v3.26.1
Secured Borrowings - Collateralized Loan Obligations (Details)
$ in Thousands
1 Months Ended 6 Months Ended 12 Months Ended
Feb. 28, 2026
Jul. 31, 2026
USD ($)
Mar. 31, 2026
USD ($)
Jan. 31, 2026
USD ($)
Jun. 30, 2026
USD ($)
Item
security
Dec. 31, 2025
USD ($)
security
Item
Summary of CLO            
Carrying Value         $ 4,811,511 $ 5,131,453
Collateral assets            
Summary of CLO            
Face amount         4,180,797 4,538,474
Carrying Value         6,412,229 6,739,635
Financing            
Summary of CLO            
Face amount         4,839,145 5,153,316
Carrying Value         4,811,511 5,131,453
CLOs and SASB | Collateral assets            
Summary of CLO            
Face amount         4,180,797 4,538,474
Carrying Value         4,401,646 4,811,701
CLOs and SASB | Financing            
Summary of CLO            
Face amount         3,429,814 3,884,988
Carrying Value         $ 3,413,912 $ 3,869,775
STWD 2025-FL4 | Collateral assets            
Summary of CLO            
Count | Item         27 21
Face amount         $ 1,103,850 $ 1,049,200
Carrying Value         $ 1,108,010 $ 1,108,352
Weighted Average Rate         3.08% 3.19%
STWD 2025-FL4 | Financing            
Summary of CLO            
Count | Item         1 1
Face amount         $ 968,628 $ 968,628
Carrying Value         $ 962,087 $ 961,078
Weighted Average Rate         1.85% 1.85%
STWD 2022-FL3 | Subsequent Event            
Summary of CLO            
Repayments of debt   $ 299,200        
STWD 2022-FL3 | Collateral assets            
Summary of CLO            
Count | security         16 23
Face amount         $ 458,576 $ 662,525
Carrying Value         $ 460,493 $ 668,530
Weighted Average Rate         2.96% 2.99%
STWD 2022-FL3 | Financing            
Summary of CLO            
Count | security         1 1
Face amount         $ 299,196 $ 505,973
Carrying Value         $ 299,196 $ 505,973
Weighted Average Rate         2.13% 1.82%
STWD 2021-HTS | Collateral assets            
Summary of CLO            
Count | security         1 1
Face amount         $ 82,603 $ 102,602
Carrying Value         $ 82,982 $ 103,101
Weighted Average Rate         3.97% 3.97%
STWD 2021-HTS | Financing            
Summary of CLO            
Count | security         1 1
Face amount         $ 62,694 $ 82,693
Carrying Value         $ 62,694 $ 82,693
Weighted Average Rate         3.92% 3.80%
STWD 2021-FL2 | Subsequent Event            
Summary of CLO            
Repayments of debt   $ 279,900        
STWD 2021-FL2 | Collateral assets            
Summary of CLO            
Count | security         11 18
Face amount         $ 498,443 $ 886,773
Carrying Value         $ 501,172 $ 896,979
Weighted Average Rate         3.34% 3.22%
STWD 2021-FL2 | Financing            
Summary of CLO            
Count | security         1 1
Face amount         $ 279,896 $ 674,494
Carrying Value         $ 279,896 $ 674,494
Weighted Average Rate         2.31% 1.77%
Starwood 2026-SIF7 | Collateral assets            
Summary of CLO            
Count | Item         34  
Face amount         $ 563,619  
Carrying Value         $ 619,563  
Weighted Average Rate         3.57%  
Starwood 2026-SIF7 | Financing            
Summary of CLO            
Count | Item         1  
Face amount         $ 496,200  
Carrying Value         $ 493,257  
Weighted Average Rate         1.91%  
Percentage of debt earning fixed-rate interest         3.00%  
Weighted average interest rate         7.33%  
Starwood 2025-SIF6 | Collateral assets            
Summary of CLO            
Count | Item         34 27
Face amount         $ 454,335 $ 487,404
Carrying Value         $ 509,053 $ 503,199
Weighted Average Rate         3.69% 3.75%
Starwood 2025-SIF6 | Financing            
Summary of CLO            
Count | Item         1 1
Face amount         $ 413,500 $ 413,500
Carrying Value         $ 411,182 $ 410,792
Weighted Average Rate         1.91% 1.91%
Percentage of debt earning fixed-rate interest         6.00%  
Weighted average interest rate         7.26%  
Starwood 2025-SIF5 | Collateral assets            
Summary of CLO            
Count         32 29
Face amount         $ 451,797 $ 444,427
Carrying Value         $ 509,239 $ 510,441
Weighted Average Rate         3.55% 3.64%
Starwood 2025-SIF5 | Financing            
Summary of CLO            
Count         1 1
Face amount         $ 413,500 $ 413,500
Carrying Value         $ 411,368 $ 410,945
Weighted Average Rate         1.94% 1.94%
Percentage of debt earning fixed-rate interest         6.00%  
Weighted average interest rate         7.33%  
Starwood 2024-SIF4 | Collateral assets            
Summary of CLO            
Count | security         31 27
Face amount         $ 567,574 $ 551,333
Carrying Value         $ 611,134 $ 612,505
Weighted Average Rate         3.51% 3.69%
Starwood 2024-SIF4 | Financing            
Summary of CLO            
Count | security         1 1
Face amount         $ 496,200 $ 496,200
Carrying Value         $ 494,232 $ 493,800
Weighted Average Rate         2.10% 2.10%
Percentage of debt earning fixed-rate interest         5.00%  
Weighted average interest rate         7.33%  
STWD 2024-SIF3            
Summary of CLO            
Repayments of debt       $ 330,000    
STWD 2024-SIF3 | Collateral assets            
Summary of CLO            
Count | security           27
Face amount           $ 354,210
Carrying Value           $ 408,594
Weighted Average Rate           3.78%
STWD 2024-SIF3 | Financing            
Summary of CLO            
Count | security           1
Face amount           $ 330,000
Carrying Value           $ 330,000
Weighted Average Rate           2.41%
ABS Financing | Collateral assets            
Summary of CLO            
Count | security         444 433
Carrying Value         $ 2,010,583 $ 1,927,934
ABS Financing | Financing            
Summary of CLO            
Count | security         4 4
Face amount         $ 1,409,331 $ 1,268,328
Carrying Value         $ 1,397,599 $ 1,261,678
Weighted Average Rate 5.73%   5.29%   5.29% 5.73%
ABS, FI Series 2026-1            
Summary of CLO            
Weighted average interest rate     5.06%      
ABS, FI Series 2026-1 | Financing            
Summary of CLO            
Face amount         $ 466,100  
Weighted average interest rate         5.06%  
ABS, FI Series 2025-1 | Financing            
Summary of CLO            
Face amount         $ 390,400 $ 390,900
Weighted average interest rate         5.25% 5.26%
ABS, FI Seriess 2024-1 | Financing            
Summary of CLO            
Face amount         $ 240,000 $ 240,300
Weighted average interest rate         5.03% 5.03%
ABS, FI Series 2023-2 | Financing            
Summary of CLO            
Face amount         $ 312,800 $ 313,200
Weighted average interest rate         5.89% 5.89%
ABS, FI Series 2023-1            
Summary of CLO            
Weighted average interest rate     6.65%      
Repayments of debt     $ 323,600      
ABS, FI Series 2023-1 | Financing            
Summary of CLO            
Face amount           $ 323,900
Weighted average interest rate           6.65%