v3.26.1
Loans Held-for-Investment, Net of Allowance for Credit Losses - Schedule of Loan Portfolio Activity (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Financing Receivable, Excluding Accrued Interest, And Allowance [Roll Forward]        
Balance at beginning of period $ 1,510,097 $ 1,937,659 $ 1,683,644 $ 2,097,375
Balance at beginning of period (147,298) (177,282) (145,912) (199,727)
Balance at beginning of period 1,362,799 1,760,377 1,537,732 1,897,648
Originations, additional fundings, upsizing of loans and capitalized deferred interest 7,997 13,519 22,276 23,994
Repayments (99,960) (93,172) (276,441) (176,953)
Transfers to loans held-for-sale, net of discount at time of transfer 0   (12,873)  
Transfers to real estate owned   0   (63,353)
Transfers in from loan related receivables   567   567
Decrease from net deferred fees 373 (254) 245 (583)
Amortization of net deferred origination fees 533 1,034 2,189 2,944
Provision for credit losses (45,846) (10,760) (46,932) (12,953)
Recoveries of previous write-offs 0   (300)  
Write-offs 29,660 36,074 29,660 60,712
Balance at end of period 1,389,380 1,823,279 1,389,380 1,823,279
Balance at end of period (163,484) (151,968) (163,484) (151,968)
Balance at end of period 1,225,896 $ 1,671,311 1,225,896 1,671,311
Loan assumed $ 2,300   3,800 1,700
Transfers from loan held-for investment and receivables to real estate owned     $ 0 71,000
Transfer to real estate owned       63,400
Accrued interest receivable       $ 7,600