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Loans - Investments in Mortgages and Loans (Details)
$ in Thousands, € in Millions
12 Months Ended
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2025
EUR (€)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Investments in loans          
Carrying Value $ 21,627,097 $ 18,401,316      
Face Amount 21,922,738 18,771,668      
Credit loss allowances: (440,842) (448,295)      
Total net loans $ 21,186,255 $ 17,953,021   $ 20,219,886 $ 21,186,033
Residential, fair value option          
Investments in loans          
Weighted Average Life (in years) 25 years 9 months 18 days 26 years 9 months 18 days      
Commercial loans:          
Investments in loans          
Carrying Value $ 16,464,698        
Credit loss allowances: (426,365)        
Infrastructure loans:          
Investments in loans          
Carrying Value 2,838,856        
Credit loss allowances: (14,477)        
Loans held for investment          
Investments in loans          
Carrying Value 19,303,554 $ 15,885,308      
Face Amount 19,419,886 15,951,014      
Credit loss allowances: (440,842) (448,295)      
Loans held for investment | Commercial loans:          
Investments in loans          
Carrying Value 16,464,698 13,331,876      
Face Amount 16,529,513 13,356,747      
Credit loss allowances: (426,365) (436,812)      
Total net loans 16,038,333 12,895,064   15,078,589 16,048,507
Loans held for investment | Infrastructure loans:          
Investments in loans          
Carrying Value 2,838,856 2,553,432      
Face Amount $ 2,890,373 $ 2,594,267      
Weighted Average Life (in years) 5 years 1 month 6 days 4 years 4 months 24 days      
Credit loss allowances: $ (14,477) $ (11,483)      
Total net loans $ 2,824,379 $ 2,541,949   2,495,660 2,352,932
Loans held for investment | Weighted Average Coupon | Infrastructure loans:          
Investments in loans          
Weighted Average Coupon 7.40% 8.30%      
Loans held-for-sale          
Investments in loans          
Carrying Value $ 2,323,543 $ 2,516,008      
Face Amount 2,502,852 2,820,654      
Credit loss allowances: 0        
Total net loans 2,323,543 2,516,008   $ 2,645,637 $ 2,784,594
Loans held-for-sale | Residential, fair value option          
Investments in loans          
Carrying Value 2,278,067 2,394,624      
Face Amount 2,455,552 2,694,959      
Loans held-for-sale | Commercial, fair value option          
Investments in loans          
Carrying Value 45,476 121,384      
Face Amount $ 47,300 $ 125,695      
Weighted Average Life (in years) 8 years 6 months 7 years 3 months 18 days      
Loans held-for-sale | Weighted Average Coupon | Residential, fair value option          
Investments in loans          
Weighted Average Coupon 4.40% 4.50%      
Loans held-for-sale | Weighted Average Coupon | Commercial, fair value option          
Investments in loans          
Weighted Average Coupon 6.40% 7.00%      
First Mortgages | Loans held for investment          
Investments in loans          
Carrying Value $ 16,086,585 $ 12,931,333      
Face Amount $ 16,148,916 $ 12,955,038      
Weighted Average Life (in years) 2 years 8 months 12 days 2 years 4 months 24 days      
First Mortgages | Loans held for investment | Weighted Average Coupon          
Investments in loans          
Weighted Average Coupon 7.00% 7.90%      
Subordinated Mortgages | Loans held for investment          
Investments in loans          
Carrying Value $ 15,683 $ 31,247      
Face Amount $ 15,290 $ 31,000      
Weighted Average Life (in years) 1 month 6 days 1 year 4 months 24 days      
Subordinated Mortgages | Loans held for investment | Weighted Average Coupon          
Investments in loans          
Weighted Average Coupon 11.10% 14.30%      
Mezzanine Loans          
Investments in loans          
Total net loans $ 1,300,000 $ 900,000      
Mezzanine Loans | Commercial loans:          
Investments in loans          
Face Amount $ 30,100   € 25.6    
Weighted Average Coupon 15.00%        
Mezzanine Loans | Loans held for investment          
Investments in loans          
Carrying Value $ 311,175 323,041      
Face Amount $ 313,619 $ 324,021      
Weighted Average Life (in years) 2 years 9 months 18 days 1 year 8 months 12 days      
Mezzanine Loans | Loans held for investment | Weighted Average Coupon          
Investments in loans          
Weighted Average Coupon 10.80% 11.10%      
Other | Loans held for investment          
Investments in loans          
Carrying Value $ 51,255 $ 46,255      
Face Amount $ 51,688 $ 46,688      
Weighted Average Life (in years) 2 years 7 months 6 days 3 years 9 months 18 days      
Other | Loans held for investment | Weighted Average Coupon          
Investments in loans          
Weighted Average Coupon 9.10% 13.20%