v3.26.3
Debt Obligations - Summary of Debt Related To Real Estate Owned Hotel Portfolio (Details) - USD ($)
$ in Thousands
9 Months Ended 12 Months Ended
Jun. 09, 2025
Feb. 08, 2021
Sep. 30, 2026
Dec. 31, 2025
Debt Instrument Real Estate Owned Net [Line Items]        
Contractual Maturity Date Jun. 09, 2030 Feb. 09, 2025    
Real Estate Investment        
Debt Instrument Real Estate Owned Net [Line Items]        
Contractual Maturity Date     Jun. 09, 2027 Jun. 09, 2027
Stated Rate     S + 3.18% [1] S + 3.18% [2]
Net Interest Rate     7.09% [1] 6.87% [2]
Borrowing Outstanding     $ 235,000 $ 235,000
Carrying Value     $ 233,114 $ 230,992
[1] SOFR at September 30, 2026 was 3.91%, which was below the 6.79% strike rate provided by our interest rate cap. See Note 7 – Derivatives for further detail.
[2] SOFR at December 31, 2025 was 3.69%, which was below the 6.79% strike rate provided by our interest rate cap. See Note 7 – Derivatives for further detail.