v3.26.1
Consolidated Securitization Vehicles (Details)
$ in Thousands
6 Months Ended 12 Months Ended
Jun. 30, 2026
USD ($)
loan
Dec. 31, 2025
USD ($)
loan
Transfers and Servicing [Abstract]    
Real estate loans held by consolidated securitization vehicles, count | loan 76 89
Senior obligations of consolidated securitization vehicles, count | loan 9 11
Real estate loans held by consolidated securitization vehicles in excess of senior obligations of consolidated securitization vehicles, count | loan 9 11
Real estate loans held by consolidated securitization vehicles, at principal value $ 4,114,632 $ 6,476,456
Senior obligations of consolidated securitization vehicles, at principal value 3,557,976 5,769,088
Real estate loans held by consolidated securitization vehicles in excess of senior obligations of consolidated securitization vehicles, at principal value 556,656 707,368
Real estate loans held by consolidated securitization vehicles, at fair value 4,095,346 6,975,460
Senior obligations of consolidated securitization vehicles, at fair value 3,544,320 6,284,112
Real estate loans held by consolidated securitization vehicles in excess of senior obligations of consolidated securitization vehicles, at fair value $ 551,026 $ 691,348
Real estate loans held by consolidated securitization vehicles, weighted average yield 5.30% 6.20%
Senior obligations of consolidated securitization vehicles, weighted average cost 5.00% 6.00%
Real estate loans held by consolidated securitization vehicles in excess of senior obligations of consolidated securitization vehicles, weighted average yield and cost 7.30% 8.00%