v3.26.1
Variable Interest Entities and Securitizations - Schedule of the Assets and Liabilities of the Company's Consolidated Variable Interest Entities (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Jun. 30, 2025
Assets      
Restricted cash $ 255,187 $ 235,143 $ 190,176
Loans held for investment, subject to nonrecourse debt, at fair value 10,928,261 10,026,177  
Loans held for investment, at fair value 516,892 870,081  
Other assets, net (includes $89,264 and $11,838 at fair value) 325,589 197,376  
Other assets, net at fair value 188,635 76,146  
TOTAL ASSETS 37,316,763 30,733,298  
Liabilities      
Nonrecourse debt, at fair value 10,641,380 9,736,493  
Other financing lines of credit 1,054,766 1,187,699  
TOTAL LIABILITIES 36,910,058 30,337,671  
Variable Interest Entity, Primary Beneficiary      
Assets      
Restricted cash 247,429 227,489  
Loans held for investment, subject to nonrecourse debt, at fair value 10,928,261 9,630,812  
Loans held for investment, at fair value 105,764 432,724  
Other assets, net (includes $89,264 and $11,838 at fair value) 130,296 80,738  
Other assets, net at fair value 89,264 11,838  
TOTAL ASSETS 11,411,750 10,371,763  
Liabilities      
Nonrecourse debt, at fair value 10,641,380 9,359,493  
Other financing lines of credit 138,295 313,699  
Payables and other liabilities 1,779 3,784  
TOTAL LIABILITIES 10,781,454 9,676,976  
Variable Interest Entity, Primary Beneficiary | Asset and Liabilities of Consolidated VIE      
Assets      
Restricted cash 247,429 227,489  
Loans held for investment, subject to nonrecourse debt, at fair value 10,928,261 9,630,812  
Loans held for investment, at fair value 105,764 432,724  
Other assets, net (includes $89,264 and $11,838 at fair value) 130,296 80,738  
Other assets, net at fair value 89,264 11,838  
TOTAL ASSETS 11,411,750 10,371,763  
Liabilities      
Nonrecourse debt, at fair value 11,190,194 9,806,836  
Other financing lines of credit 138,295 313,699  
Payables and other liabilities 1,779 3,784  
TOTAL LIABILITIES 11,330,268 10,124,319  
Retained bonds and beneficial interests eliminated in consolidation (548,814) (447,343)  
Total consolidated liabilities $ 10,781,454 $ 9,676,976