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Agreements and Transactions with Related Parties - Other Related Party (Details)
$ in Thousands
1 Months Ended 3 Months Ended 12 Months Ended
Feb. 21, 2025
USD ($)
Jul. 31, 2024
USD ($)
May 31, 2024
USD ($)
May 31, 2023
USD ($)
officer
extension
Dec. 31, 2021
USD ($)
Dec. 31, 2024
USD ($)
property
shares
Dec. 31, 2024
USD ($)
property
shares
Dec. 31, 2023
USD ($)
property
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
property
Dec. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
loan
property
Dec. 31, 2017
USD ($)
Dec. 31, 2015
USD ($)
Nov. 30, 2023
USD ($)
Apr. 30, 2023
USD ($)
Agreements and Transactions with Related Parties                                  
Interest income             $ 1,167,872 $ 1,331,219 $ 948,401                
Investment made             1,600,461 1,362,171 5,955,061                
Income (loss) from equity method investments             5,772 24,281 14,247                
Paydowns of principal made by borrower             2,691,583 3,354,055 3,818,554                
Financing receivable, specific reserve             44,300                    
Servicing revenue             $ 194,318 193,542 152,068                
Indirect ownership percentage             9.20%                    
Lexford Portfolio                                  
Agreements and Transactions with Related Parties                                  
Distribution received             $ 9,000 $ 12,200                  
Multifamily                                  
Agreements and Transactions with Related Parties                                  
Number of properties owned | property           4 4 1                  
Bridge loan, six multifamily properties | Other Related Party Transactions                                  
Agreements and Transactions with Related Parties                                  
UPB converted to a mezzanine loan                       $ 2,000          
Related Party                                  
Agreements and Transactions with Related Parties                                  
Percentage of ownership interest of related party in the entity             50.00%                    
Related Party | Other Related Party Transactions                                  
Agreements and Transactions with Related Parties                                  
Amount invested         $ 4,200         $ 4,200              
Income (loss) from equity method investments             $ 9,000 $ 12,200                  
Maximum exposure under guaranty           $ 500,000 500,000                    
Related Party | Other Related Party Transactions | LLC                                  
Agreements and Transactions with Related Parties                                  
Ownership interest (as a percent)         49.30%         49.30%              
Related Party | Other Related Party Transactions | AMAC III                                  
Agreements and Transactions with Related Parties                                  
Interest income             3,100 3,100 1,900                
Amount invested           $ 30,000 30,000                    
Ownership interest (as a percent)                       18.00%          
Income (loss) from equity method investments             $ (2,300) (1,900) (2,400)                
Distribution received               1,100                  
Related Party | Other Related Party Transactions | AMAC III | Subsequent Event                                  
Agreements and Transactions with Related Parties                                  
Paydowns of principal made by borrower $ 300                                
Financing receivable modified, weighted average term increase from modification 3 years                                
Future paydown $ 1,700                                
Related Party | Other Related Party Transactions | Lexford Portfolio                                  
Agreements and Transactions with Related Parties                                  
Management fee, percentage of gross revenues of underlying properties             4.75%                    
Related Party | CMBS/Conduit | Other Related Party Transactions                                  
Agreements and Transactions with Related Parties                                  
Loans assumed         $ 26,000                        
Related Party | Residential mortgage banking business | Other Related Party Transactions                                  
Agreements and Transactions with Related Parties                                  
Income (loss) from equity method investments             $ (1,200) 600 4,900                
Acquisition purchase price                             $ 9,600    
Noncontrolling interest in equity method investment acquired (as a percent)                             50.00%    
Indirect ownership percentage                             12.30%    
Related Party | ACM Acquisition | Other Related Party Transactions                                  
Agreements and Transactions with Related Parties                                  
Distribution received             $ 7,700 15,000                  
Number of shares held by related party (in shares) | shares           2,535,870 2,535,870                    
OP units hold as part of acquisition (in shares) | shares             10,597,566                    
Aggregate percentage of voting power held by related party           6.40% 6.40%                    
Related Party | Retail property | Other Related Party Transactions                                  
Agreements and Transactions with Related Parties                                  
Property purchased         $ 32,500         $ 32,500              
Related Party | Multifamily | Fannie Mae Mortgage | Other Related Party Transactions                                  
Agreements and Transactions with Related Parties                                  
Principal amount                           $ 46,900      
