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Related-Party Transactions - Investments in Loans and Securities (Details)
$ in Thousands, € in Millions, £ in Millions
1 Months Ended 2 Months Ended 4 Months Ended 12 Months Ended
Dec. 31, 2025
EUR (€)
Jun. 30, 2025
USD ($)
extension
May 31, 2025
USD ($)
Jan. 31, 2025
USD ($)
unit
Dec. 31, 2024
USD ($)
loan
May 31, 2024
USD ($)
extension
Apr. 30, 2024
USD ($)
extension
Aug. 31, 2023
USD ($)
Jul. 31, 2023
Jul. 31, 2019
USD ($)
Apr. 30, 2019
USD ($)
Feb. 28, 2019
USD ($)
powerPlant
Dec. 31, 2012
USD ($)
shares
Feb. 25, 2026
USD ($)
Jul. 31, 2019
USD ($)
Dec. 31, 2025
USD ($)
mortgageLoan
transaction
shares
Dec. 31, 2024
USD ($)
shares
Dec. 31, 2023
USD ($)
shares
Dec. 31, 2012
USD ($)
shares
Dec. 31, 2025
EUR (€)
mortgageLoan
shares
Jul. 31, 2024
USD ($)
Apr. 30, 2024
GBP (£)
Mar. 31, 2022
USD ($)
Related-Party Transactions                                              
Number of related-party loan transactions | transaction                               8              
Loan foreclosure and equity control                               $ 196,543 $ 351,131 $ 102,774          
Proceeds from loans sold                               229,867 87,269 95,271          
Loans held-for-investment, net of credit loss allowances of $440,842 and $448,295         $ 15,437,013                     $ 18,862,712 15,437,013            
Weighted-average Spread Above Index                               3.40%       3.40%      
Other equity investments, carrying value         $ 16,436                     $ 16,436 16,436            
Acquisitions/originations/additional funding                               $ 8,934,637 $ 4,781,916 $ 3,474,242          
SEREF                                              
Related-Party Transactions                                              
Number of shares acquired (in shares) | shares                                     9,140,000        
Number of shares redeemed (in shares) | shares                               3,944,520 2,767,038 1,892,313          
Proceeds from shares redeemed                               $ 5,100 $ 3,700 $ 2,500          
Remaining held (in shares) | shares                               536,129       536,129      
Ownership percentage                               2.30%              
Equity interest in a data center business in Ireland                                              
Related-Party Transactions                                              
Cost method, Participation / Ownership %         0.72%                     0.54% 0.72%     0.54%      
Other equity investments, carrying value         $ 7,672                     $ 7,672 $ 7,672            
Cost method investments, combined voting interest, percentage                               50.00%       50.00%      
Additional contribution                                 $ 300            
Affiliated Entity | SEREF                                              
Related-Party Transactions                                              
Number of shares redeemed (in shares) | shares                               3,944,520 2,767,038 1,892,313          
Proceeds from shares redeemed                               $ 5,100 $ 3,700 $ 2,500          
Remaining held (in shares) | shares                               536,129       536,129      
Ownership percentage                               2.30%              
Affiliated Entity | SEREF                                              
Related-Party Transactions                                              
Number of shares acquired (in shares) | shares                         9,140,000                    
Investment securities value                         $ 14,700           $ 14,700        
Ownership acquired in investment                         4.00%                    
Affiliated Entity | SEREF | Mezzanine Loans | Ireland                                              
Related-Party Transactions                                              
Loan foreclosure and equity control | € € 28.4                                            
Proceeds from loans sold | € € 4.8                                            
Affiliated Entity | Sponsor | Non-Interest-Bearing Loan                                              
Related-Party Transactions                                              
Face Amount                               $ 3,300       € 2.8      
Construction of Data Center in Ashburn | Affiliated Entity | Affiliates Of Manager | Borrower                                              
Related-Party Transactions                                              
Limited liability company or limited partnership, members or limited partners, ownership interest     92.50%                                        
Construction of Luxury Condominium Project | Affiliated Entity | Affiliates Of Manager | Borrower                                              
Related-Party Transactions                                              
Limited liability company or limited partnership, members or limited partners, ownership interest       90.00%                                      
Development and Recapitalization of Luxury Rental Cabins | Affiliated Entity                                              
Related-Party Transactions                                              
Loan extension term         24 months                                    
Conditional extension term         1 year                                    
Loans payable, interest rate decrease         2.25%                                    
Loans payable, basis spread         4.25%                       4.25%            
Loan payable, payment deferral term                 10 months                            
Loan payable, payment deferral interest rate                 3.00%                            
Loans payable                               147,500              
Loans payable, payment deferral, interest                               18,900              
Sale of Participating Interests in Commercial Loans to Private Investment Fund | Affiliated Entity                                              
Related-Party Transactions                                              
Number of commercial loans to a private investment fund | loan         4                                    
Amounts of transaction         $ 40,100                                    
Future funding commitments | Affiliated Entity                                              
Related-Party Transactions                                              
Amounts of transaction         15,900                                    
Refinancing of Medical Office Portfolio | Affiliated Entity                                              
Related-Party Transactions                                              
Loan number of extension options | extension           3                                  
Loan extension term           1 year                                  
Refinancing of Medical Office Portfolio | Affiliated Entity | SOFR                                              
Related-Party Transactions                                              
Loans payable, basis spread           5.50%                                  
Refinancing of Medical Office Portfolio | Affiliated Entity | Horizontal Risk Retention Certificates                                              
Related-Party Transactions                                              
Face Amount           $ 23,000                                  
Vacation Cottages, Caravan Homes, and Resorts Portfolio Acquisition | Affiliated Entity                                              
