v3.26.3
Commercial Mortgage Loans, Held for Investment - Schedule of Allowance for Credit Losses (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Jun. 30, 2026
Mar. 31, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]            
Beginning balance [1]     $ 38,302   $ 38,302  
Provision/(Benefit) $ 43,105     $ (569) 61,731 $ (3,954)
Ending balance [1] 71,932       71,932  
Commercial Portfolio Segment            
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]            
Beginning balance 54,682 $ 49,507 38,598   38,598  
Provision/(Benefit) 37,690 5,175 13,526      
Charge offs (20,234) 0 (2,617)      
Ending balance 72,138 54,682 49,507   72,138  
Specific Allowance for Credit Losses | Commercial Portfolio Segment            
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]            
Beginning balance 17,842 16,335 4,106   4,106  
Provision/(Benefit) 38,676 1,507 14,846      
Charge offs (20,234) 0 (2,617)      
Ending balance 36,284 17,842 16,335   36,284  
General Allowance for Credit Losses | Commercial Portfolio Segment            
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]            
Beginning balance 36,840 33,172 34,492   34,492  
Provision/(Benefit) (986) 3,668 (1,320)   1,400  
Charge offs 0 0 0      
Ending balance 35,854 36,840 33,172   35,854  
General Allowance for Credit Losses | Commercial Portfolio Segment | Funded            
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]            
Beginning balance 36,615 32,838 34,196   34,196  
Provision/(Benefit) (967) 3,777 (1,358)      
Charge offs 0 0 0      
Ending balance 35,648 36,615 32,838   35,648  
General Allowance for Credit Losses | Commercial Portfolio Segment | Unfunded            
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]            
Beginning balance 225 334 296   296  
Provision/(Benefit) (19) (109) 38      
Charge offs 0 0 0      
Ending balance $ 206 $ 225 $ 334   $ 206  
[1] Includes pledged assets of $364.1 million and $329.2 million as of September 30, 2026 and December 31, 2025, respectively.