75000 - Document - Cover Page
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75010 - Statement - Condensed Consolidated Balance Sheets (Unaudited)
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75020 - Statement - Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical)
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75030 - Statement - Condensed Consolidated Statement of Operations (Unaudited)
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75040 - Statement - Condensed Consolidated Statement of Operations (Unaudited) (Parenthetical)
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75050 - Statement - Condensed Consolidated Statement of Changes in Stockholders’ Equity (Unaudited)
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75060 - Statement - Condensed Consolidated Statement of Changes in Stockholders’ Equity (Unaudited) (Parenthetical)
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75070 - Statement - Condensed Consolidated Statement of Cash Flows (Unaudited)
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995455 - Disclosure - Organization
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995465 - Disclosure - Summary of Significant Accounting Policies
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995475 - Disclosure - Fair Value Disclosure
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995485 - Disclosure - Commercial Mortgage Loans, Subordinate Loans and Other Lending Assets, Net
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995495 - Disclosure - Real Estate Owned
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995505 - Disclosure - Other Assets
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995515 - Disclosure - Secured Debt Arrangements, Net
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995525 - Disclosure - Senior Secured Term Loans, Net
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995535 - Disclosure - Senior Secured Notes, Net
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995545 - Disclosure - Derivatives
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995555 - Disclosure - Participations Sold
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995565 - Disclosure - Accounts Payable, Accrued Expenses and Other Liabilities
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995575 - Disclosure - Income Taxes
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995585 - Disclosure - Related Party Transactions
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995595 - Disclosure - Share-Based Payments
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995605 - Disclosure - Stockholders' Equity
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995615 - Disclosure - Commitments and Contingencies
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995625 - Disclosure - Fair Value of Financial Instruments
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995635 - Disclosure - Net Income (Loss) per Share
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995645 - Disclosure - Segment Reporting
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995655 - Disclosure - Subsequent Events
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995665 - Disclosure - Summary of Significant Accounting Policies (Policies)
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995675 - Disclosure - Fair Value Disclosure (Tables)
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995685 - Disclosure - Commercial Mortgage Loans, Subordinate Loans and Other Lending Assets, Net (Tables)
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995695 - Disclosure - Real Estate Owned (Tables)
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995705 - Disclosure - Other Assets (Tables)
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995715 - Disclosure - Secured Debt Arrangements, Net (Tables)
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995725 - Disclosure - Senior Secured Term Loans, Net (Tables)
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995735 - Disclosure - Derivatives (Tables)
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995745 - Disclosure - Accounts Payable, Accrued Expenses and Other Liabilities (Tables)
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995755 - Disclosure - Share-Based Payments (Tables)
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995765 - Disclosure - Stockholders' Equity (Tables)
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995775 - Disclosure - Fair Value of Financial Instruments (Tables)
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995785 - Disclosure - Net Income (Loss) per Share (Tables)
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995795 - Disclosure - Organization - Additional Information (Details)
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995805 - Disclosure - Summary of Significant Accounting Policies - Additional Information (Details)
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995815 - Disclosure - Fair Value Disclosure - Additional Information (Details)
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995825 - Disclosure - Fair Value Disclosure - Summarizes Levels in Fair Value Hierarchy of Financial Instruments (Details)
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995835 - Disclosure - Commercial Mortgage Loans, Subordinate Loans and Other Lending Assets, Net - Schedule of Loan Portfolio (Details)
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995845 - Disclosure - Commercial Mortgage Loans, Subordinate Loans and Other Lending Assets, Net - Schedule of Loan Portfolio (Parenthetical) (Details)
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995855 - Disclosure - Commercial Mortgage Loans, Subordinate Loans and Other Lending Assets, Net - Additional Information (Details)
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995865 - Disclosure - Commercial Mortgage Loans, Subordinate Loans and Other Lending Assets, Net - Schedule of Activity Relating to Loan Portfolio (Details)
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995875 - Disclosure - Commercial Mortgage Loans, Subordinate Loans and Other Lending Assets, Net - Schedule of Activity Relating to Loan Portfolio (Parenthetical) (Details)
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995885 - Disclosure - Commercial Mortgage Loans, Subordinate Loans and Other Lending Assets, Net - Schedule of Overall Statistics for Loan Portfolio (Details)
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995895 - Disclosure - Commercial Mortgage Loans, Subordinate Loans and Other Lending Assets, Net - Schedule of Overall Statistics for Loan Portfolio (Parenthetical) (Details)
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995905 - Disclosure - Commercial Mortgage Loans, Subordinate Loans and Other Lending Assets, Net - Schedule of Mortgage Loans by Property Type and Geographic Distribution (Details)
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995915 - Disclosure - Commercial Mortgage Loans, Subordinate Loans and Other Lending Assets, Net - Schedule of Mortgage Loans by Property Type and Geographic Distribution (Parenthetical) (Details)
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995925 - Disclosure - Commercial Mortgage Loans, Subordinate Loans and Other Lending Assets, Net - Allocation of Carrying Value of Loan Portfolio Based on Internal Risk Ratings (Details)
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995935 - Disclosure - Commercial Mortgage Loans, Subordinate Loans and Other Lending Assets, Net - Allocation of Carrying Value of Loan Portfolio Based on Internal Risk Ratings (Parenthetical) (Details)
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995945 - Disclosure - Commercial Mortgage Loans, Subordinate Loans and Other Lending Assets, Net - CECL Allowance as Percentage of Amortized Cost and Total Commitment (Details)
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995955 - Disclosure - Commercial Mortgage Loans, Subordinate Loans and Other Lending Assets, Net - CECL Allowance as Percentage of Amortized Cost and Total Commitment (Details) 2
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995965 - Disclosure - Commercial Mortgage Loans, Subordinate Loans and Other Lending Assets, Net - CECL Allowance as Percentage of Amortized Cost and Total Commitment (Parenthetical) (Details)
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995975 - Disclosure - Real Estate Owned - Additional Information (Details)
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995985 - Disclosure - Real Estate Owned - D.C. Hotel - Additional Information (Details)
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995995 - Disclosure - Real Estate Owned - Brooklyn Multifamily Development - Additional Information (Details)
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996005 - Disclosure - Real Estate Owned - Atlanta Hotel - Additional Information (Details)
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996015 - Disclosure - Real Estate Owned - REO Assets and Liabilities (Details)
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996025 - Disclosure - Real Estate Owned - REO Operations and Net Income (Details)
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996035 - Disclosure - Other Assets - Schedule of Components of Other Assets (Details)
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996045 - Disclosure - Other Assets - Schedule of Components of Other Assets (Parenthetical) (Details)
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996055 - Disclosure - Other Assets - Additional Information (Details)
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996065 - Disclosure - Secured Debt Arrangements, Net - Additional Information (Details)
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996075 - Disclosure - Secured Debt Arrangements, Net - Weighted Average Maturities and Interest Rates of Borrowings (Details)
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996085 - Disclosure - Secured Debt Arrangements, Net - Weighted Average Maturities and Interest Rates of Borrowings (Parenthetical) (Details)
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996095 - Disclosure - Secured Debt Arrangements, Net - Commercial Mortgage Loans Pledged to the Barclays Private Securitization (Details)
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996105 - Disclosure - Secured Debt Arrangements, Net - Assets Under Barclays Private Securitization (Details)
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996115 - Disclosure - Secured Debt Arrangements, Net - Assets Under Barclays Private Securitization (Parenthetical) (Details)
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996125 - Disclosure - Secured Debt Arrangements, Net - Schedule of Assets and Liabilities (Details)
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996135 - Disclosure - Secured Debt Arrangements, Net - Schedule of Assets and Liabilities (Parenthetical) (Details)
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996145 - Disclosure - Secured Debt Arrangements, Net - Schedule of Net Income from VIE (Details)
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996155 - Disclosure - Secured Debt Arrangements, Net - Remaining Maturities of Borrowings (Details)
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996165 - Disclosure - Secured Debt Arrangements, Net - Summary of Outstanding Balances, Maximum and Average Balances of Borrowings (Details)
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996175 - Disclosure - Senior Secured Term Loan, Net - Additional Information (Details)
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996185 - Disclosure - Senior Secured Term Loan, Net - Summarizes the Terms of the Term Loans (Details)
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996195 - Disclosure - Senior Secured Notes, Net - Additional Information (Details)
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996205 - Disclosure - Derivatives - Schedule of Non-Designated Foreign Exchange Forwards and Interest Rate Caps (Details)
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996215 - Disclosure - Derivatives - Schedule of Amounts Recognized on Condensed Consolidated Statements of Operations Related to Company's Derivatives (Details)
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996225 - Disclosure - Derivatives - Additional Information (Details)
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996235 - Disclosure - Derivatives - Summarizes Gross Asset and Liability Amounts Related to Derivatives (Details)
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996245 - Disclosure - Participations Sold - Additional Information (Details)
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996255 - Disclosure - Accounts Payable, Accrued Expenses and Other Liabilities - Components of our Accounts Payable, Accrued Expense and Other Liabilities (Details)
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996265 - Disclosure - Accounts Payable, Accrued Expenses and Other Liabilities - Components of our Accounts Payable, Accrued Expense and Other Liabilities (Parenthetical) (Details)
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996275 - Disclosure - Income Taxes - Additional Information (Details)
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996285 - Disclosure - Related Party Transactions - Additional Information (Details)
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996295 - Disclosure - Share-Based Payments - Additional Information (Details)
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996305 - Disclosure - Share-Based Payments - Summary of Grants, Exchanges and Forfeitures of Restricted Stock and RSUs (Details)
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996315 - Disclosure - Share-Based Payments - Summary of Restricted Stock and RSU Vesting Dates (Details)
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996325 - Disclosure - Stockholders' Equity - Additional Information (Details)
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996335 - Disclosure - Stockholders' Equity - Schedule of Dividends Activity (Details)
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996345 - Disclosure - Commitments and Contingencies - Additional Information (Details)
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996355 - Disclosure - Fair Value of Financial Instruments - Carrying Value and Estimated Fair Value of Company's Financial Instruments (Details)
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996365 - Disclosure - Fair Value of Financial Instruments - Additional Information (Details)
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996375 - Disclosure - Net Income (Loss) per Share - Basic and Diluted Net Income per Share of Common Stock Using Two-Class Method (Details)
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996385 - Disclosure - Net Income (Loss) per Share - Additional Information (Details)
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996395 - Disclosure - Segment Reporting - Additional Information (Details)
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996405 - Disclosure - Subsequent Events - Additional Information (Details)
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Amended and Restated JPMorgan Facility
Amended and Restated JPMorgan Facility [Member]
Amended and Restated JPMorgan Facility [Member]
Dividends declared on preferred stock
Dividends, Preferred Stock
Operating Lease, Lease Income, Statement of Income or Comprehensive Income [Extensible Enumeration]
Weighted average advance rate
Debt Instrument, Advance Rate
Debt Instrument, Advance Rate
West
West [Member]
West [Member]
Entity Incorporation, State or Country Code
Entity Incorporation, State or Country Code
Preferred stock, shares issued
Preferred Stock, Shares Issued
Balance Sheet Location [Domain]
Statement of Financial Position Location, Balance [Domain]
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]
Summarizes Levels in Fair Value Hierarchy of Financial Instruments
General CECL allowance on unfunded commitments
Allowance Of Unfunded Commitment
Allowance of unfunded commitment.
