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Loans - Risk Ratings by Class of Loan (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Investments in loans    
Total Amortized Cost Basis $ 21,627,097 $ 18,401,316
Credit Loss Allowance 440,842 448,295
Loans held-for-sale    
Investments in loans    
Total Amortized Cost Basis 2,323,543 $ 2,516,008
Credit Loss Allowance 0  
Commercial loans:    
Investments in loans    
2025 4,758,632  
2024 1,040,118  
2023 1,025,413  
2022 3,499,536  
2021 4,044,795  
Prior 2,096,204  
Total Amortized Cost Basis 16,464,698  
Credit Loss Allowance 426,365  
Commercial loans: | LTV less than 60%    
Investments in loans    
2025 1,451,764  
2024 313,145  
2023 366,195  
2022 778,968  
2021 372,722  
Prior 386,450  
Total Amortized Cost Basis 3,669,244  
Credit Loss Allowance 3,076  
Commercial loans: | LTV 60% - 70%    
Investments in loans    
2025 2,549,701  
2024 293,835  
2023 447,568  
2022 1,699,336  
2021 1,708,043  
Prior 332,383  
Total Amortized Cost Basis 7,030,866  
Credit Loss Allowance 21,581  
Commercial loans: | LTV > 70%    
Investments in loans    
2025 752,167  
2024 433,138  
2023 207,100  
2022 930,497  
2021 1,964,030  
Prior 1,335,917  
Total Amortized Cost Basis 5,622,849  
Credit Loss Allowance 349,446  
Commercial loans: | Credit deteriorated    
Investments in loans    
2025 0  
2024 0  
2023 0  
2022 90,735  
2021 0  
Prior 41,454  
Total Amortized Cost Basis 132,189  
Credit Loss Allowance 52,262  
Commercial loans: | Defeased and other    
Investments in loans    
2025 5,000  
2024 0  
2023 4,550  
2022 0  
2021 0  
Prior 0  
Total Amortized Cost Basis 9,550  
Credit Loss Allowance 0  
Infrastructure loans:    
Investments in loans    
2025 1,881,425  
2024 549,425  
2023 263,612  
2022 46,095  
2021 23,326  
Prior 74,973  
Total Amortized Cost Basis 2,838,856  
Credit Loss Allowance 14,477  
Infrastructure loans: | Power    
Investments in loans    
2025 1,150,766  
2024 314,051  
2023 108,363  
2022 46,095  
2021 23,326  
Prior 33,628  
Total Amortized Cost Basis 1,676,229  
Credit Loss Allowance 7,672  
Infrastructure loans: | Oil and gas    
Investments in loans    
2025 730,659  
2024 235,374  
2023 155,249  
2022 0  
2021 0  
Prior 41,345  
Total Amortized Cost Basis 1,162,627  
Credit Loss Allowance $ 6,805