v3.26.3
Commercial Real Estate Loans - Schedule of Amortized Cost of Loan Portfolio (Details)
$ in Thousands
 9 Months Ended 12 Months Ended
Sep. 30, 2026
USD ($)
loan
Dec. 31, 2025
USD ($)
loan
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Number of Loans (in loans) | loan 37 53
Total $ 3,137,554 $ 5,347,756
Commercial real estate loans, held-for-investment, net    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Number of Loans (in loans) | loan 37 53
Outstanding Principal $ 3,151,502 $ 5,361,863
Current fiscal year 539,849 996,802
Year one 894,819 86,039
Year two 102,795 205,777
Year three 90,671 1,397,773
Year four 549,546 2,333,079
Year five 959,874 328,286
Total 3,137,554 5,347,756
Current year, write-off 0 0
Year one, write-off 0 0
Year two, write-off 0 0
Year three, write-off 0 34,828
Year four, write-off 50,498 0
Prior, write-off 115,043 0
Notes receivable, gross write-off $ 165,541 $ 34,828
Very Low Risk    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Number of Loans (in loans) | loan 0 0
Total $ 0 $ 0
Very Low Risk | Commercial real estate loans, held-for-investment, net    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Number of Loans (in loans) | loan 0 0
Outstanding Principal $ 0 $ 0
Current fiscal year 0 0
Year one 0 0
Year two 0 0
Year three 0 0
Year four 0 0
Year five 0 0
Total $ 0 $ 0
Low Risk    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Number of Loans (in loans) | loan 0 2
Total $ 0 $ 283,816
Low Risk | Commercial real estate loans, held-for-investment, net    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Number of Loans (in loans) | loan 0 2
Outstanding Principal $ 0 $ 283,906
Current fiscal year 0 0
Year one 0 0
Year two 0 0
Year three 0 0
Year four 0 283,816
Year five 0 0
Total $ 0 $ 283,816
Average Risk    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Number of Loans (in loans) | loan 34 46
Total $ 2,813,066 $ 4,405,274
Average Risk | Commercial real estate loans, held-for-investment, net    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Number of Loans (in loans) | loan 34 46
Outstanding Principal $ 2,822,759 $ 4,415,095
Current fiscal year 539,849 996,802
Year one 894,819 86,039
Year two 102,795 115,106
Year three 0 1,397,773
Year four 505,841 1,671,380
Year five 769,762 138,174
Total $ 2,813,066 $ 4,405,274
High Risk/Potential for Loss    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Number of Loans (in loans) | loan 0 1
Total $ 0 $ 90,671
High Risk/Potential for Loss | Commercial real estate loans, held-for-investment, net    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Number of Loans (in loans) | loan 0 1
Outstanding Principal $ 0 $ 90,671
Current fiscal year 0 0
Year one 0 0
Year two 0 90,671
Year three 0 0
Year four 0 0
Year five 0 0
Total $ 0 $ 90,671
Impaired/Loss Likely    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Number of Loans (in loans) | loan 3 4
Total $ 324,488 $ 567,995
Impaired/Loss Likely | Commercial real estate loans, held-for-investment, net    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Number of Loans (in loans) | loan 3 4
Outstanding Principal $ 328,743 $ 572,191
Current fiscal year 0 0
Year one 0 0
Year two 0 0
Year three 90,671 0
Year four 43,705 377,883
Year five 190,112 190,112
Total $ 324,488 $ 567,995