Fair Value - Schedule of Carrying Values and Estimated Fair Values of Assets and Liabilities (Details) - USD ($) $ in Thousands |
Jun. 30, 2026 |
Mar. 31, 2026 |
Dec. 31, 2025 |
Jun. 30, 2025 |
Mar. 31, 2025 |
Dec. 31, 2024 |
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| Assets | ||||||
| Loans held-for-investment, net of allowance for credit losses | $ 1,225,896 | $ 1,362,799 | $ 1,537,732 | $ 1,671,311 | $ 1,760,377 | $ 1,897,648 |
| Loans held-for-investment, net of allowance for credit losses, at fair value | 1,261,518 | 1,579,793 | ||||
| Cash and cash equivalents | 58,478 | 65,958 | ||||
| Restricted cash | 48,994 | 14,108 | ||||
| Liabilities | ||||||
| Repurchase facilities | 313,721 | 439,173 | ||||
| Securitized debt obligations | 521,646 | 643,528 | ||||
| Securitized debt obligations, at fair value | 515,901 | 628,079 | ||||
| Secured credit facility | 71,774 | 71,774 | ||||
| Mortgage loan payable | ||||||
| Liabilities | ||||||
| Secured credit facility | 18,000 | 18,000 | ||||
| Secured debt | 17,594 | 17,546 | ||||
| Loan participations sold | ||||||
| Liabilities | ||||||
| Secured debt | $ 28,301 | $ 0 |
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- Definition Fair value of securitized debt obligations. No definition available.
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- References No definition available.
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- Definition Amount, including accrued interest, to be repaid to counterparty to repurchase agreement when carrying amount or market value if higher, of security or other asset sold under repurchase agreement exceeds 10 percent of total assets. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Obligation reflecting another party's right to economic interests in another entity or trust under a contractual right. For example, an investor may purchase a beneficial interest in a securitization transaction. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of cash and cash equivalent. Cash includes, but is not limited to, currency on hand, demand deposit with financial institution, and account with general characteristic of demand deposit. Cash equivalent includes, but is not limited to, short-term, highly liquid investment that is both readily convertible to known amount of cash and so near maturity that it presents insignificant risk of change in value because of change in interest rate. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amortized cost excluding accrued interest, after allowance for credit loss, of financing receivable. Excludes net investment in lease. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition Fair value portion of loan receivable, including, but not limited to, mortgage loans held for investment, finance receivables held for investment, policy loans on insurance contracts. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Secured financing other than securities sold under agreements to repurchase and securities loaned. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of cash restricted as to withdrawal or usage. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Carrying value as of the balance sheet date, including the current and noncurrent portions, of collateralized debt obligations (with maturities initially due after one year or beyond the operating cycle, if longer). Such obligations include mortgage loans, chattel loans, and any other borrowings secured by assets of the borrower. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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