v3.26.3
Commercial Real Estate Loans - Schedule of Loans Held-for-Investment and Loans Held-for-Sale (Details)
$ in Thousands
9 Months Ended 12 Months Ended
Sep. 30, 2026
USD ($)
loan
Dec. 31, 2025
USD ($)
loan
Investment Holdings [Line Items]    
Amortized Cost $ 3,137,554 $ 5,347,756
Carrying Value $ 2,950,118 $ 5,145,832
Loan Count (in loans) | loan 37 53
Consolidated Entity, Excluding VIE    
Investment Holdings [Line Items]    
Amortized Cost $ 3,137,554 $ 5,347,756
Carrying Value 2,950,118 5,145,832
Commercial real estate loans, held-for-investment, net    
Investment Holdings [Line Items]    
Outstanding Principal 3,151,502 5,361,863
Amortized Cost $ 3,137,554 $ 5,347,756
Loan Count (in loans) | loan 37 53
Commercial real estate loans, held-for-investment, net | Consolidated Entity, Excluding VIE    
Investment Holdings [Line Items]    
Outstanding Principal $ 3,151,502 $ 5,361,863
Amortized Cost 3,137,554 5,347,756
Carrying Value $ 2,950,118 $ 5,145,832
Loan Count (in loans) | loan 37 53
Floating Rate Loan % 97.60% 98.60%
Weighted average, coupon 6.70% 7.00%
Weighted average life (years) 2 years 4 months 24 days 1 year 9 months 18 days