v3.26.1
Real Estate Loan Investments, at Fair Value - Schedule of Real Estate Loan Investments (Details) - USD ($)
$ in Thousands
 6 Months Ended 12 Months Ended
Jun. 30, 2026
Dec. 31, 2025
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Loan Amount $ 994,605 $ 618,547
Principal Balance Outstanding 900,685 561,965
Fair Value $ 900,685 $ 561,965
Period-end Weighted Average Rate 7.55% 7.70%
Weighted Average Life Remaining (years) 3 years 2 months 12 days 3 years 8 months 12 days
Senior Loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Loan Amount $ 905,250 $ 566,200
Principal Balance Outstanding 813,380 511,237
Fair Value $ 813,380 $ 511,237
Period-end Weighted Average Rate 7.35% 7.43%
Weighted Average Life Remaining (years) 3 years 2 months 12 days 3 years 8 months 12 days
Subordinate Participation Interest    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Loan Amount $ 73,791 $ 36,783
Principal Balance Outstanding 73,042 36,283
Fair Value $ 73,042 $ 36,283
Period-end Weighted Average Rate 8.18% 8.34%
Weighted Average Life Remaining (years) 3 years 4 months 24 days 4 years 1 month 6 days
Mezzanine Loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Loan Amount $ 15,564 $ 15,564
Principal Balance Outstanding 14,263 14,445
Fair Value $ 14,263 $ 14,445
Period-end Weighted Average Rate 15.72% 15.73%
Weighted Average Life Remaining (years) 2 years 9 months 18 days 3 years 9 months 18 days