New loan fundings
New funding of commercial mortgage loans
Payments to Fund Commercial Mortgage Loans
Payments to fund commercial mortgage loans.
Payment for commercial mortgage loans
New York City
New York City [Member]
New York City [Member]
Repurchase of common stock, weighted-average price per share
Shares Acquired, Average Cost Per Share
Financing Receivable Portfolio Segment [Axis]
Financing Receivable Portfolio Segment [Axis]
Schedule of Assets Under the Private Barclays Securitization
Schedule of Long-Term Debt Instruments [Table Text Block]
Schedule of Long-term Debt Instruments
Plan Name [Axis]
Plan Name [Axis]
Equity [Abstract]
Equity [Abstract]
Entity Current Reporting Status
Entity Current Reporting Status
Financing Receivable, Funded, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Funded, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Funded, Allowance for Credit Loss [Roll Forward]
Class of Financing Receivable [Axis]
Class of Financing Receivable [Axis]
Allowances (Reversals), net
Allowances (Reversals), net
Financing Receivable Allowance for Credit Loss Expense Reversal
Financing receivable allowance for credit loss expense reversal.
Collateral
Commercial Loans Amortized Cost Of Collateral
Commercial loans amortized cost of collateral.
Percentage of base management fee
Percentage Of Base Management Fee
Percentage of base management fee.
Operating expenses:
Operating Expenses [Abstract]
Additional contribution
Payments for Purchase of Other Assets
Hotel Property Through a deed-in-Lieu of Foreclosure
Hotel Property Through a deed-in-Lieu of Foreclosure [Member]
Hotel Property Through a deed-in-Lieu of Foreclosure
Level II
Fair Value, Inputs, Level 2 [Member]
Deferred tax assets, net of valuation allowance
Deferred Tax Assets, Net of Valuation Allowance
Commitments and Contingencies
Commitments and Contingencies Disclosure [Text Block]
Common stock, shares authorized
Common Stock, Shares Authorized
Specific CECL Allowance
Financing Receivable, Specific Allowance for Credit Loss
Financing receivable, specific allowance for credit loss.
Hotel - Washington D.C.
Hotel - Washington D.C. [Member]
Hotel - Washington D.C. [Member]
Earnings Per Share, Basic [Abstract]
Earnings Per Share Attributable to Common Stockholders
Principal Balance
Loan and Leases Receivable, Gross [Roll Forward]
Loan and Leases Receivable, Gross [Roll Forward]
Product and Service [Axis]
Document Fiscal Period Focus
Document Fiscal Period Focus
Debt instrument, interest rate, stated percentage
Debt Instrument, Interest Rate, Stated Percentage
Interest rate
Accounting Standards Update 2023-09 [Member]
ASU 2023-09
Entity Shell Company
Entity Shell Company
Barclays Private Securitization GBP EUR SEK [Member]
Barclays Private Securitization GBP EUR SEK.
Barclays Private Securitization - GBP, EUR, SEK
Barclays Facility
Barclays Facility [Member]
Barclays Facility [Member]
Cash and cash equivalents
Cash and Cash Equivalent
Cash and Cash Equivalent, Total
Schedule of Remaining Maturities of Borrowings
Schedule of Maturities of Long-Term Debt [Table Text Block]
Change in loan proceeds held by servicer
Loan Proceeds Held By Servicer, Noncash
Loan Proceeds Held By Servicer, Noncash
Payable to related party
Increase (Decrease) in Accounts Payable, Related Parties
Common stock, shares issued
Common Stock, Shares, Issued
Statement [Table]
Statement [Table]
Interest income from subordinate loans and other lending assets
Interest and Fee Income, Loans, Subordinate Commercial Real Estate
Interest and Fee Income, Loans, Subordinate Commercial Real Estate
Commercial Mortgage Portfolio Segment
Commercial Mortgage Portfolio Segment [Member]
Commercial Mortgage Portfolio Segment [Member]
2028 Term Loan
2028 Term Loan [Member]
2028 Term Loan
Midwest
Midwest [Member]
Midwest [Member]
Interest receivable
Interest Receivable
Interest receivable
Atlas Facility GBP EUR [Member]
Atlas Facility GBP EUR.
Atlas Facility - GBP, EUR
Mixed Use
Mixed Use [Member]
Mixed Use [Member]
Multifamily Development - Brooklyn, NY
Multifamily Development - Brooklyn, NY [Member]
Multifamily Development - Brooklyn, NY
General CECL allowance
Specific provision for loan loss, beginning
Specific provision for loan loss, ending
Specific CECL allowance
Financing receivable, allowance for credit loss, excluding accrued interest
Ending balance, Specific CECL Allowance
Beginning balance, Specific CECL Allowance
Statement [Line Items]
Statement [Line Items]
Repurchase of common stock, Shares
Treasury stock, value, acquired, cost method
Treasury Stock, Value, Acquired, Cost Method
Revenue from Contract with Customer [Policy Text Block]
Revenue Recognition
Entity Filer Category
Entity Filer Category
Pubs
Pubs [Member]
Pubs
Net interest income:
Interest Income (Expense), Operating [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Derivative, gain (loss), statement of income or comprehensive income
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]
Total Liabilities and Stockholders' Equity
Liabilities and Equity
Debt Instrument [Line Items]
Debt Instrument [Line Items]
Payables and Accruals [Abstract]
Payables and Accruals [Abstract]
Long-Lived Tangible Asset [Axis]
Long-Lived Tangible Asset [Axis]
Building
Investment Building and Building Improvements
Carrying Value and Estimated Fair Value of Company's Financial Instruments
Fair Value, by Balance Sheet Grouping [Table Text Block]
Series B-1 Preferred Stock
Series B-1 Preferred Stock [Member]
Series B-1 Preferred Stock
Gain (loss) on foreign currency translation
Loans and Leases Receivable, Gross, Foreign Currency Gain (Loss)
Loans and Leases Receivable, Gross, Foreign Currency Gain (Loss)
Fair Value of Financial Instruments
Financial Instruments Disclosure [Text Block]
Derivative [Line Items]
Derivative [Line Items]
Amortization of fees
Loans and Leases Receivable, Deferred Income, Amortization
Loans and Leases Receivable, Deferred Income, Amortization
Cash and cash equivalents
Cash and Cash Equivalents, Fair Value Disclosure
Subsequent Event [Line Items]
Income Taxes Paid
Income tax paid
Income tax paid
Proceeds from issuance of senior secured notes
Proceeds from Convertible Debt
Geographical [Domain]
Geographical [Domain]
Assumption of real estate
Real Estate Owned, Transfer to Real Estate Owned
Stock units vested (in shares)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested And Issued in Period
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested And Issued in Period
Deferred Fees/Other Items
Loan and Leases Receivable, Deferred income [Roll Forward]
Loan and Leases Receivable, Deferred income [Roll Forward]
Goldman
Goldman Facility
Goldman Sachs Repurchase Facility
Goldman Sachs Repurchase Facility [Member]
Goldman Sachs Repurchase Facility [Member]
Income Tax Examination [Table]
Income Tax, Examination [Table]
Year Two [Member]
Year Two
2027
Additional paid-in-capital
Additional Paid in Capital, Common Stock
Less: deferred financing costs
Deferred financing costs
Debt Issuance Costs, Net, Total
Less: deferred financing costs
Debt Issuance Costs, Net
Deferred Financing Costs
Number of Loans
Number of loans
Loans And Leases Receivable, Number Of Contracts
Loans And Leases Receivable, Number Of Contracts
Adjustments to additional paid in capital, income tax deficiency from share-based compensation
Share-Based Payment Arrangement, Decrease for Tax Withholding Obligation
Derivative Asset, Subject to Master Netting Arrangement, Liability Offset
Gross Amounts Offset in our Condensed Consolidated Balance Sheet
Real Estate [Table]
Real Estate [Table]
Fx contracts - GBP
United Kingdom, Pounds
UK
Related Party
Related Party [Member]
Summary of Significant Accounting Policies
Significant Accounting Policies [Text Block]
Property, Plant and Equipment [Line Items]
Proceeds from secured debt arrangements
Proceeds from Issuance of Secured Debt
Currency [Axis]
Currency [Axis]
Basic and Diluted Net Income per Share of Common Stock Using Two-Class Method
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
Proceeds from Loan Originations
Origination fees, other fees, and cost recovery proceeds received on commercial mortgage loans, and subordinate loans, net
2
Special Mention [Member]
Senior secured term loans and notes, net
Senior notes
Senior Notes
Investment, Name [Axis]
Investment, Name [Axis]
Dividend declared, not yet paid
Dividends Payable
Earnings Per Share, Basic
Basic
Massachusetts Healthcare.
Massachusetts Healthcare [Member]
Massachusetts Healthcare
General CECL Allowance on unfunded commitments
General Current Expected Credit Loss Allowance On Unfunded Commitments
General current expected credit loss allowance on unfunded commitments.
Interest rate for repurchase facility
Line of Credit Facility, Interest Rate, Stated Percentage
Line of Credit Facility, Interest Rate, Stated Percentage
Total damages including punitive
Loss Contingency, Damages Sought, Loss On Investment, Value
Loss Contingency, Damages Sought, Loss On Investment, Value
Senior Secured Notes, Net.
