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Real Estate Owned - Brooklyn Multifamily Development - Additional Information (Details) - USD ($)
$ in Thousands

3 Months Ended

12 Months Ended

Jun. 30, 2022

Jun. 30, 2021

Dec. 31, 2024

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2020

Jun. 30, 2024

Aug. 31, 2022

Jun. 30, 2020

Dec. 31, 2015

Real Estate [Line Items]

Debt related to real estate owned, held for investment, net

$ 324,587

$ 161,562

Increase in Specific CECL Allowance, net

$ 11,500

Increase in Specific CECL Allowance, net

$ (10,000)

$ (20,000)

Mortgage loans on real estate, commercial and consumer, net

7,104,156

^[1]

8,358,093

Realized gain (loss) on investments

(128,191)

(86,604)

18,683

Less: deferred financing costs

$ 17,600

25,200

Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]

Secured Overnight Financing Rate [Member]

Debt instrument, covenant, unencumbered liquidity, threshold

$ 100,000

Debt instrument, covenant, net worth threshold

600,000

Aggregate Notional Amount (in thousands)

$ 73,700

Interest rate caps

Real Estate [Line Items]

Aggregate Notional Amount (in thousands)

$ 1,100

Interest rate caps | Not Designated as Hedging Instrument

Real Estate [Line Items]

Aggregate Notional Amount (in thousands)

238,535

164,835

Derivative Financial Instruments, Assets | Interest rate caps | Not Designated as Hedging Instrument

Real Estate [Line Items]

Aggregate Notional Amount (in thousands)

400

1,400

Letter of Credit

Real Estate [Line Items]

Maximum amount of borrowings

$ 388,400

Line of credit facility, option to extend, period

1 year

Mortgages

Real Estate [Line Items]

Debt related to real estate owned, held for investment, net

$ 252,000

161,600

Less: deferred financing costs

$ 2,000

3,200

JV Partner

Real Estate [Line Items]

Financing receivable, loan in process

$ 164,800

JV Partner | Joint venture

Real Estate [Line Items]

Equity method investment, ownership percentage

100.00%

100.00%

Subordinate Mortgage Portfolio Segment

Real Estate [Line Items]

Mortgage loans on real estate, commercial and consumer, net

^[2],[3]

$ 388,809

432,734

Multifamily Development - Brooklyn, NY

Real Estate [Line Items]

Interest rate for repurchase facility

2.55%

Multifamily Development - Brooklyn, NY | Subordinate Mortgage Portfolio Segment

Real Estate [Line Items]

Debt related to real estate owned, held for investment, net

$ 122,200

Increase in Specific CECL Allowance, net

$ (30,000)

Deed-In-Lieu Of Foreclosure

Real Estate [Line Items]

Mortgage loans on real estate, commercial and consumer, net

$ 540,900

374,200

$ 226,500

Real estate investment property, net

270,100

$ 270,100

Realized gain (loss) on investments

43,600

Financing receivable, construction and finance costs capitalized

166,700

71,500

$ 32,700

Capitalized costs

$ 319,700

$ 152,900

[1]	Excludes Note receivable, held for sale with an outstanding principal and carrying value of $41.2 million.
[2]	Includes carrying value of $232,991 as collateral under secured debt arrangements in 2023.
[3]	Net of $373,336 and $219,482 CECL Allowances comprised of $342,500 and $193,000 Specific CECL Allowance and $30,836 and $26,482 General CECL Allowance in 2024 and 2023, respectively.

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