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Real Estate Owned - Narrative (Details)
$ in Thousands
3 Months Ended
Mar. 31, 2026
USD ($)
loan
property
Mar. 31, 2025
USD ($)
Dec. 31, 2025
USD ($)
property
Real Estate [Line Items]      
Loans and investments $ 11,997,293   $ 12,113,107
Impairment loss on real estate owned $ 12,500 $ 0  
Number of impaired properties | property 6    
Notes payable - real estate owned $ 253,189   222,965
Depreciation expense related to real estate owned $ 6,100 $ 2,700  
Prime Rate      
Real Estate [Line Items]      
Mortgage notes payable, basis spread on variable rate 2.50%    
Secured Overnight Financing Rate (SOFR)      
Real Estate [Line Items]      
Mortgage notes payable, basis spread on variable rate 3.25%    
Mortgages      
Real Estate [Line Items]      
Notes payable - real estate owned $ 253,200   $ 223,000
Bridge loans      
Real Estate [Line Items]      
Loans and investments 9,500    
Renovation funding $ 2,500    
Bridge loans | Financing Receivable, Period One      
Real Estate [Line Items]      
Financing receivable, fixed interest rate 0.0517    
Financing receivable, floor interest rate, basis spread on variable rate 1.50%    
Bridge loans | Financing Receivable, Period Two      
Real Estate [Line Items]      
Financing receivable, fixed interest rate 0.0617    
Financing receivable, floor interest rate, basis spread on variable rate 2.50%    
Sold Real Estate Owned Assets      
Real Estate [Line Items]      
Proceeds from sale of REO asset $ 8,000    
Loss on sale of REO asset 2,000    
Loss on sale of real estate assets $ 100    
Multifamily      
Real Estate [Line Items]      
Weighted average occupancy rate 49.00%   45.00%
Number of vacant real estate properties | property 3   2
Multifamily | Foreclosed Real Estate Owned Assets      
Real Estate [Line Items]      
Number of foreclosed real estate properties | loan 2    
Number of collateral properties | property 1    
Foreclosed properties, carrying value $ 34,000