Senior Secured Notes, Net [Text Block]
Senior Secured Notes, Net
Weighted-Average Risk Rating
Loans And Leases Receivable, Weighted-Average Risk Rating
Loans And Leases Receivable, Weighted-Average Risk Rating
Repayments of secured debt arrangements
Repayments of senior secured term loan principal
Repayments of senior secured term loan principal
Repayments of Secured Debt
Repayments of secured debt arrangements
Revolving Credit Facility
Revolving Credit Facility [Member]
Operating Lease, Lease Income
Operating Lease, Lease Income, Total
Rental Income
Carry Value, Net
Loan and Leases Receivable, Net [Roll Forward]
Loan and Leases Receivable, Net [Roll Forward]
Multifamily [Member]
Multifamily
Multifamily Property
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity [Abstract]
Hedging Designation [Domain]
Hedging Designation [Domain]
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing Receivable, Allowance for Credit Loss [Line Items]
LTIP
A 2024 Equity Incentive Plan L T I P [Member]
A 2024 Equity Incentive Plan L T I P [Member]
Fixtures and Equipment, Gross
Furniture, fixtures, and equipment
Parent Company [Member]
ARI
Accounting Standards Update [Axis]
Rental Properties [Member]
Rental properties.
Rental
Income Tax Examination [Line Items]
Income Tax Examination [Line Items]
Carrying value, net
Carrying value, net
Carrying value, net
Mortgage Loans on Real Estate, Commercial and Consumer And Financing Receivable, Net
Mortgage Loans on Real Estate, Commercial and Consumer And Financing Receivable, Net
Stockholders' Equity:
Equity, Attributable to Parent [Abstract]
Small Business Entity
Entity Small Business
Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]
Schedule of Non-Designated Foreign Exchange Forwards and Interest Rate Caps
Loan Portfolio Deferred Net Realized Loss On Investments
Loan portfolio deferred net realized loss on investments.
Net realized loss on investments
Line of credit facility, commitment fee amount
Line of Credit Facility, Commitment Fee Amount
Hedging Designation [Axis]
Hedging Designation [Axis]
Accumulated deficit
Retained Earnings (Accumulated Deficit)
Atlas SP [Member]
Atlas SP.
Atlas Facility
General CECL allowance, % of amortized cost
General Allowance For Credit Loss As Percent Of Amortized Cost
General allowance for credit loss as percent of amortized cost.
Preferred Stock
Preferred Stock [Member]
Purchase Agreement [Member]
Purchase agreement.
Purchase Agreement
Increase (Decrease) From Paid-In-Kind
Increase (Decrease) From Paid-In-Kind
Proceeds received from payment-in-kind interest
Share-Based Payments
Share-Based Payment Arrangement [Text Block]
Termination fee, percent fee of base management fee
Termination Fee, Percent Fee of Base Management Fee
Termination Fee, Percent Fee of Base Management Fee
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Effect of dilutive securities - convertible notes (in shares)
Incremental Common Shares Attributable to Dilutive Effect of Conversion of Debt Securities
Recognized gain (loss) on termination
Gain Loss On Termination Of Derivative
Gain loss on termination of derivative.
Floating Rate Loan
Floating Rate Loan [Member]
Floating Rate Loan [Member]
Amendment Flag
Amendment Flag
Impairment of real estate
Impairment of Real Estate
Product and Service [Domain]
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Securitization or Asset-Backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Reimbursement Of Expenses
Reimbursement of expenses.
Reimbursement of expenses
Mortgage loans on real estate, commercial and consumer, percentage of portfolio
Mortgage Loans On Real Estate, Commercial And Consumer, Percentage Of Portfolio
Mortgage Loans on Real Estate, Commercial and Consumer, Percentage of Portfolio
Maximum Month-End Balance
Line of Credit Facility, Maximum Month-end Outstanding Amount
Write-offs, specific CECL allowance, funded
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, Total
Realized loss from sale of mortgage loan receivable
Gross write-offs
Write-offs, specific CECL allowance, funded
Write-offs, specific CECL allowance
Liabilities and Stockholders' Equity
Liabilities and Equity [Abstract]
Entity Address, Postal Zip Code
Entity Address, Postal Zip Code
Net cash provided by operating activities
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation
3
Substandard [Member]
General CECL Allowance writeoff
Financing Receivable Funded and Unfunded Credit Loss Write Off
Financing receivable funded and unfunded credit loss write off.
Segment Reporting, CODM, Profit (Loss) Measure, How Used, Description
Common Stock [Member]
Common Stock
Less than 1 year
Long-Term Debt, Maturity, Year One
Amortized cost of loans in cost recovery
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss, Total
Carrying value, beginning balance
Carrying value, ending balance
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss
Amortization of Debt Discount (Premium)
Amortization of discount/premium, deferred fees and payment-in-kind interest
Balance
Borrowings outstanding
Secured Debt, Total
Secured debt arrangements, net
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-Sale [Line Items]
Amortization of fees
Loan Portfolio Deferred Fee Amortization
Loan portfolio deferred fee amortization.
Portion at Fair Value Measurement [Member]
Portion at Fair Value Measurement [Member] [Default]
Entity Address, Address Line One
Entity Address, Address Line One
Change in Accounting Principle, Accounting Standards Update, Immaterial Effect [true false]
Debt Instrument Covenant, Debt To Tangible Net Worth Ratio Maximum
Debt instrument covenant, debt to tangible net worth ratio maximum.
Debt instrument covenant, debt to tangible net worth ratio maximum
Fair Value Hierarchy and NAV [Axis]
Fair Value Hierarchy and NAV [Axis]
Earnings Per Share [Abstract]
Net income per share of common stock:
GBP London Interbank Offered Rate (LIBOR)
GBP London Interbank Offered Rate (LIBOR) [Member]
GBP London Interbank Offered Rate (LIBOR) [Member]
Supplemental Cash Flow Information [Abstract]
Supplemental disclosure of cash flow information:
Commitment amount percentage
Commitment amount percentage.
Commitment amount percentage
Net Amounts of Assets Presented in our Condensed Consolidated Balance Sheet
Gross Amounts of Recognized Assets
Derivative assets
Derivative assets, net
Name of Property [Axis]
Name of Property [Axis]
Schedule of Securitization or Asset-backed Financing Arrangements, Financial Asset for which Transfer is Accounted as Sale [Table]
Schedule of Securitization or Asset-Backed Financing Arrangements, Financial Asset for which Transfer is Accounted as Sale [Table]
Balance Sheet Location [Axis]
Statement of Financial Position Location, Balance [Axis]
Management fees to related party
Management fees to related party
Management Fee Expense
Repayments of senior secured term loan principal
Repayments of Senior Debt
Repayments of Senior Debt, Total
Repayments of senior secured term loan principal
Land
Land
Schedule of Mortgage Loans on Real Estate
Schedule of Mortgage Loans on Real Estate [Table Text Block]
Schedule of Mortgage Loans on Real Estate [Table Text Block]
Document Type
Document Type
Collaborative Arrangement and Arrangement Other than Collaborative [Axis]
Real estate investment property, net
Real Estate Investment Property, Net
Total real estate owned, held for investment
Collaborative Arrangement and Arrangement Other than Collaborative [Domain]
Entity Central Index Key
Entity Central Index Key
Line of Credit Facility [Table]
Line of Credit Facility [Table]
Realized Gain (Loss), Foreign Currency Transaction, before Tax
Foreign currency gain
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Excluding Exchange Rate Effect, Including Discontinued Operation
Net increase (decrease) in cash and cash equivalents
Subsequent Event Type [Domain]
Subsequent Event Type [Domain]
Debt related to real estate owned, held for investment, net
Debt Related To Real Estate Owned, Held For Investment, Net, Fair Value Disclosure
Debt Related To Real Estate Owned, Held For Investment, Net, Fair Value Disclosure
Loans And Leases Receivable Additional Gain Loss On Sales Net
Loans and leases receivable additional gain loss on sales net.
Net realized loss additional
Shares from calculation of diluted net income per share (in shares)
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount
Disposal Group Classification [Domain]
Disposal Group Classification [Domain]
Common stock, par value (in dollars per share)
Common Stock, Par or Stated Value Per Share
USD
United States of America, Dollars
Net Income (Loss) Attributable to Parent, Basic
Net Income (Loss) Attributable to Parent, Basic
Net income attributable to common stockholders, basic and diluted
Accounting Standards Update [Domain]
Gain (loss) on foreign currency translation
Loans and Leases Receivable, Net, Foreign Currency Gain (Loss)
Loans and Leases Receivable, Net, Foreign Currency Gain (Loss)
EUR London Interbank Offered Rate (LIBOR)
EUR London Interbank Offered Rate (LIBOR) [Member]
EUR London Interbank Offered Rate (LIBOR) [Member]
Multifamily Property in Miami Gardens, Florida [Member]
Multifamily property in Miami Gardens, Florida.
Multifamily Property in Miami Gardens, Florida
Liabilities [Abstract]
Liabilities:
Base Rate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Credit Quality Indicator [Line Items]
Derivative Instrument Valuation Allowance Held for Sale
Derivative instrument valuation allowance held for sale.
Valuation allowance
Fx contracts - EUR
Euro Member Countries, Euro
Realized Investment Gains (Losses)
Realized Investment Gains (Losses), Total
Net realized loss on investment
Asset Sale [Member]
Asset Sale [Member]
Asset Sale
1 to 3 years
Long-Term Debt, Maturity, Year Two and Three
4
Doubtful [Member]
Financial Covenants One [Member]
Financial Covenants One.
