Repurchase Agreements - Schedule of Repurchase Agreements (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Debt Instrument [Line Items]
Weighted Average Interest Rate	5.20%	5.28%
Debt Amount Outstanding	$ 645,910	$ 292,032
Fair Value of Debt	645,910	292,032
Fair Value of Collateral	$ 825,812	$ 376,859
FBRED REIT BWH Seller, LLC
Debt Instrument [Line Items]
Weighted Average Interest Rate	5.24%	5.32%
Maximum Facility Size	$ 250,000	$ 250,000
Available Capacity	129,659	177,162
Debt Amount Outstanding	120,340	72,837
Fair Value of Debt	120,340	72,837
Fair Value of Collateral	$ 152,455	$ 91,999
FBRED REIT JWH Seller, LLC
Debt Instrument [Line Items]
Weighted Average Interest Rate	5.41%	6.01%
Maximum Facility Size	$ 250,000	$ 250,000
Available Capacity	27,470	184,474
Debt Amount Outstanding	222,530	65,526
Fair Value of Debt	222,530	65,526
Fair Value of Collateral	$ 289,923	$ 90,772
FBRED REIT WWH Seller, LLC
Debt Instrument [Line Items]
Weighted Average Interest Rate	5.13%	5.17%
Maximum Facility Size	$ 250,000	$ 150,000
Available Capacity	85,013	84,292
Debt Amount Outstanding	164,987	65,708
Fair Value of Debt	164,987	65,708
Fair Value of Collateral	$ 207,933	$ 83,437
FBRED REIT MSWH Seller, LLC
Debt Instrument [Line Items]
Weighted Average Interest Rate	5.12%	6.44%
Maximum Facility Size	$ 125,000	$ 100,000
Available Capacity	111,088	94,903
Debt Amount Outstanding	13,912	5,097
Fair Value of Debt	13,912	5,097
Fair Value of Collateral	$ 17,390	$ 7,281
FBRED REIT AWH Seller, LLC
Debt Instrument [Line Items]
Weighted Average Interest Rate	6.40%
Maximum Facility Size	$ 100,000
Available Capacity	82,123
Debt Amount Outstanding	17,877
Fair Value of Debt	17,877
Fair Value of Collateral	$ 24,664
FBRED REIT High Yield Securities, LLC - JPM
Debt Instrument [Line Items]
Weighted Average Interest Rate	4.64%	4.63%
Debt Amount Outstanding	$ 88,789	$ 54,558
Fair Value of Debt	88,789	54,558
Fair Value of Collateral	$ 111,947	$ 65,870
FBRED REIT High Yield Securities - Lucid
Debt Instrument [Line Items]
Weighted Average Interest Rate	4.69%	4.76%
Debt Amount Outstanding	$ 17,475	$ 28,306
Fair Value of Debt	17,475	28,306
Fair Value of Collateral	$ 21,500	$ 37,500
FBRED REIT High Yield Securities, LLC - Barclays
Debt Instrument [Line Items]
Weighted Average Interest Rate	0.00%
Debt Amount Outstanding	$ 0
Fair Value of Debt	0
Fair Value of Collateral	$ 0