Loans Held for Investment and the Allowance for Credit Losses - Schedule of Activity in Allowance for Credit Losses for Loans Held for Investment Portfolio by Class of Financing Receivable (Details) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | |||||
|---|---|---|---|---|---|---|---|
Sep. 30, 2026 |
Sep. 30, 2025 |
Sep. 30, 2026 |
Sep. 30, 2025 |
Dec. 31, 2025 |
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| Allowance for credit losses for loans held for investment: | |||||||
| Beginning balance, allowance for credit loss | [1] | $ 74,503 | |||||
| Allowance (reversal) for credit losses, net | 11,850 | $ 2,594 | |||||
| Ending balance, allowance for credit loss | [1] | $ 73,955 | 73,955 | ||||
| Allowance for credit losses on unfunded loan commitments: | |||||||
| Beginning balance, allowance for credit loss | 2,920 | ||||||
| Ending balance, allowance for credit loss | 2,188 | 2,188 | |||||
| Total allowance for credit losses | 76,143 | $ 66,132 | 76,143 | 66,132 | $ 77,423 | ||
| Allowance for credit losses excluded | 800 | 700 | 800 | 700 | $ 600 | ||
| Senior loans | |||||||
| Allowance for credit losses for loans held for investment: | |||||||
| Beginning balance, allowance for credit loss | 77,750 | 66,957 | 74,503 | 61,558 | |||
| Allowance (reversal) for credit losses, net | 9,211 | (2,413) | 12,458 | 2,986 | |||
| Realized loss on loan write-off | (13,006) | (13,006) | |||||
| Ending balance, allowance for credit loss | 73,955 | 64,544 | 73,955 | 64,544 | |||
| Unfunded loan commitments | |||||||
| Allowance for credit losses on unfunded loan commitments: | |||||||
| Beginning balance, allowance for credit loss | 2,930 | 1,819 | 2,920 | 2,415 | |||
| Reversal of credit losses, net | (742) | (231) | (732) | (827) | |||
| Ending balance, allowance for credit loss | $ 2,188 | $ 1,588 | $ 2,188 | $ 1,588 | |||
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