Financial Covenants Equity Issuance After March 31, 2017
Debt Disclosure [Abstract]
Debt Disclosure [Abstract]
Germany
GERMANY
Derivative [Table]
Derivative [Table]
Proceeds from Sale, Loan, Held-for-Sale
Proceeds from Sale, Loan, Held-for-Sale, Total
Loans sold
Loans sold
Schedule of Gross Asset and Liability Amounts Related to Derivatives
Schedule of Derivative Instruments [Table Text Block]
Estimate of Fair Value
Estimate of Fair Value Measurement
Estimate of Fair Value Measurement [Member]
Derivative notional amount
Aggregate Notional Amount (in thousands)
Derivative, Notional Amount
Debt instrument, covenant, interest coverage ratio, minimum
Debt Instrument, Covenant, Interest Coverage Ratio, Minimum
Debt Instrument, Covenant, Interest Coverage Ratio, Minimum
Ownership [Domain]
Ownership [Domain]
Hotel - Atlanta, GA
Hotel - Atlanta, GA [Member]
Hotel - Atlanta, GA
Current Fiscal Year End Date
Current Fiscal Year End Date
Schedule of Long-term Debt Instruments [Table]
Schedule of Long-Term Debt Instruments [Table]
Document Quarterly Report
Document Quarterly Report
Receivables [Abstract]
Receivables [Abstract]
Entity Address, State or Province
Entity Address, State or Province
Outstanding, beginning balance (in shares)
Outstanding, ending balance (in shares)
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number
Investment, Name [Domain]
Investment, Name [Domain]
Year One [Member]
Year One [Member]
2026
Preferred stock, shares outstanding
Stockholders' equity, beginning balance (in shares)
Stockholders' equity, ending balance (in shares)
Preferred Stock, Shares Outstanding
Real Estate [Line Items]
Real Estate [Line Items]
Geographical [Axis]
Geographical [Axis]
Line of Credit Facility, Lender [Domain]
Line of Credit Facility, Lender [Domain]
Internal Credit Assessment [Axis]
Internal Credit Assessment [Axis]
Carrying Value
Total
Principal balance
Principal value, beginning balance
Principal value, ending balance
Collateral pledged under secured debt arrangements
MUFG Facility
MUFG Facility [Member]
MUFG Facility
Other Europe
Other Europe [Member]
Other Europe
Subsequent Event
Subsequent Event [Member]
Participating Mortgage Loans [Line Items]
Participating Mortgage Loans [Line Items]
Interest Expense, Operating, Total
Interest Expense, Operating
Interest expense
Interest expense
Debt instrument, amortization period
Debt Instrument, Amortization Period
Debt Instrument, Amortization Period
Financing receivable unfunded credit loss write off.
Quarter writeoff, General CECL allowance, unfunded
Financing Receivable Unfunded Credit Loss Write Off
Specific CECL allowance increased
Specific Allowance For Credit Loss Increase Decrease
Specific allowance for credit loss increase decrease.
Specific CECL Allowance
Antidilutive Securities [Axis]
Antidilutive Securities [Axis]
Real Estate Owned, Held for Investment
Real Estate Owned, Held for Investment
Real Estate Owned, Held for Investment [Member]
Net realized loss on investments
Realized loss on investment net.
Realized Loss on Investment Net
Realized loss on investments
Interest expense debt
Interest Expense, Debt, Total
Interest expense
Interest Expense, Debt
Debt Instrument, Unamortized Discount
Unamortized Issuance Discount
Related Party Transaction [Axis]
Related Party Transaction [Axis]
Number of loans
Loans And Leases Receivable Including Note Receivable held for sale Number Of Contracts
Loans And Leases Receivable Including Note Receivable held for sale Number Of Contracts.
Derivative liabilities, net
Derivative Liability, Total
Derivative Liability
Participating Mortgage Loans [Table]
Participating Mortgage Loans [Table]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Debt Instrument, Covenant, Debt to Total Assets Maximum Percentage
Debt instrument, covenant, debt to total assets maximum percentage.
Debt instrument, covenant, debt to total assets maximum percentage
Loans and leases receivable of written off.
Loans and Leases Receivable of Written Off
Loans and leases receivable of written off
Debt instrument, covenant, net worth threshold
Debt Instrument, Covenant, Net Worth Threshold
Debt Instrument, Covenant, Net Worth Threshold
Residential For Sale [Member]
Residential for sale.
Residential-for-Sale
Preferred Stock, Value, Issued
Preferred stock, $0.01 par value, 50,000,000 shares authorized, Series B-1, 6,770,393 shares issued and outstanding ($169,260 liquidation preference) in 2026 and 2025 (see Note 15)
Two Thousand Thirty Term Loan [Member]
Two Thousand Thirty Term Loan.
2030 Term Loan
Debt Instrument, Maturity Date
Maturity Date
Minimum [Member]
Minimum
Revenue from real estate owned operations
Revenue Not from Contract with Customer, Excluding Interest Income
Gross Amount of Recognized Assets
Derivative Asset, Subject to Master Netting Arrangement, before Offset
Straight Line Rent Amortization
Straight line rent amortization.
Straight-line rent amortization
Straight-line rent amortization
Add-on loan fundings
Add-on loan fundings
Payments to Purchase Loans Add on Fundings
Payments to purchase loans add on fundings.
Level III
Fair Value, Inputs, Level 3 [Member]
General CECL allowance increased
General Allowance For Credit Loss Increase Decrease
General allowance for credit loss increase decrease.
Segment Reporting [Abstract]
Dividends declared (in dollars per share)
Dividends declared on preferred stock (in dollars per share)
Preferred Stock, Dividends Per Share, Declared
General CECL allowance
General CECL Allowance
Allowance reserve
Allowance for Loan and Lease Losses, Real Estate
Other Assets, Miscellaneous, Total
Other
Other Assets, Miscellaneous
Related Party Transactions [Abstract]
Related Party Transactions [Abstract]
Operating loss carryforwards
Operating Loss Carryforwards
Schedule of Loan Portfolio
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
Commitments and Contingencies
Commitments and Contingencies (see Note 16)
Common stock, shares delivered (in shares)
Shares Issued, Shares, Share-Based Payment Arrangement, after Forfeiture
Capital increase (decrease) related to Equity Incentive Plan, Shares
Carrying value, net
Mortgage loans on real estate, commercial and consumer, net
Commercial mortgage loans, net
Carrying value, net
Floating rate
Weighted average rate
Debt Instrument, Basis Spread on Variable Rate
Preferred stock dividend percentage
Preferred Stock, Dividend Rate, Percentage
Total Term Loans
Total Term Loans [Member]
Total Term Loans
Granted
Share-Based Compensation Arrangement by Share-Based Payment Award, Grants in Period, Intrinsic Value
Share-based compensation arrangement by share-based payment award, grants in period, intrinsic value.
Deferred fees and other items
Loans and Leases Receivable, Deferred Income, Period Increase
Loans and Leases Receivable, Deferred Income, Period Increase
VIE
Variable Interest Entity, Primary Beneficiary [Member]
SEK London Interbank Offered Rate (LIBOR)
SEK London Interbank Offered Rate (LIBOR) [Member]
SEK London Interbank Offered Rate (LIBOR)
Bank of America, N.A.
Bank of America, N.A. [Member]
Bank of America, N.A.
Financing receivable, pledged status
Financing Receivable, Pledged Status [Extensible Enumeration]
Net interest income
Interest Income (Expense), Operating
Payments to Acquire Equity Method Investments
Contributions to equity method investment
Repayments of Senior Secured Notes
Repayments of senior secured notes.
Repayments of senior secured notes
Effect of dilutive securities - potentially issuable shares (in shares)
Incremental Common Shares Attributable to Dilutive Effect of Contingently Issuable Shares
Line of credit facility, periodic payment, interest
Line of Credit Facility, Periodic Payment, Interest
Long-term Debt, Type [Domain]
Long-Term Debt, Type [Domain]
Line of credit facility, option to extend, period
Line of Credit Facility, Option To Extend, Period
Line of Credit Facility, Option To Extend, Period
Basic weighted-average shares of common stock outstanding
Weighted Average Number of Shares Outstanding, Basic
Office
Office [Member]
Office [Member]
Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table]
Schedule of Share-Based Compensation Arrangements by Share-Based Payment Award [Table]
Long-Lived Tangible Asset [Domain]
Long-Lived Tangible Asset [Domain]
Loan repayments and sale
Loan repayments
Proceeds From Collection Of Mortgage Loans
Proceeds from collection of mortgage loans.
Accrued interest payable
Interest Payable
Commercial Mortgage Loans, Subordinate Loans and Other Lending Assets, Net
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Text Block]
Subsequent Events
Subsequent Events [Text Block]
Specific CECL Allowance
Allowance for Loan and Lease Losses [Roll Forward]
Commercial mortgage loans, net
Loans Receivable, Fair Value Disclosure
Carrying Value
Long-Term Debt
Carrying Value
Secured debt arrangements, net (net of deferred financing costs of $1.1 million)
Related Party Transactions
Related Party Transactions Disclosure [Text Block]
Financing receivable, loan in process
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process
Capital increase (decrease) related to Equity Incentive Plan
APIC, Share-Based Payment Arrangement, Increase for Cost Recognition
Borrowings outstanding
Securities Sold under Agreements to Repurchase
Securities Sold under Agreements to Repurchase, Total
Variable Rate [Domain]
Variable Rate [Domain]
Total Stockholders' Equity
Stockholders' equity, beginning balance
Stockholders' equity, ending balance
Equity, Attributable to Parent
Preferred stock, par value (in dollars per share)
Preferred Stock, Par or Stated Value Per Share
Schedule of Assets and Liabilities
Schedule of Variable Interest Entities [Table Text Block]
Limited Liability Company
Limited Liability Company [Member]
Basis of Presentation
Basis of Accounting, Policy [Policy Text Block]
Interest rate caps and swaps
Interest Rate Cap and Swap [Member]
Interest Rate Cap and Swap [Member]
Balance
Loan, Held-in-Portfolio, Principal Outstanding
Loan, Held-in-Portfolio, Principal Outstanding, Total
Principal balance expected to repay
Furniture Fixtures and Equipment
Furniture Fixtures and Equipment [Member]
Furniture Fixtures and Equipment
Statement of Stockholders' Equity [Abstract]
Statement of Stockholders' Equity [Abstract]
Financing Receivable, Funded, Allowance for Credit Loss
Financing Receivable, Funded, Allowance for Credit Loss
Beginning balance, General CECL Allowance, Funded
Ending balance, General CECL Allowance, Funded
Equity Method Investments
Equity method investment
Equity method investment
Internal Credit Assessment [Domain]
Internal Credit Assessment [Domain]
Incentive Fee Payable
Incentive Fee Payable
Gain (Loss), Foreign Currency Transaction, before Tax
Foreign currency translation gain
Foreign currency translation gain
Entity Address, Address Line Two
Entity Address, Address Line Two
Fair Value Disclosure
Fair Value Disclosures [Text Block]
Net realized loss on investments
Realized Gain Loss On Investment Net
Realized gain (loss) on investment, net.
Netherlands
NETHERLANDS
Joint venture
Joint venture [Member]
Joint venture
Derivative, interest rate
Derivative, Interest Rate
Derivative, interest rate.
