Interest Income and Interest Expense (Details) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
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| Interest income | ||||
| Loans, net | $ 69,790 | $ 142,655 | $ 140,867 | $ 290,346 |
| Loans, held for sale | 2,859 | 5,734 | 8,984 | 8,676 |
| Loans, held at fair value | 16 | 38 | 25 | 76 |
| Preferred equity investments | 3,289 | 3,289 | 6,542 | 6,591 |
| MBS | 1,447 | 1,019 | 2,713 | 2,013 |
| Total interest income | 77,401 | 152,735 | 159,131 | 307,702 |
| Interest expense | ||||
| Secured borrowings | (42,585) | (54,288) | (90,440) | (95,411) |
| PPPLF borrowings | (7) | (11) | (7) | (25) |
| Securitized debt obligations of consolidated VIEs | (6,824) | (42,154) | (21,350) | (102,834) |
| Guaranteed loan financing | (9,152) | (12,489) | (17,975) | (25,419) |
| Senior secured notes | (15,035) | (13,569) | (29,560) | (23,679) |
| Corporate debt | (9,250) | (13,326) | (20,355) | (28,935) |
| Total interest expense | (82,853) | (135,837) | (179,687) | (276,303) |
| Net interest income (loss) before provision for loan losses | (5,452) | 16,898 | (20,556) | 31,399 |
| Bridge | ||||
| Interest income | ||||
| Loans, net | 24,500 | 83,125 | 52,728 | 179,322 |
| Loans, held for sale | 1,356 | 3,530 | 5,405 | 3,530 |
| Fixed rate | ||||
| Interest income | ||||
| Loans, net | 7,464 | 9,969 | 14,491 | 20,184 |
| Loans, held for sale | 0 | 0 | 411 | 26 |
| Construction | ||||
| Interest income | ||||
| Loans, net | 12,345 | 15,461 | 23,280 | 23,004 |
| Loans, held for sale | 0 | 0 | 0 | 327 |
| SBA - 7(a) | ||||
| Interest income | ||||
| Loans, net | 20,789 | 27,677 | 40,689 | 54,676 |
| Loans, held for sale | 1,191 | 1,922 | 2,599 | 4,303 |
| PPP | ||||
| Interest income | ||||
| Loans, net | 1 | 342 | 51 | 788 |
| Other | ||||
| Interest income | ||||
| Loans, net | 4,691 | 6,081 | 9,628 | 12,372 |
| Loans, held for sale | 312 | 282 | 569 | 490 |
| Loans, held at fair value | $ 16 | $ 38 | $ 25 | $ 76 |
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- Definition Amount of operating interest income of preferred equity investments. No definition available.
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- Definition Interest and Fee Income, Loan and Lease, Fair Value No definition available.
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- Definition Interest expense incurred during the reporting period on Corporate Debt. No definition available.
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- Definition Interest expense related to Paycheck Protection Program Liquidity Facility borrowings. No definition available.
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- Definition Aggregate amount of interest expense on senior secured note. No definition available.
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- Definition This element represents interest incurred for borrowed money which was used to produce goods or render services. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Represents the total of interest and dividend income, including any amortization and accretion (as applicable) of discounts and premiums, earned from (1) loans and leases whether held-for-sale or held-in-portfolio; (2) investment securities; (3) federal funds sold; (4) securities purchased under agreements to resell; (5) investments in banker's acceptances, commercial paper, or certificates of deposit; (6) dividend income; or (7) other investments not otherwise specified herein. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition The aggregate interest and fee income generated by: (1) loans the Entity has positive intent and ability to hold for the foreseeable future, or until maturity or payoff, including commercial and consumer loans, whether domestic or foreign, which may consist of: (a) industrial and agricultural; (b) real estate; and (c) real estate construction loans; (d) trade financing; (e) lease financing; (f) home equity lines-of-credit; (g) automobile and other vehicle loans; and (h) credit card and other revolving-type loans and (2) loans and leases held-for-sale which may include mortgage loans, direct financing, and sales-type leases. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The amount of interest and fee income earned from loans held-for-sale, including mortgage loans, and interest earned from direct financing and sales-type leases held-for-sale. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Interest expense on beneficial interests issued by consolidated variable interest entities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of interest expense classified as operating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The aggregate interest expense incurred on short-term borrowings including commercial paper and Federal funds purchased and securities sold under agreements to repurchase. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest income (expense) classified as operating. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of operating interest income, including amortization and accretion of premiums and discounts, on securitized, pass-through debt securities collateralized by real estate mortgage loans. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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