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Real Estate Owned - Narrative (Details)
$ in Thousands
3 Months Ended
Mar. 31, 2025
USD ($)
loan
property
Mar. 31, 2024
USD ($)
Dec. 31, 2024
USD ($)
property
Real Estate [Line Items]      
Financing receivable, specific reserve $ 5,200 $ 17,000  
Repayments of mortgage notes outstanding 49,134 0  
Loans and investments 11,489,393   $ 11,304,956
Mortgage notes payable — real estate owned 123,851   74,897
Depreciation expense related to real estate owned 2,700 $ 800  
Real estate owned, restricted cash $ 1,500   2,900
Prime Rate      
Real Estate [Line Items]      
Mortgage notes payable, basis spread on variable rate 1.10%    
Secured Overnight Financing Rate (SOFR)      
Real Estate [Line Items]      
Mortgage notes payable, basis spread on variable rate 3.25%    
Sold Real Estate Owned Assets      
Real Estate [Line Items]      
Proceeds from sale of REO asset $ 77,000    
Repayments of mortgage notes outstanding 49,100    
Gain on sale of REO asset 1,900    
Loss on sale of real estate assets $ 2,800    
Sold Real Estate Owned Assets | Bridge loans      
Real Estate [Line Items]      
Number of new loans originated | loan 2    
Loans and investments $ 77,000    
Sold Real Estate Owned Assets, Loan One | Bridge loans | Financing Receivable, Period One      
Real Estate [Line Items]      
Financing receivable, fixed interest rate 0.0475    
Sold Real Estate Owned Assets, Loan One | Bridge loans | Financing Receivable, Period Two      
Real Estate [Line Items]      
Financing receivable, fixed interest rate 0.0550    
Sold Real Estate Owned Assets, Loan One | Bridge loans | Financing Receivable, Period Three      
Real Estate [Line Items]      
Financing receivable, fixed interest rate 0.0600    
Sold Real Estate Owned Assets, Loan Two | Bridge loans      
Real Estate [Line Items]      
Financing receivable, basis spread on variable rate 0.0200    
Mortgages      
Real Estate [Line Items]      
Mortgage notes payable — real estate owned $ 123,900   $ 74,900
Multifamily      
Real Estate [Line Items]      
Number of real estate properties | property 9   4
Weighted average occupancy rate 48.00%   77.00%
Multifamily | Foreclosed Real Estate Owned Assets      
Real Estate [Line Items]      
Number of foreclosed real estate properties | loan 7    
Foreclosed properties, carrying value $ 192,700    
Financing receivable, specific reserve 4,000    
Loss on foreclosure $ 1,800    
Multifamily | Sold Real Estate Owned Assets      
Real Estate [Line Items]      
Number of real estate properties sold | property 2    
Office      
Real Estate [Line Items]      
Number of real estate properties | property 2   2
Land      
Real Estate [Line Items]      
Number of real estate properties | property 2   2