Debt Instrument, Name [Domain]
Debt Instrument, Name [Domain]
Supplemental disclosure of non-cash investing and financing activities:
Noncash Investing and Financing Items [Abstract]
Discount Rate
Measurement Input, Discount Rate [Member]
Office Building - London
Office Building - London [Member]
Office Building - London
Income (Loss) from Equity Method Investments
Income from equity method investment
Net gain on equity method investment
Income from equity method investment
Loss from equity method investment
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Segment Reporting, CODM, Individual Title and Position or Group Name [Extensible Enumeration]
Proceeds from pre-payment penalties or accelerated fees
Proceeds From Pre-payment Penalties
Proceeds From Pre-payment Penalties
Weighted average haircut under repurchase agreements
Secured Debt Arrangements Weighted Average Haircut
Secured debt arrangements weighted average haircut.
5
Unlikely to be Collected Financing Receivable [Member]
Plan Name [Domain]
Plan Name [Domain]
Other assets
Increase (Decrease) in Other Operating Assets
Churchill
Churchill [Member]
Churchill
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Building
Building [Member]
Credit Facility [Axis]
Credit Facility [Axis]
Equity Method Investment, Ownership Percentage
Equity method investment, ownership percentage
Balance
Security Sold under Agreement to Repurchase, Subject to Master Netting Arrangement, before Offset
Churchill Facility
Churchill Facility [Member]
Churchill Facility
Related Party [Axis]
Related and Nonrelated Parties [Axis]
Average Month-End Balance
Line of Credit Facility, Average Outstanding Amount
Accrued dividends payable
Dividends Payable, Including Preferred Stock Dividends
Dividends Payable, Including Preferred Stock Dividends
Period of termination
Related party Transaction, Termination Notice Period
Related party Transaction, Termination Notice Period
Residential-for-Sale - Manhattan, NY
Residential - Manhattan, NY [Member]
Residential - Manhattan, NY
Entity Address, City or Town
Entity Address, City or Town
Italy
ITALY
Repurchase of common stock, Shares
Repurchase of common stock, Shares
Stock Repurchased During Period, Shares
JV Partner
JV Partner [Member]
JV Partner
General CECL Allowance
Financing Receivable Allowance for Credit Loss Funded And Unfunded
Financing receivable allowance for credit loss funded and unfunded.
Beginning balance, General CECL Allowance
Ending balance,General CECL Allowance
Number of reporting segment
Number of Reportable Segments
Security Exchange Name
Security Exchange Name
Measurement Input, Cap Rate
Measurement Input, Cap Rate [Member]
Credit Facility [Domain]
Credit Facility [Domain]
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]
Debt instrument, extension term
Debt Instrument, Extension Term
Debt Instrument, Extension Term
Unfunded loan commitments
Mortgage Loans on Real Estate, Commitment to Lend, Unfunded Amount
Mortgage Loans on Real Estate, Commitment to Lend, Unfunded Amount
Principal Amount
Long-Term Debt, Gross
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest
Net income before taxes
Debt instrument, covenant, unencumbered liquidity, threshold
Debt Instrument, Covenant, Unencumbered Liquidity, Threshold
Debt Instrument, Covenant, Unencumbered Liquidity, Threshold
Financing Receivable Additional Excluding Accrued Interest Allowance For Credit Loss Writeoff
Financing receivable additional excluding accrued interest allowance for credit loss writeoff.
Write-offs, additional specific CECL allowance
Real Estate [Abstract]
Measurement Input Type [Domain]
Measurement Input Type [Domain]
Antidilutive Securities, Name [Domain]
Antidilutive Securities, Name [Domain]
Cash and cash equivalents beginning of period
Cash and cash equivalents end of period
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation
Interest paid
Interest Paid, Excluding Capitalized Interest, Operating Activity
Measurement Basis [Axis]
Measurement Basis [Axis]
Statistical Measurement [Domain]
Statistical Measurement [Domain]
General allowance for credit loss liability on unfunded
General Allowance For Credit Loss Liability On Unfunded
General allowance for credit loss liability on unfunded
Stock-based compensation expense
Recognized stock-based compensation expense
General and administrative expenses, equity-based compensation
Document Period End Date
Document Period End Date
Fair Value, Measurements, Fair Value Hierarchy [Domain]
Fair Value Hierarchy and NAV [Domain]
Year 5
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year
SEK
Sweden, Kronor
Financing receivable, construction and finance costs capitalized
Financing Receivable, Construction And Finance Costs Capitalized
Financing Receivable, Construction And Finance Costs Capitalized
Prior
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year
Participating Securities, Distributed and Undistributed Earnings (Loss), Basic
Less: Dividends on participating securities
Statement of Financial Position [Abstract]
Statement of Financial Position [Abstract]
Restricted Stock Units (RSUs) [Member]
Restricted Stock Unit
RSUs
Line of Credit
Line of Credit [Member]
Deferred fees and other items
Loan Portfolio Deferred Fees Other Items
Loan portfolio deferred fees other items.
Other
Other Property [Member]
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table]
Antidilutive Security, Excluded EPS Calculation [Table]
Recourse, percentage
Debt Instrument, Covenant, Liquidity Ratio Required, Minimum
Debt Instrument, Covenant, Liquidity Ratio Required, Minimum
Class of Stock [Axis]
Class of Stock [Axis]
Deferred Tax Liabilities, Net
Deferred Tax Liabilities, Net, Total
Deferred income tax liability
Debt related to real estate owned, held for investment, gross of deferred financing costs
Debt Related To Real Estate Owned Held For Investment Gross Of Deferred Financing Costs
Debt related to real estate owned held for investment gross of deferred financing costs.
Weighted-average expected term
Loans And Leases, Receivable Weighted Average Expected Maturity
Loans And Leases, Receivable Weighted Average Expected Maturity
Not Designated as Hedging Instrument
Not Designated as Hedging Instrument [Member]
Total Liabilities
Liabilities
JP Morgan Chase, DB Repurchase Facility, Goldman Sachs, Credit Suisse and HSBC Facilities
JP Morgan Chase, DB Repurchase Facility, Goldman Sachs, Credit Suisse, Barclays Facility And HSBC Facilities [Member]
JP Morgan Chase, DB Repurchase Facility, Goldman Sachs, Credit Suisse, Barclays Facility And HSBC Facilities [Member]
Financing Receivable Loan Decrease to Specific Credit Loss Allowance Net
Financing receivable loan decrease to specific credit loss allowance net.
Decrease in Specific CECL Allowance
Equity Method Investments [Policy Text Block]
Equity Method Investments
Number of Shares:
Earnings Per Share, Diluted, Other Disclosure [Abstract]
All Currencies [Domain]
All Currencies [Domain]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) [Line Items]
Schedule of Carrying Value of Loan Portfolio Based on Internal Risk Ratings
Financing Receivable Credit Quality Indicators [Table Text Block]
Restricted Stock
Restricted Stock [Member]
Foreign currency forward, net
Foreign Exchange Forward
Foreign Exchange Forward [Member]
Variable Rate [Axis]
Variable Rate [Axis]
Diluted weighted-average shares of common stock outstanding
Weighted Average Number of Shares Outstanding, Diluted
Entity File Number
Entity File Number
Dividends on common stock
Payments of Ordinary Dividends, Common Stock
Real Estate Investment Financial Statements, Disclosure [Table Text Block]
REO Financial Statements
Accounts payable, accrued expenses and other liabilities
Accounts Payable Accrued Expenses And Other Liabilities
Accounts payable accrued expenses and other liabilities.
Other assets
Other Assets
Total
Derivative Instruments, Gain (Loss) [Table Text Block]
Schedule of Amounts Recognized on Condensed Consolidated Statements of Operations Related to Company's Derivatives
Cover [Abstract]
Cover [Abstract]
General Business Tax Credit Carryforward
General Business Tax Credit Carryforward [Member]
Measurement Input Type [Axis]
Measurement Input Type [Axis]
Forfeitures (in shares)
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Forfeited in Period
Payment of issuance discount
Payment of Issuance Discount
Payment of issuance discount.
2029 Notes
Twenty Twenty Nine Notes [Member]
Twenty Twenty Nine Notes
Note Receivable Held for Sale [Member]
Note Receivable Held for Sale.
Note receivable, held for sale
Derivative, Gain (Loss) on Derivative, Net
Realized gain (loss) on derivative instruments
Derivative, Net Liability Position, Aggregate Fair Value
Derivative net liability position
Debt related to real estate owned, held for investment, net
Debt Related To Real Estate Owned, Held For Investment
Debt Related To Real Estate Owned, Held For Investment
Deferred financing costs
Debt Issuance Costs, Line of Credit Arrangements, Net
Debt Issuance Costs, Line of Credit Arrangements, Net, Total
Accounting Standards Update 2025-05 [Member]
Accounting Standards Update 2025-05 [Member]
ASU 2025-05
Real Estate Acquired Through Foreclosure
Real estate owned, held for investment
Real estate owned, held for investment, net (net of $43,048 and $34,438 accumulated depreciation in 2026 and 2025, respectively)
Mortgages
Mortgages [Member]
Number of shares authorized (in shares)
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized
Number of business segments
Number of Operating Segments
Professional and Contract Services Expense
Professional and Contract Services Expense
Segment Reporting Disclosure [Text Block]
Segment Reporting
General and administrative expense
General and Administrative Expense, Total
General and Administrative Expense
General and administrative expense
General and administrative expenses (includes equity-based compensation of $3,047 and $36,094 in 2026 and $3,400 and $6,830 in 2025, respectively)
Series B Preferred Stock
Series B Preferred Stock [Member]
Hotel
Hotel [Member]
Proceeds from Collection of Subordinate Loans and Other Lending Assets
Proceeds from collection of subordinate loans and other lending assets.
Proceeds received from the repayment of subordinate loans and other lending assets
DB
Deutsche Bank Repurchase Facility
Deutsche Bank Repurchase Facility [Member]
Deutsche Bank Repurchase Facility [Member]
Subsequent Event [Table]
Derivative Assets (Liabilities), at Fair Value, Net, Total
Derivative Assets (Liabilities), at Fair Value, Net
Derivative assets (liabilities)
Other
Other Geographic Locations [Member]
Other Geographic Locations [Member]
Year 4
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year
Two Thousand Twenty Five Term Loan [Member]
Two Thousand Twenty Five Term Loan
2025 Term Loan
Deferring or waiving debt service payments, term
Debt Instrument, Waiving Of Debt Service Payments, Term
Debt Instrument, Waiving Of Debt Service Payments, Term
Santander Facility
Santander Facility [Member]
Santander Facility
Operating Lease, Expense
Operating lease expense
Number of real estate properties
Number of Real Estate Properties
Gain on extinguishment of debt
Gain on extinguishment of debt
Gain (Loss) on Extinguishment of Debt
Gain (Loss) on Extinguishment of Debt, Total
Loss on extinguishment of debt
Realized loss on extinguishment of debt
Financing receivable, excluding accrued interest, after specific allowance for credit loss.
