v3.26.1
Real Estate Loan Investments, at Fair Value - Schedule of Real Estate Loan Investments at Fair Value by Geographic Location (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]    
Fair Value $ 900,685 $ 561,965
Percentage 100.00% 100.00%
South    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Fair Value $ 354,518 $ 292,200
Percentage 39.30% 52.00%
West    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Fair Value $ 99,850 $ 44,650
Percentage 11.10% 8.00%
Midwest    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Fair Value $ 170,433 $ 78,833
Percentage 18.90% 14.00%
North    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Fair Value $ 234,696 $ 146,282
Percentage 26.10% 26.00%
Northeast    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Fair Value $ 41,188 $ 0
Percentage 4.60% 0.00%