Related-Party Transactions                                              
Loan number of extension options | extension             2                                
Loan extension term             1 year                                
Loans payable | £                                           £ 352.0  
Vacation Cottages, Caravan Homes, and Resorts Portfolio Acquisition | Affiliated Entity | Sterling Over Night Indexed Average (SONIA)                                              
Related-Party Transactions                                              
Loans payable, basis spread             5.40%                             5.40%  
Purchase of FREMF 2024-KF163 | Affiliated Entity | Primary beneficiary                                              
Related-Party Transactions                                              
Loans held-for-investment, net of credit loss allowances of $440,842 and $448,295                                         $ 77,100    
Weighted-average Spread Above Index                                         6.00%    
Newly Formed FREMF 2024-KF163 Trust | Affiliated Entity | Primary beneficiary                                              
Related-Party Transactions                                              
Loans held-for-investment, net of credit loss allowances of $440,842 and $448,295                               $ 1,000,000              
Number of mortgage loans | mortgageLoan                               24       24      
Newly Formed FREMF 2024-KF163 Trust | Affiliates Of Manager | Primary beneficiary                                              
Related-Party Transactions                                              
Loans held-for-investment, net of credit loss allowances of $440,842 and $448,295                               $ 495,000              
Number of mortgage loans | mortgageLoan                               11       11      
Purchase of First Priority Infrastructure Term Loan Participation | Affiliated Entity | Starwood Energy Group                                              
Related-Party Transactions                                              
Acquisitions/originations/additional funding                   $ 16,000 $ 5,000 $ 60,000                      
First priority term loan                       $ 925,000                      
Upsize to term loan                             $ 350,000                
Number of domestic natural gas power plants | powerPlant                       4                      
Origination of First Mortgage Loan | Affiliated Entity                                              
Related-Party Transactions                                              
First priority term loan               $ 339,200                              
Proceeds from repayments on loans               $ 29,400                              
Loans Payable | Construction of Data Center in Herndon | Affiliated Entity                                              
Related-Party Transactions                                              
Face Amount   $ 587,100                                          
Debt instrument, face amount, percentage of origination   49.00%                                          
Amount funded                               $ 58,600              
Maturity period   4 years                                          
Loan number of extension options | extension   2                                          
Loan extension term   1 year                                          
Basis spread   3.00%                                          
Debt instrument, face amount, percentage of origination, third party   51.00%                                          
Loans Payable | Construction of Data Center in Herndon | Affiliated Entity | Starwood Property Trust, Inc                                              
Related-Party Transactions                                              
Face Amount   $ 287,700                                          
Loans Payable | Construction of Data Center in Ashburn | Affiliated Entity                                              
Related-Party Transactions                                              
Face Amount     $ 638,500                                        
Debt instrument, face amount, percentage of origination     33.33%                                        
Amount funded                               144,600              
Maturity period     5 years 4 years                                      
Basis spread     2.50%                                        
Debt instrument, floor on variable rate     2.00%                                        
Debt instrument, face amount, percentage of origination, third party     66.67%                                        
Loans Payable | Construction of Data Center in Ashburn | Affiliated Entity | Starwood Property Trust, Inc                                              
Related-Party Transactions                                              
Face Amount     $ 212,800                                        
Loans Payable | Construction of Luxury Condominium Project | Affiliated Entity                                              
Related-Party Transactions                                              
Face Amount       $ 388,400                                      
Debt instrument, face amount, percentage of origination       49.00%                                      
Amount funded                               $ 72,100              
Loan extension term       1 year                                      
Basis spread       4.25%                                      
Debt instrument, floor on variable rate       3.00%                                      
Debt instrument, face amount, percentage of origination, third party       51.00%                                      
Number of units | unit       81                                      
Loans Payable | Construction of Luxury Condominium Project | Affiliated Entity | Starwood Property Trust, Inc                                              
Related-Party Transactions                                              
Face Amount       $ 190,300                                      
Loans Payable | Development and Recapitalization of Luxury Rental Cabins | Affiliated Entity                                              
Related-Party Transactions                                              
Face Amount         $ 25,000                       $ 25,000           $ 200,000
Loans Payable | Refinancing of Medical Office Portfolio | Affiliated Entity                                              
Related-Party Transactions                                              
Face Amount           $ 39,500                                  
Maturity period           2 years                                  
Loans Payable | Refinancing of Medical Office Portfolio | Affiliated Entity | Subsequent Event                                              
Related-Party Transactions                                              
Repayments of debt                           $ 39,500                  
Loans Payable | Vacation Cottages, Caravan Homes, and Resorts Portfolio Acquisition | Affiliated Entity                                              
Related-Party Transactions                                              
Face Amount             $ 219,800                             £ 176.0  
Debt instrument, discount, percentage             1.00%                                
Secured Borrowings | Refinancing of Medical Office Portfolio | Affiliated Entity | MED 2024-MOB                                              
Related-Party Transactions                                              
Face Amount           $ 450,500