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Loans and Investments - Loan Resolution (Details)
$ in Thousands
1 Months Ended 3 Months Ended 12 Months Ended
Mar. 31, 2026
USD ($)
Dec. 31, 2025
USD ($)
Oct. 31, 2025
USD ($)
Jun. 30, 2025
USD ($)
property
Apr. 30, 2025
USD ($)
property
Mar. 31, 2026
USD ($)
Mar. 31, 2025
USD ($)
Dec. 31, 2025
USD ($)
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                
Bridge loans, total UPB           $ 337,364   $ 384,930
Provision for credit losses           3,460 $ 5,970  
Loans and investments $ 11,997,293 $ 12,113,107       11,997,293   12,113,107
Loan reserve             $ 406  
Loan loss reserves           18,208   128,337
Bridge loans                
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                
Loans and investments 9,500         $ 9,500    
Bridge loans | Financing Receivable, Period One                
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                
Financing receivable, fixed interest rate           0.0517    
Bridge loans | Financing Receivable, Period Two                
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                
Financing receivable, fixed interest rate           0.0617    
Houston, Texas Properties | Bridge loans                
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                
Bridge loans, total UPB $ 25,000              
Financing receivable, basis spread on variable rate 0.0325              
Financing receivable, floor interest rate 0.0015              
Financing receivable, after allowance for credit loss $ 24,800         $ 24,800    
Provision for credit losses 1,800              
Loan loss reserves $ 1,800              
Sale Of Houston, Texas Properties | Bridge loans                
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                
Financing receivable, basis spread on variable rate 0.0250              
Financing receivable, floor interest rate 0.0200              
Proceeds from sale of real estate $ 25,000              
Loans and investments $ 24,500         $ 24,500    
Joshua, Texas Properties | Bridge loans                
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                
Bridge loans, total UPB     $ 16,500          
Financing receivable, basis spread on variable rate     0.0475          
Financing receivable, floor interest rate     0.0524          
Financing receivable, after allowance for credit loss     $ 16,400          
Sale Of Joshua, Texas Properties | Bridge loans                
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                
Financing receivable, basis spread on variable rate     0.0170          
Proceeds from sale of real estate     $ 16,500          
Loans and investments     $ 15,500          
Financing receivable, fixed interest rate     0.0568          
Loss on sale of loans     $ 200          
Houston Properties | Bridge loans                
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                
Bridge loans, total UPB     $ 31,200          
Financing receivable, basis spread on variable rate     0.0425          
Financing receivable, floor interest rate     0.0251          
Financing receivable, after allowance for credit loss     $ 25,100          
Loan loss reserves related to VIEs     2,500          
Loan reserve     800          
Loan loss reserves     $ 1,700          
Sale Of Houston Properties | Bridge loans                
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                
Financing receivable, basis spread on variable rate   0.0250            
Proceeds from sale of real estate   $ 30,000            
Loans and investments   $ 29,500           $ 29,500
Financing receivable, fixed interest rate   0.0450            
San Antonio Properties                
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                
Number of foreclosed properties | property       3        
San Antonio Properties | Bridge loans                
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                
Bridge loans, total UPB       $ 77,700        
Financing receivable, floor interest rate       0.0050        
Financing receivable, after allowance for credit loss       $ 66,600        
Provision for credit losses       $ 5,900        
Financing receivable, fixed interest rate       0.0525        
Loan loss reserves related to VIEs       $ 3,500        
Loan loss reserves       9,400        
Sale Of San Antonio Properties                
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                
Proceeds from sale of real estate       65,000        
Loss on sale of loans       800        
Sale Of San Antonio Properties | Bridge loans                
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                
Loans and investments       $ 65,000        
Sale Of San Antonio Properties | Bridge loans | Financing Receivable, Periods One And Two                
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                
Financing receivable, basis spread on variable rate       0.0200        
Sale Of San Antonio Properties | Bridge loans | Financing Receivable, Period Three                
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                
Financing receivable, basis spread on variable rate       0.0300        
Financing receivable, floor interest rate       0.0625        
Sale Of San Antonio Properties | Bridge loans | Financing Receivable, Period One                
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                
Financing receivable, floor interest rate       0.0425        
Sale Of San Antonio Properties | Bridge loans | Financing Receivable, Period Two                
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                
Financing receivable, floor interest rate       0.0525        
Austin Properties                
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                
Number of foreclosed properties | property         2      
Austin Properties | Bridge loans                
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                
Bridge loans, total UPB         $ 21,200      
Financing receivable, basis spread on variable rate         0.0400      
Financing receivable, floor interest rate         0.0025      
Financing receivable, after allowance for credit loss         $ 21,700      
Provision for credit losses         $ 1,000      
Sale Of Austin Properties                
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                
Proceeds from sale of real estate       $ 20,700        
Loss on sale of loans       100        
Sale Of Austin Properties | Bridge loans                
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                
Loans and investments       $ 19,200        
Sale Of Austin Properties | Bridge loans | Financing Receivable, Period One                
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                
Financing receivable, basis spread on variable rate       0.0200        
Sale Of Austin Properties | Bridge loans | Financing Receivable, Period Two                
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                
Financing receivable, basis spread on variable rate       0.0300        
Orange Park Properties                
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                
Number of foreclosed properties | property         2      
Orange Park Properties | Bridge loans                
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                
Bridge loans, total UPB         $ 17,000      
Financing receivable, basis spread on variable rate         0.0438      
Financing receivable, floor interest rate         0.0246      
Financing receivable, after allowance for credit loss         $ 15,700      
Provision for credit losses         $ 300      
Sale Of Orange Park Properties                
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                
Proceeds from sale of real estate       $ 15,400        
Loss on sale of loans       $ 600        
Sale Of Orange Park Properties | Bridge loans                
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]                
Financing receivable, basis spread on variable rate       0.0150        
Loans and investments       $ 14,800