XML 68 R53.htm IDEA: XBRL DOCUMENT v3.25.3
Summary of Significant Accounting Policies (Details)
9 Months Ended 12 Months Ended
Sep. 30, 2025
USD ($)
real_estate_owned_asset
Sep. 30, 2025
USD ($)
loan
real_estate_owned_asset
Sep. 30, 2025
USD ($)
security_loan
real_estate_owned_asset
Dec. 31, 2024
USD ($)
loan
real_estate_owned_asset
Dec. 31, 2024
USD ($)
real_estate_owned_asset
security_loan
Jun. 30, 2025
USD ($)
Mar. 31, 2025
USD ($)
Sep. 30, 2024
USD ($)
Jun. 30, 2024
USD ($)
Mar. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]                        
Restricted cash $ 0 $ 0 $ 0 $ 0 $ 0              
Number of REO assets classified as held for sale investment | real_estate_owned_asset 10 10 10 7 7              
Maximum guarantee $ 5,500,000 $ 5,500,000 $ 5,500,000 $ 5,500,000 $ 5,500,000              
Guarantee liability 32,000 32,000 32,000 32,000 32,000              
CECL reserve 695,719,000 $ 695,719,000 $ 695,719,000 $ 733,936,000 $ 733,936,000 $ 740,851,000 $ 741,541,000 $ 1,011,059,000 $ 893,938,000 $ 751,370,000 $ 576,936,000  
Number of loans   137 137 130 130              
Principal balance $ 18,066,919,000 $ 18,066,919,000 $ 18,066,919,000 $ 19,047,518,000 $ 19,047,518,000              
Net Lease Joint Venture                        
Accounts, Notes, Loans and Financing Receivable [Line Items]                        
Ownership percentage 75.00% 75.00% 75.00% 75.00% 75.00%              
Level 3 | Minimum | Capitalization rate                        
Accounts, Notes, Loans and Financing Receivable [Line Items]                        
Measurement input 0.0600 0.0600 0.0600                  
Level 3 | Minimum | Discount rate                        
Accounts, Notes, Loans and Financing Receivable [Line Items]                        
Measurement input 0.0700 0.0700 0.0700                  
Level 3 | Maximum | Capitalization rate                        
Accounts, Notes, Loans and Financing Receivable [Line Items]                        
Measurement input 0.0800 0.0800 0.0800                  
Level 3 | Maximum | Discount rate                        
Accounts, Notes, Loans and Financing Receivable [Line Items]                        
Measurement input 0.1500 0.1500 0.1500                  
Level 3 | Fair Value, Nonrecurring                        
Accounts, Notes, Loans and Financing Receivable [Line Items]                        
CECL reserve $ 505,400,000 $ 505,400,000 $ 505,400,000                  
Number of loans | loan   12                    
Principal balance $ 1,200,000,000 $ 1,200,000,000 $ 1,200,000,000                  
Level 3 | Fair Value, Nonrecurring | Minimum | Capitalization rate                        
Accounts, Notes, Loans and Financing Receivable [Line Items]                        
Real estate owned, measurement input 0.0600 0.0600 0.0600                  
Level 3 | Fair Value, Nonrecurring | Minimum | Discount rate                        
Accounts, Notes, Loans and Financing Receivable [Line Items]                        
Real estate owned, measurement input 0.0775 0.0775 0.0775                  
Level 3 | Fair Value, Nonrecurring | Maximum | Capitalization rate                        
Accounts, Notes, Loans and Financing Receivable [Line Items]                        
Real estate owned, measurement input 0.0855 0.0855 0.0855                  
Level 3 | Fair Value, Nonrecurring | Maximum | Discount rate                        
Accounts, Notes, Loans and Financing Receivable [Line Items]                        
Real estate owned, measurement input 0.1055 0.1055 0.1055                  
Building                        
Accounts, Notes, Loans and Financing Receivable [Line Items]                        
Estimated useful lives (in years) 40 years                      
Leasehold Improvements                        
Accounts, Notes, Loans and Financing Receivable [Line Items]                        
Estimated useful lives (in years) 10 years                      
Multifamily Joint Venture                        
Accounts, Notes, Loans and Financing Receivable [Line Items]                        
Ownership percentage                       85.00%
Multifamily Joint Venture | Walker & Dunlop                        
Accounts, Notes, Loans and Financing Receivable [Line Items]                        
Minority participation in senior term facility                       15.00%