Financing Receivable, Excluding Accrued Interest, after Specific Allowance for Credit Loss
Carrying value, beginning balance
Carrying value, ending balance
Termination fee calculation period
Related Party Transaction, Termination Fee Calculation Period
Related Party Transaction, Termination Fee Calculation Period
Real Estate Owned
Real Estate Owned, Disclosure of Detailed Component [Text Block]
Disclosures related to real estate owned (as defined). Generally, the largest component of real estate owned by lenders is assets taken in settlement of troubled loans through surrender or foreclosure. Real estate investments, real estate loans that qualify as investments in real estate, and premises that are no longer used in operations may also be included in real estate owned.
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Additional Disclosures [Abstract]
Barclays Securitization
Barclays Securitization [Member]
Barclays Securitization [Member]
Property, plant and equipment, useful life
Property, Plant and Equipment, Useful Life
Recent Accounting Pronouncements
New Accounting Pronouncements, Policy [Policy Text Block]
Extension period
Related Party Transaction, Extension Period
Related Party Transaction, Extension Period
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Summary of Grants, Exchanges and Forfeitures of Restricted Stock and RSUs
Share-Based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block]
Derivative Instruments, Gain (Loss) by Hedging Relationship, by Income Statement Location, by Derivative Instrument Risk [Table]
Derivative Instruments, Gain (Loss) [Table]
Remaining unfunded commitment
Debt Instrument, Remaining Unfunded Commitment
Debt Instrument, Remaining Unfunded Commitment
Ownership [Axis]
Ownership [Axis]
Northeast
Northeast [Member]
Northeast [Member]
Gain (loss) on foreign currency translation
Loan Portfolio Deferred Gain Loss Foreign Currency Translation
Loan portfolio deferred gain loss foreign currency translation.
Less: Deferred financing costs
Real Estate Owned, Deferred Financing Costs
Real estate owned, deferred financing costs.
Less: Deferred financing costs
Carrying Value
Reported Value Measurement [Member]
Investment, Type [Extensible Enumeration]
Percentage of base management fee if return on equity is less than 7.5%
Percentage Of Base Management Fee If Return On Equity Is Less Than Seven Point Five Percentage
Percentage of base management fee if return on equity is less than seven point five percentage.
Initial base management fee
Unrecognized stock-based compensation expense
Share-Based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount
Subordinate Loans, Held at Cost, Fair Value
Subordinate loans, held at cost, fair value.
Subordinate loans, net
Common stock, shares outstanding
Stockholders' equity, beginning balance (in shares)
Stockholders' equity, ending balance (in shares)
Common Stock, Shares, Outstanding
Schedule of Overall Statistics for the Loan Portfolio
Schedule of Loans Receivable Statistics [Table Text Block]
Schedule of Loans Receivable Statistics [Table Text Block]
2026 Term Loan
2026 Term Loan [Member]
2026 Term Loan
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Depreciation and amortization on real estate owned
Depreciation and amortization on real estate owned
Depreciation, Depletion and Amortization
Depreciation expense
Depreciation, Depletion and Amortization, Total
Depreciation expense
Document Transition Report
Document Transition Report
Management Agreement
Management Agreement [Member]
Management Agreement
Operating Expenses
Total operating expenses
Mortgage loans
Mortgage, Amortized cost
Principal Balance
JPMorgan
JP Morgan Facility
JP Morgan Chase [Member]
JP Morgan Chase [Member]
Repurchase of common stock
Repurchase of common stock
Payments for Repurchase of Common Stock
Debt instrument, facility feature, period
Debt Instrument, Facility Feature, Period
Debt Instrument, Facility Feature, Period
Unrealized gain (loss) on foreign currency contracts
Unrealized gains (losses) on derivatives
Unrealized loss on derivatives
Unrealized gains (losses) on derivatives
Statement of Cash Flows [Abstract]
Statement of Cash Flows [Abstract]
Interest income from commercial mortgage loans
Interest and Fee Income, Loans, Commercial
Debt instrument, extended maturity period
Debt Instrument, Extended Maturity Period
Debt Instrument, Extended Maturity Period
Preferred stock, liquidation preference
Preferred Stock, Liquidation Preference, Value
Liquidation preference of preferred stock
Stockholders' Equity
Equity [Text Block]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table]
Accounts and Financing Receivables [Table]
Mezzanine Loans
Mezzanine Loans [Member]
Mezzanine Loans [Member]
Net Income (Loss) per Share
Earnings Per Share [Text Block]
Arrangement fees
Arrangement Fees [Member]
Arrangement Fees [Member]
Allowance and Provision for Loan Credit Loss [Roll Forward]
Allowance and Provision for Loan Credit Loss [Roll Forward]
Allowance and Provision for Loan Credit Loss [Roll Forward]
Net lncome
Net income
HSBC Facility [Member]
HSBC Facility
HSBC Facility [Member]
Other income, net
Other Nonoperating Income
Schedule of Outstanding, Maximum and Average Balances of Debt
Schedule of Outstanding, Maximum and Average Balances of Debt [Table Text Block]
Schedule of Outstanding, Maximum and Average Balances of Debt [Table Text Block]
Repayments of secured debt, amortizing percent
Repayments of Secured Debt, Amortizing Percent
Repayments of Secured Debt, Amortizing Percent
Line of Credit Facility [Line Items]
Line of Credit Facility [Line Items]
Number of Contracts
Derivative, Number of Instruments Held
Data Centers [Member]
Data centers.
Data Centers
Assets:
Assets [Abstract]
Repayments of Debt
Repayments of mortgage loan
Name of Property [Domain]
Name of Property [Domain]
CECL allowance
Financing Receivable, Allowance for Credit Loss, Including Loan Specific, Real Estate
Financing Receivable, Allowance for Credit Loss, Including Loan Specific, Real Estate
Operating expenses related to real estate owned
Real Estate Owned, Operating Costs and Expenses
Real Estate Owned, Operating Costs and Expenses
Operating expense
Operating expense
Document Fiscal Year Focus
Document Fiscal Year Focus
Real Estate Investment Property, Accumulated Depreciation
Accumulated Depreciation
Accumulated Depreciation
Expense Reimbursement Letter Agreement [Member]
Expense reimbursement letter agreement.
Expense Reimbursement Letter Agreement
Cash flows from investing activities:
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation [Abstract]
Loans And Leases Receivable Gross Net Realized Loss On Investments
Loans and leases receivable gross net realized loss on investments.
Net realized loss on investments
Deferred fees/other items, beginning
Deferred fees/other items, ending
Financing Receivable, Deferred Commitment Fee
Dividends on preferred stock
Payments of Ordinary Dividends, Preferred Stock and Preference Stock
Schedule of Fair Value, Off-balance Sheet Risks [Table]
Fair Value, off-Balance-Sheet Risk [Table]
Capital increase (decrease) related to Equity Incentive Plan, value
Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture
Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture, Total
Maximum interest coverage ratio, percentage
Debt Instrument, Covenant, Interest Coverage Ratio, Maximum, Percentage
Debt instrument, covenant, interest coverage ratio, maximum.
Quarter writeoff, General CECL allowance, funded
Financing Receivable Funded Credit Loss Write off
Financing receivable funded credit loss write off
Schedule of Net Income from VIE
Schedule of Net Income (Loss) From Variable Interest Entities [Table Text Block]
Schedule of net income (loss) from variable interest entities.
Subordinate Mortgage Portfolio Segment
Subordinate Mortgage Portfolio Segment [Member]
Subordinate Mortgage Portfolio Segment [Member]
Amortization of fees
Loans and Leases Receivable, Gross, Paid-in-Kind Interest, Loan Commitment and Origination Fees, and Discounts or Premiums, Amortization
Loans and Leases Receivable, Gross, Paid-in-Kind Interest, Loan Commitment and Origination Fees, and Discounts or Premiums, Amortization
Allowances (Reversals), net
Financing Receivable, Excluding Accrued Interest, Credit Loss Expense (Reversal)
Reversal of specific CECL allowance
Secured Debt Arrangements
Secured Debt Arrangements, Real Estate Owned, Held For Investment [Member]
Secured Debt Arrangements, Real Estate Owned, Held For Investment
Payable to related party
Other Liabilities
Schedule of Components of Other Assets
Schedule of Other Assets [Table Text Block]
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Abstract]
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Abstract]
Equity method interest in joint venture
Equity method interest in joint venture transferred to other assets.
Equity Method Interest in Joint Venture Transferred to Other Assets
Shares included in calculation of diluted net income per share (in shares)
Shares Included in Calculation of Diluted Net Income Per Share Amount.
Net Income (Loss) Available to Common Stockholders, Basic
Net income available to common stockholders
A&R Management Agreement
Amended and Restated Management Agreement [Member]
Amended and Restated Management Agreement [Member]
Outstanding amount
Long-Term Line of Credit, Total
Long-term line of credit
Long-Term Line of Credit
Debt Instrument [Axis]
Debt Instrument [Axis]
Derivative Instrument [Axis]
Derivative Instrument [Axis]
Share-based Payment Arrangement [Abstract]
Share-Based Payment Arrangement [Abstract]
Residential
Residential [Member]
Residential
Term loans, net
Debt Instrument, Fair Value Disclosure
Debt Instrument, Fair Value Disclosure, Total
Total net revenue
Revenues
Eight Hospitals in Massachusetts
Eight Hospitals In Massachusetts [Member]
Eight hospitals in Massachusetts.
Real Estate Owned Debt
Real estate owned debt.
Total debt related to real estate owned
Total debt related to real estate owned
Interest rate used in calculating weighted-average cash coupon for non-accrual or cost recovery loans
Financing Receivable, Nonaccrual Or Cost Recovery Loans, Weighted Average Interest Rate
Financing Receivable, Nonaccrual Or Cost Recovery Loans, Weighted Average Interest Rate
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation
Net cash provided by (used in) investing activities
Restructuring of subordinate loan to commercial mortgage loan
Restructuring Of Subordinate Loan To Commercial Mortgage Loan
Restructuring of subordinate loan to commercial mortgage loan.