Percentage of ownership interest of related party in the entity                           17.60%      
Percentage of maximum loss-sharing obligation unpaid principal balance                           5.00%      
Servicing revenue             $ 100 100 $ 100                
Related Party | Maturity date of March 2025 | Other Related Party Transactions                                  
Agreements and Transactions with Related Parties                                  
Base spread (as a percent)                 5.50%                
Related Party | Mature date of April 2030 | Multifamily | Other Related Party Transactions                                  
Agreements and Transactions with Related Parties                                  
Number of properties owned | property                     2            
Related Party | Maturity Date Of June 2021 | Other Related Party Transactions                                  
Agreements and Transactions with Related Parties                                  
Interest income                     $ 500            
Related Party | Maturity date of March 2030 | Private Label | Other Related Party Transactions | Lexford Portfolio                                  
Agreements and Transactions with Related Parties                                  
Principal amount                     $ 34,600            
Fixed rate of interest (as a percent)                     3.30%            
Related Party | Preferred equity investments | Other Related Party Transactions                                  
Agreements and Transactions with Related Parties                                  
Equity investment           $ 10,000 10,000                    
Related Party | Preferred equity investments | Single-Family Rental | Other Related Party Transactions                                  
Agreements and Transactions with Related Parties                                  
Investment made                     $ 4,600            
Related Party | Preferred equity investments | Matures in April 2023 | Other Related Party Transactions                                  
Agreements and Transactions with Related Parties                                  
Fixed rate of interest (as a percent)                     12.00%            
Related Party | Preferred equity investments | Maturity date of September 2019 | Multifamily | Other Related Party Transactions                                  
Agreements and Transactions with Related Parties                                  
Equity investment                     $ 3,400            
Related Party | Mezzanine Loans | Other Related Party Transactions | AMAC III                                  
Agreements and Transactions with Related Parties                                  
Principal amount                       $ 7,000          
Related Party | Mezzanine Loans | Single-Family Rental | Other Related Party Transactions                                  
Agreements and Transactions with Related Parties                                  
Interest income             300 300 $ 300                
Related Party | Mezzanine Loans | Mature date of April 2030 | Other Related Party Transactions                                  
Agreements and Transactions with Related Parties                                  
Fixed rate of interest (as a percent)                     9.00%            
Related Party | Bridge Loans | Other Related Party Transactions                                  
Agreements and Transactions with Related Parties                                  
Principal amount           35,000 35,000                    
Equity participation interest (as a percentage)                     18.90%            
Related Party | Bridge Loans | Other Related Party Transactions | AMAC III                                  
Agreements and Transactions with Related Parties                                  
Principal amount                       34,000          
Related Party | Bridge Loans | Single-Family Rental | Other Related Party Transactions                                  
Agreements and Transactions with Related Parties                                  
Loan committed             39,500       $ 32,500            
Investment made                     3,500            
Loan committed upsized                               $ 39,900 $ 38,800
Related Party | Bridge Loans | Maturity Date July 2027                                  
Agreements and Transactions with Related Parties                                  
Interest income             100                    
Related Party | Bridge Loans | Maturity Date July 2027 | Other Related Party Transactions                                  
Agreements and Transactions with Related Parties                                  
Principal amount   $ 62,400                              
Loan committed             0                    
Equity participation interest (as a percentage)   3.34%                              
Base spread (as a percent)   4.25%                              
SOFR floor (as a percentage)   3.50%                              
Related Party | Bridge Loans | Maturity Date May 2027                                  
Agreements and Transactions with Related Parties                                  
Interest income             200                    
Related Party | Bridge Loans | Maturity Date May 2027 | Other Related Party Transactions                                  
Agreements and Transactions with Related Parties                                  
Principal amount     $ 42,500                            
Loan committed             4,500                    
Equity participation interest (as a percentage)     2.28%                            
Base spread (as a percent)     4.25%                            
SOFR floor (as a percentage)     3.50%                            
Related Party | Bridge Loans | Matures in December 2025                                  
Agreements and Transactions with Related Parties                                  
