v3.26.1
Commercial Mortgage Loans Held for Investment - Schedule of Allowance for Credit Losses (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]        
Balance at Beginning of Year, Allowance for credit losses     $ (3,952) $ (13,994)
Balance at Beginning of Year, Allowance for credit losses [1]     (3,930)  
(Provision for) reversal of credit losses $ (845) $ 1,016 (5,728) 2,512
Charge-offs [2]       68
Balance at End of Period, Allowance for credit losses (9,680) (11,414) (9,680) (11,414)
Balance at End of Period, Allowance for credit losses [1] (9,618)   (9,618)  
Commercial Mortgage Loans        
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]        
Balance at Beginning of Year, Allowance for credit losses     (3,930) (13,898)
(Provision for) reversal of credit losses     (5,688) 2,521
Charge-offs [2]       68
Balance at End of Period, Allowance for credit losses (9,618) (11,309) (9,618) (11,309)
Unfunded Loan Commitments        
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]        
Balance at Beginning of Year, Allowance for credit losses     (22) [3] (96) [4]
(Provision for) reversal of credit losses     (40) [3] (9) [4]
Balance at End of Period, Allowance for credit losses $ (62) [3] $ (105) [4] $ (62) [3] $ (105) [4]
[1] First mortgage loans are first position mortgage loans and credit loans are mezzanine and subordinated loans.
[2] Relates to the acquisition of a property secured by a senior loan in May 2025. See Note 14 – “Real Estate Owned” for additional information.
[3] The reserve for expected credit losses related to unfunded loan commitments is recorded in “accrued expenses and other liabilities” on the consolidated balance sheets.
[4] The reserve for expected credit losses related to unfunded loan commitments is recorded in “accrued expenses and other liabilities” on the consolidated balance sheets.