1
Pass [Member]
Less: Earnings attributable to participating securities
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic, Total
Title of 12(b) Security
Title of 12(b) Security
Derivatives
Derivative Instruments and Hedging Activities Disclosure [Text Block]
Remaining authorized repurchase amount
Share Repurchase Program, Remaining Authorized, Amount
Weighted-average remaining fully-extended term
Loans and Leases Receivable, Weighted Average Remaining Term
Loans and Leases Receivable, Weighted Average Remaining Term
Schedule of Activity Related to Loan Investment Portfolio
Schedule of Mortgage Loans on Real Estate Activity [Table Text Block]
Schedule of Mortgage Loans on Real Estate Activity [Table Text Block]
Credit Suisse Facility
CS Facility
Credit Suisse Facility [Member]
Credit Suisse Facility [Member]
Related Party [Domain]
Related and Nonrelated Parties [Domain]
More than 5 years
Long-Term Debt, Maturity, after Year Five
Income Taxes
Income Tax Disclosure [Text Block]
Count
Number Of Mortgage Loans
Number Of Mortgage Loans
Financing Receivable Unfunded Allowance for Credit Loss
Financing receivable unfunded allowance for credit loss.
Ending balance, General CECL Allowance, Unfunded
Beginning balance, General CECL Allowance, Unfunded
Collaborative Arrangement and Arrangement Other than Collaborative [Table]
Unencumbered assets to pariu passau ratio
Unencumbered Assets To Pariu Passau Ratio
Unencumbered assets to pariu passau ratio.
Consolidated Entities [Axis]
Consolidated Entities [Axis]
Changes in operating assets and liabilities:
Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity, Increase (Decrease) in Operating Capital [Abstract]
Income Tax Disclosure [Abstract]
Fair Value, Recurring and Nonrecurring [Table]
Fair Value, Recurring and Nonrecurring [Table]
Amortization, percentage
Total CECL allowance, % of amortized cost
Allowance For Credit Loss As Percent Of Amortized Cost
Allowance for credit loss as percent of amortized cost.
TRS Entities
TRS Entities
TRS Entities [Member]
Additional Paid-In-Capital
Additional Paid-in Capital [Member]
UNITED KINGDOM
United Kingdom
Measurement Frequency [Domain]
Measurement Frequency [Domain]
Share repurchase program, authorized, amount
Senior Notes
Senior Notes [Member]
Southeast
Southeast [Member]
Southeast [Member]
Trading Symbol
Trading Symbol
Senior Housing
Senior housing.
Senior Housing [Member]
Senior Housing Portfolio
Schedule of Related Party Transactions, by Related Party [Table]
Related Party Transaction [Table]
Student Housing
Student Housing [Member]
Student housing.
Subsequent Event Type [Axis]
Subsequent Event Type [Axis]
Currency conversion rate
Debt Instrument, Currency, Conversion Rate
Debt Instrument, Currency, Conversion Rate
Accounts payable, accrued expenses and other liabilities
Increase (Decrease) in Accounts Payable, Accrued Liabilities and Other Liabilities
Increase (Decrease) in Accounts Payable, Accrued Liabilities and Other Liabilities
Specific CECL allowance reversed
Financing Receivable Loan Specific Credit Loss Expense Reversal Net Of Previously Recorded Amount
Financing receivable loan specific credit loss expense reversal net of previously recorded amount.
Schedule of CECL Reserves
Financing Receivable, Allowance for Credit Loss [Table Text Block]
Cash flows from financing activities:
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation [Abstract]
Fair Value, Recurring
Fair Value, Recurring [Member]
Accounts Payable, Accrued Expenses and Other Liabilities
Accounts Payable and Accrued Liabilities Disclosure [Text Block]
Financing Receivable Remaining Allowance And Reversed
Financing receivable remaining allowance and reversed.
Allowance and reversed
Repayments of Mortgages on Real Estate Owned
Repayments of mortgages on real estate owned.
Repayments of mortgages on real estate owned
Preferred stock, liquidation preference per share (in dollars per share)
Preferred Stock, Liquidation Preference Per Share
Financing Receivable Portfolio Segment [Domain]
Financing Receivable Portfolio Segment [Domain]
Net cash proceeds of additional equity issuances, amount
Debt Instrument, Covenant, Net Cash Proceeds Of Additional Equity Issuances, Amount
Debt Instrument, Covenant, Net Cash Proceeds Of Additional Equity Issuances, Amount
Real Estate Owned, Loan Payable
Real estate owned, loan payable.
Loan Payable
Equity Components [Axis]
Equity Components [Axis]
Other Real Estate Operations Income
Other real estate operations income.
Hotel Revenue
Equity Component [Domain]
Equity Component [Domain]
Tangible net worth, percentage
Debt Instrument, Covenant, Tangible Net Worth, Percentage
Debt Instrument, Covenant, Tangible Net Worth, Percentage
Other Real Estate
Other Real Estate
Other Real Estate, Total
Other Real Estate, Beginning Balance
Other Real Estate, Ending Balance
Minimum unrestricted cash
Debt Instrument, Covenant, Liquidity Required, Minimum, Amount
Debt Instrument, Covenant, Liquidity Required, Minimum, Amount
Commercial Mortgage and Subordinated Portfolio Segment
Commercial Mortgage and Subordinated Portfolio Segment [Member]
Commercial Mortgage and Subordinated Portfolio Segment [Member]
Common Stock
Common Stock, All Classes [Member]
Common Stock, All Classes [Member]
Percentage of secured debt that is recourse debt
Debt Instrument, Recourse Debt, Percent
Debt Instrument, Recourse Debt, Percent
Derivative, Fair Value, Net
Net Amounts of Assets Presented in our Condensed Consolidated Balance Sheet
Deferred Financing Costs Accrued Not Yet Paid
Deferred financing costs accrued not yet paid.
Deferred financing costs accrued, not yet paid
Deferred financing costs accrued, not yet paid
Allowance and Provision for Loan Credit Loss [Abstract]
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Maximum
Maximum [Member]
Statistical Measurement [Axis]
Statistical Measurement [Axis]
Granted
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Grant Date Fair Value
Share based compensation arrangement by share based payment award equity instruments other than options grants In period grant date fair value.
Year 3
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year
Common Stock, Value, Issued
Common stock, $0.01 par value, 450,000,000 shares authorized, 128,212,093 and 138,943,831 shares issued and outstanding in 2026 and 2025, respectively
Financing Receivable, Allowance for Credit Loss [Table]
Financing Receivable, Allowance for Credit Loss [Table]
Decrease in valuation allowance, loans and other lending assets held for sale
Valuation Allowance, Loans and Other Lending Assets Held for Sale, Expense (Reversal)
Valuation allowance, loans and other lending assets held for sale, expense (reversal).
Secured Overnight Financing Rate (SOFR)
Secured Overnight Financing Rate (SOFR) [Member]
Real Estate Owned Policy PolicyTextBlock
Real estate owned policy.
Real Estate Owned, Held for Investment
Less: Preferred dividends
Preferred dividends
Preferred Stock Dividends, Income Statement Impact
Tax Credit Carryforward [Axis]
Tax Credit Carryforward [Axis]
Add-on funding of commercial mortgage loans
Additional Payments to Fund Commercial Mortgage Loans
Additional payments to fund commercial mortgage loans.
Additional payment for commercial mortgage loans
Gain (loss) on sale of derivatives
Gain (loss) on sale of derivatives
Gain (Loss) on Sale of Derivatives
Year 1
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year
Percentage of Portfolio
Percentage of Portfolio
Percentage of Portfolio
Amortization of deferred financing costs
Amortization of Debt Issuance Costs
Two Thousand Twenty Eight Term Loan [Member]
Two Thousand Twenty Eight Term Loan.
2028 Term Loan
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Preferred stock, shares authorized
Preferred Stock, Shares Authorized
Schedule of Weighted Average Maturities and Interest Rates of Borrowings
Schedule of Debt [Table Text Block]
Payment of withholding tax on RSU delivery
Payment, Tax Withholding, Share-Based Payment Arrangement
Lender Name [Axis]
Lender Name [Axis]
Schedule of Dividends Activity
Schedule of Dividends Payable [Table Text Block]
Accounts payable and other liabilities
Accounts Payable and Other Accrued Liabilities
Related Party Transaction [Line Items]
Related Party Transaction [Line Items]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Entity Registrant Name
Entity Registrant Name
Senior Secured Notes, Net
Secured Debt Arrangement, Net/Participations Sold
Debt Disclosure [Text Block]
Senior Secured Term Loans, Net
Total CECL Allowance, writeoff
Financing Receivable Allowance for Credit Loss Write Off
Financing receivable allowance for credit loss write off.
Morgan Stanley Facility
Morgan Stanley [Member]
Morgan Stanley.
Depreciation
Depreciation expense
Depreciation Expense on Reclassified Assets
Treasury Stock, Shares, Acquired
Repurchase of common stock, shares
Increase in Specific CECL Allowance, net.
Financing Receivable Loan Increase to Specific Credit Loss Allowance Net
Decrease in Specific CECL Allowance
Subsequent Events [Abstract]
Subsequent Events [Abstract]
Other Assets
Other Assets Disclosure [Text Block]
Consolidated Entities [Domain]
Consolidated Entities [Domain]
Urban Predevelopment
Urban Predevelopment [Member]
Urban Predevelopment [Member]
Income tax provision
Income tax provision
Income Tax Expense (Benefit)
Unfunded commitments
General CECL allowance on unfunded commitments
Off-balance sheet, credit loss, liability
Beginning balance, General CECL allowance, unfunded
Ending balance, General CECL allowance, unfunded
Off-Balance-Sheet, Credit Loss, Liability
Measurement Frequency [Axis]
Measurement Frequency [Axis]
Repurchase of common stock
Repurchase of common stock
Stock Repurchased During Period, Value
Accounts payable, accrued expenses and other liabilities
Accounts Payable, Accrued Liabilities and Other Liabilities Of Real Estate Owned
Accounts Payable, Accrued Liabilities and Other Liabilities Of Real Estate Owned
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Year Three [Member]
Twenty Twenty Three [Member]
2028
Entity Common Stock, Shares Outstanding
Entity Common Stock, Shares Outstanding
Disposal Group Classification [Axis]
Disposal Group Classification [Axis]
Construction Financing
Construction Financing [Member]
Construction Financing
Effect of dilutive securities - convertible notes (in shares)
Earnings Per Share, Potentially Dilutive Securities
Financing Receivable, Total Allowance for Credit Loss [Roll Forward]
Financing Receivable, Total Allowance for Credit Loss [Roll Forward]
Financing Receivable, Total Allowance for Credit Loss [Roll Forward]
Granted (in shares)
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period
Assets
Total Assets
Property, Plant and Equipment [Table]
A 2030 Term Loan [Member]
A 2030 term loan.