Interest income             3,200 400                  
Related Party | Bridge Loans | Matures in December 2025 | Other Related Party Transactions                                  
Agreements and Transactions with Related Parties                                  
Principal amount       $ 56,900                          
Loan committed             50,100                    
Equity participation interest (as a percentage)       4.00%                          
Base spread (as a percent)       5.50%                          
SOFR floor (as a percentage)       3.25%                          
Number of officers | officer       2                          
Equity investment       $ 500                          
Number of extension options | extension       2                          
Extension of maturity date (in years)       6 months                          
Related Party | Bridge Loans | Maturity date of March 2025                                  
Agreements and Transactions with Related Parties                                  
Interest income             700 200                  
Related Party | Bridge Loans | Maturity date of March 2025 | Other Related Party Transactions                                  
Agreements and Transactions with Related Parties                                  
Principal amount                 $ 46,200                
Loan committed             7,400                    
Equity participation interest (as a percentage)                 70.00%                
Related Party | Bridge Loans | Maturity date of May 2025 | Other Related Party Transactions                                  
Agreements and Transactions with Related Parties                                  
Principal amount                 $ 67,100                
Loan committed             37,000                    
Equity participation interest (as a percentage)                 2.25%                
Base spread (as a percent)                 4.63%                
SOFR floor (as a percentage)                 0.25%                
Interest income             1,600 200 $ 100                
Related Party | Bridge Loans | Maturity date of May 2025 | Single-Family Rental | Other Related Party Transactions                                  
Agreements and Transactions with Related Parties                                  
Loan committed                     $ 30,500            
Related Party | Bridge Loans | Maturity date of March 2025, Committed February 2022 | Other Related Party Transactions                                  
Agreements and Transactions with Related Parties                                  
Principal amount                 $ 39,400                
Loan committed             32,300                    
Equity participation interest (as a percentage)                 2.25%                
Base spread (as a percent)                 4.00%                
SOFR floor (as a percentage)                 0.25%                
Interest income             1,900 400 $ 100                
Related Party | Bridge Loans | Maturity date of March 2024 | Other Related Party Transactions                                  
Agreements and Transactions with Related Parties                                  
Loan committed                   $ 63,400              
Base spread (as a percent)         3.75%         3.75%              
SOFR floor (as a percentage)                   0.25%              
Interest income               5,600 3,700                
Related Party | Bridge Loans | Matures in May 2023 | Other Related Party Transactions                                  
Agreements and Transactions with Related Parties                                  
Base spread (as a percent)                     4.25%            
SOFR floor (as a percentage)                     1.00%            
Amount invested           33,800 33,800                    
Related Party | Bridge Loans | Matures in April 2023 | Other Related Party Transactions                                  
Agreements and Transactions with Related Parties                                  
Interest income             4,400 3,600 1,600                
Related Party | Bridge Loans | Maturity Date Of June 2021 | Other Related Party Transactions                                  
Agreements and Transactions with Related Parties                                  
Principal amount                         $ 280,500        
Number of bridge loans originated | loan                         12        
Number of multifamily properties renovated | property                         72        
Related Party | Bridge Loans | Maturity Date Of June 2021 | Other Related Party Transactions | Lexford Portfolio                                  
Agreements and Transactions with Related Parties                                  
Base spread (as a percent)                         4.00%        
Paydowns of principal made by borrower                       $ 250,000          
Unsecured financing provided by an unsecured lender to certain parent entities of the property owners                         $ 50,000        
Related Party | Bridge loan, two multifamily properties | Mature date of April 2030 | Other Related Party Transactions                                  
Agreements and Transactions with Related Parties                                  
Principal amount                     $ 14,800            
Percentage of ownership interest of related party in the entity                     50.00%            
Related Party | Bridge loan, one multifamily property | Other Related Party Transactions                                  
Agreements and Transactions with Related Parties                                  
Principal amount                         $ 21,700        
Financing receivable, specific reserve           $ 5,500                      
Related Party | Bridge loan, one multifamily property | Mature date of April 2030 | Other Related Party Transactions                                  
