v3.26.1
Loan Participations Sold, Net - Summary of Loan Participations Sold (Details)
$ in Thousands
 6 Months Ended 12 Months Ended
Jun. 30, 2026
USD ($)
Loan
Dec. 31, 2025
USD ($)
Loan
Loan Participations    
Mortgage Loans On Real Estate [Line Items]    
Number of loans sold to third party | Loan 1 1
Principal Balance $ 12,700 $ 12,700
Book Value $ 11,262 $ 12,731
Yield/Cost [1] 4.70% 4.70%
Weighted Average Maximum Maturity [2]   1 month 9 days
Senior Loan Participations    
Mortgage Loans On Real Estate [Line Items]    
Number of loans sold to third party | Loan [3],[4] 3 3
Principal Balance [3],[4] $ 47,715 $ 47,009
Book Value [3],[4] $ 47,715 $ 47,009
Yield/Cost [1],[3],[4] 2.00% 2.00%
Weighted Average Maximum Maturity [2],[3],[4]   1 month 9 days
[1] The yield/cost is the present value of all future principal and interest payments on the loan or participation interest and does not include any origination fees or deferred commitment fees. The yield/cost excludes maturity default interest and interest on loans placed on nonaccrual status.
[2] Based on the furthest maximum maturity date of all the loans subject to the participation agreement. The calculation is not applicable as of June 30, 2026 as the underlying loan is in maturity default.
[3] During the six months ended June 30, 2026 and 2025, the Company recorded $1,545 and $1,478 of interest expense related to loan participations sold, respectively.
[4] Includes participation interest related to the foreclosed properties described above.