2030 Term Loan
Class of Financing Receivable [Domain]
Class of Financing Receivable [Domain]
Income Statement [Abstract]
Income Statement [Abstract]
Chicago Hotel [Member]
Chicago Hotel
Chicago hotel.
Interest Rate Cap [Member]
Interest rate cap
Financial Covenants Two [Member]
Financial Covenants Two.
Financial Covenants Equity Issuance After June 30, 2025
Weighted Average
Weighted Average [Member]
Valuation allowance, loan held for sale
Realized loss from sale of mortgage loan receivable
Loans and leases receivable, gain (loss) on sales, net
Loans and Leases Receivable, Gain (Loss) on Sales, Net
Southwest
Southwest [Member]
Southwest
Vested (in shares)
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period
Earnings Per Share, Diluted
Diluted
Dividends, Common Stock
Dividends declared on common stock
City Area Code
City Area Code
Capital Loss Carryforward
Capital Loss Carryforward [Member]
Decrease (increase) in current expected credit loss allowance, net
Financing Receivable, Credit Loss, Expense (Reversal)
Decrease (increase) in current expected credit loss allowance, net
Decrease (Increase) in current expected credit loss allowance, net
Increase (decrease) in current expected credit loss allowance, net
Secured Credit Facilities and Revolving Credit Facility [Member]
Secured Credit Facilities and Revolving Credit Facility.
Secured Credit Facilities and Revolving Credit Facility
Proceeds received from the repayment and sale of commercial mortgage loans
Proceeds from Sale and Collection of Mortgage Notes Receivable
Assuming Conversion Into USD
Total
Accounts payable, accrued expenses and other liabilities
Accounts Payable, Accrued Liabilities and Other Liabilities
Accounts Payable, Accrued Liabilities and Other Liabilities
3 to 5 years
Long-Term Debt, Maturity, Year Four and Five
Debt instrument, face amount
Debt Instrument, Face Amount
Principal amount
JP Morgan Chase, DB Repurchase Facility, Goldman Sachs, Credit Suisse, Barclays Facility, HSBC Facilities And Barclays Securitization
JP Morgan Chase, DB Repurchase Facility, Goldman Sachs, Credit Suisse, Barclays Facility, HSBC Facilities And Barclays Securitization [Member]
JP Morgan Chase, DB Repurchase Facility, Goldman Sachs, Credit Suisse, Barclays Facility, HSBC Facilities And Barclays Securitization [Member]
Maximum amount of borrowings
Line of Credit Facility, Maximum Borrowing Capacity
Aggregate commitments
Debt maturity month and year.
Debt Maturity Month and Year
Financing Receivable, General Allowance, Allowance for Credit Loss [Roll Forward]
Financing Receivable, General Allowance, Allowance for Credit Loss [Roll Forward]
Financing Receivable, General Allowance, Allowance for Credit Loss [Roll Forward]
Number of shares vesting
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options Expected to Vest
Share based compensation arrangement by share based payment award equity instruments other than options expected to vest.
Secured debt arrangements, net
Lines of Credit, Fair Value Disclosure
Real Estate [Domain]
Real Estate [Domain]
Financing Receivable Current Expected Credit Loss Allowance
Financing receivable current expected credit loss allowance.
Beginning balance, Total CECL Allowance
Ending balance, Total CECL Allowance
Award Date [Axis]
Award Date [Axis]
Letter of Credit
Letter of Credit [Member]
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Payments to Develop Real Estate Assets
Capital expenditures on real estate owned assets
Debt instrument, issuance price as a percentage
Debt Instrument, Discount Rate At Issuance Of Face Value
Debt Instrument, Discount Rate At Issuance Of Face Value
Award Date [Domain]
Award Date [Domain]
Other assets collateral deposited under derivative agreements.
Other Assets Collateral Deposited under Derivative Agreements
Collateral deposited under derivative agreements
Accumulated Deficit
Retained Earnings [Member]
Real estate owned, accumulated depreciation
Real Estate Owned, Accumulated Depreciation
General and administrative expenses, equity-based compensation
Employee Benefits and Share-Based Compensation
Real Estate Investment, Measurement Input
Real estate investment, measurement input
Real Estate Investment, Measurement Input
Equity-based compensation
Share-Based Payment Arrangement, Noncash Expense
Allowances (Reversals), net
Financing Receivable, Funded, Credit Loss, Expense (Reversal)
Financing Receivable, Funded, Credit Loss, Expense (Reversal)
LTIP
2009 Equity Incentive Plan (LTIP) [Member]
2009 Equity Incentive Plan (LTIP) [Member]
Allowances (Reversals), net
Financing Receivable Unfunded Credit Loss Expense Reversal
Financing receivable unfunded credit loss expense reversal.
Level I
Fair Value, Inputs, Level 1 [Member]
Class of Stock [Line Items]
Class of Stock [Line Items]
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation
Net cash provided by (used in) financing activities
Weighted-Average Years to Maturity
Derivative, Average Remaining Maturity
Loan proceeds held by servicer
Other Assets Loan Proceeds Held By Servicer
Other assets loan proceeds held by servicer.
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]
Add-on funding of subordinate loans
Additional Payments to Fund Subordinate Loans
Additional payments to fund subordinate loans.
Industrial Property
Industrial Property [Member]
Secured Debt
Secured Debt [Member]
Derivative Contract [Domain]
Derivative Contract [Domain]
Percentage Of Base Management Fee If Return On Equity Is Equal Or Exceeds Than Seven Point Five Percentage
Percentage of base management fee if return on equity is equal or exceeds than seven point five percentage.
Percentage of base management fee if return on equity is equal or exceeds than 7.5%
Organization
Organization Disclosure [Text Block]
Organization disclosure.
Debt Securities, Available-for-sale [Table]
Debt Securities, Available-for-Sale [Table]
Entity Interactive Data Current
Entity Interactive Data Current
Year 2
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year
Derivative, cap interest rate
Derivative, Cap Interest Rate
Fair Value Measurement [Domain]
Fair Value Measurement [Domain]
Cash flows from operating activities:
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation [Abstract]
Furniture and Fixtures [Member]
Furniture, Fixtures and Equipment
Payment in kind interest
Paid-in-Kind Interest
Mid-Atlantic [Member]
Mid-Atlantic
Mid-Atlantic
Real Estate, Type of Property [Axis]
Real Estate, Type of Property [Axis]
Proceeds related to financing on real estate owned
Proceeds from mortgage related to real estate owned
Proceeds From Mortgage Related To Real Estate Owned
Proceeds From Mortgage Related To Real Estate Owned
Financing Receivable, Unfunded, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Unfunded, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Unfunded, Allowance for Credit Loss [Roll Forward]
Dividends declared on common stock (in dollars per share)
Common Stock, Dividends, Per Share, Declared
Dividend declared per share of common stock
Morgan Stanley Facility GBP EUR [Member]
Morgan Stanley Facility GBP EUR.
Morgan Stanley Facility - GBP, EUR
Entity Tax Identification Number
Entity Tax Identification Number
Deed-In-Lieu Of Foreclosure
Deed-In-Lieu Of Foreclosure [Member]
Deed-In-Lieu Of Foreclosure
Long-term Debt, Type [Axis]
Long-Term Debt, Type [Axis]
Valuation Allowance Loans And Other Lending Assets Held For Sale
Valuation allowance loans and other lending assets held for sale.
Valuation allowance, loans and other lending assets held for sale
Term of unfunded loan commitment
Debt interest rate cap
Debt Instrument, Term
Organization
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]
Commercial Mortgage Loans, Subordinate Loans and Other Lending Assets, Net
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]
Hotel Through a Died-in-Lieu Foreclosure
Hotel Through a Died-in-Lieu Foreclosure [Member]
Hotel Through a Died-in-Lieu Foreclosure
Effects of foreign currency translation on cash and cash equivalents
Effect of Exchange Rate on Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation
Local Phone Number
Local Phone Number
Related Party Transaction [Domain]
Related Party Transaction [Domain]
Increase (Decrease) Cash Collateral from Counterparties
Increase (decrease) in collateral related to derivative contracts, net
2023 Revolving Credit Facility
2023 Revolving Credit Facility [Member]
2023 Revolving Credit Facility
Retail Site [Member]
Retail
Rate of management fees
Related Party Transaction, Annual Management Fee, Rate
Related Party Transaction, Annual Management Fee, Rate
Payment of deferred financing costs
Payments of Financing Costs
Financing Receivable, Credit Quality Indicator [Table]
Financing Receivable, Credit Quality Indicator [Table]
Accounting Policies [Abstract]
Accounting Policies [Abstract]
Allowances (Reversals), net
Financing Receivable Funded And Unfunded Credit Loss Expense Reversal
Financing receivable funded and unfunded credit loss expense reversal.
Weighted-average cash coupon
Loans And Leases Receivable, Weighted Average Interest Rate
Loans And Leases Receivable, Weighted Average Interest Rate
Class of Stock [Domain]
Class of Stock [Domain]
Real Estate Rental Income
Real estate rental income.
Rental Income
Share-based payment arrangement, nonvested award, cost not yet recognized, period for recognition
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition
Percentage On Return On Equity Threshold On Base Management Fee Payment
Percentage on return on equity threshold on base management fee payment.
Percentage on return on equity threshold on base management fee payment
Affiliated Entity
Affiliated Entity [Member]
Revenue Not from Contract with Customer
Net income from real estate owned
Revenue from the hotel's operations
Rental income from property's operations
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]
Components of our Accounts Payable, Accrued Expense and Other Liabilities
Schedule of Stock by Class [Table]
Stock, Class of Stock [Table]
Emerging Growth Company
Entity Emerging Growth Company
Sweden
SWEDEN
Tax Credit Carryforward, Name [Domain]
Tax Credit Carryforward, Name [Domain]
Chief Executive Officer, Chief Financial Officer and Chief Investment Officer of Manager [Member]
Chief executive officer, chief financial officer and chief investment officer of manager.
Secured Overnight Financing Rate
Secured Overnight Financing Rate
Secured Overnight Financing Rate [Member]