Agreements and Transactions with Related Parties                                  
Principal amount                     $ 35,400            
Variable rate, spread (as a percent)                     3.50%            
Related Party | Bridge loan, one multifamily property | Maturity Date Of February 2025 | Other Related Party Transactions                                  
Agreements and Transactions with Related Parties                                  
Base spread (as a percent)                         4.75%        
SOFR floor (as a percentage)                         0.25%        
Interest income             2,200 2,200 1,400                
Percentage of ownership interest of related party in the entity                         75.00%        
Related Party | Bridge loan, one multifamily property | Maturity Date Of February 2025 | Other Related Party Transactions | Subsequent Event                                  
Agreements and Transactions with Related Parties                                  
Financing receivable modified, weighted average term increase from modification 2 years                                
Deposit made in exchange for modification $ 3,000                                
Future paydown $ 2,500                                
Related Party | Ginkgo Investment Company LLC | Fannie Mae Mortgage | Other Related Party Transactions                                  
Agreements and Transactions with Related Parties                                  
Servicing revenue             $ 100 100 $ 100                
Loan purchased a multifamily apartment complex which assumed                           $ 8,300      
Percentage of ownership after transaction             3.60%                    
Immediate Family Member of Management or Principal Owner | Other Related Party Transactions | LLC                                  
Agreements and Transactions with Related Parties                                  
Ownership interest (as a percent)         10.00%         10.00%              
Immediate Family Member of Management or Principal Owner | Maturity date of March 2025 | Other Related Party Transactions                                  
Agreements and Transactions with Related Parties                                  
Percentage of ownership interest of related party in the entity                 10.00%                
Immediate Family Member of Management or Principal Owner | Matures in October 2023 | Preferred equity interest financing agreement | Other Related Party Transactions                                  
Agreements and Transactions with Related Parties                                  
Interest income             $ 4,200 2,800 $ 1,300                
Immediate Family Member of Management or Principal Owner | Preferred equity investments | Matures in October 2023 | Other Related Party Transactions                                  
Agreements and Transactions with Related Parties                                  
Fixed rate of interest (as a percent)                     12.00%            
Immediate Family Member of Management or Principal Owner | Bridge Loans | Other Related Party Transactions                                  
Agreements and Transactions with Related Parties                                  
Equity participation interest (as a percentage)                     21.80%            
Immediate Family Member of Management or Principal Owner | Bridge Loans | Matures in October 2023 | Other Related Party Transactions                                  
Agreements and Transactions with Related Parties                                  
Base spread (as a percent)                     3.75%            
SOFR floor (as a percentage)                     0.75%            
Chief Executive Officer | Other Related Party Transactions                                  
Agreements and Transactions with Related Parties                                  
Percentage of our former Manager's outstanding membership interest of related party in another related party           35.00% 35.00%                    
Chief Executive Officer | Chief Executive Officer | Other Related Party Transactions                                  
Agreements and Transactions with Related Parties                                  
Ownership interest limit of our common stock under company charter (as a percent)           5.00% 5.00%                    
Chief Executive Officer | Mezzanine Loans | Other Related Party Transactions                                  
Agreements and Transactions with Related Parties                                  
Fixed rate of interest (as a percent)                       10.00%          
Chief Executive Officer | Bridge loan, six multifamily properties | Maturity date of September 2019 | Other Related Party Transactions                                  
Agreements and Transactions with Related Parties                                  
Interest income             $ 200 $ 200 $ 200                
Chief Executive Officer | Bridge loan, six multifamily properties | Maturity date of September 2019 | Minimum | Other Related Party Transactions                                  
Agreements and Transactions with Related Parties                                  
Percentage of ownership interest of related party in the entity                       10.50%          
Chief Executive Officer | Bridge loan, six multifamily properties | Maturity date of September 2019 | Maximum | Other Related Party Transactions                                  
Agreements and Transactions with Related Parties                                  
Percentage of ownership interest of related party in the entity                       12.00%          
Director | Ginkgo Investment Company LLC | Other Related Party Transactions                                  
Agreements and Transactions with Related Parties                                  
Percentage of managing member                           33.00%