v3.26.1
Fair Value Measurements - Schedule of Fair Value of Assets and Liabilities (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Loans receivable, at fair value $ 754,457 $ 372,276
Real estate securities, at fair value 149,439 103,668
Total 903,896 475,944
Repurchase agreements, at fair value 645,910 292,032
Total 645,910 292,032
Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Loans receivable, at fair value 0 0
Real estate securities, at fair value 0 0
Total 0 0
Repurchase agreements, at fair value 0 0
Total 0 0
Level 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Loans receivable, at fair value 0 0
Real estate securities, at fair value 149,439 103,668
Total 149,439 103,668
Repurchase agreements, at fair value 0 0
Total 0 0
Level 3    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Loans receivable, at fair value 754,457 372,276
Real estate securities, at fair value 0 0
Total 754,457 372,276
Repurchase agreements, at fair value 645,910 292,032
Total $ 645,910 $ 292,032