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Secured Debt Arrangements, Net - Schedule of Net Income from VIE (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]      
Interest income from commercial mortgage loans $ 699,389 $ 701,002 $ 456,513
Net interest income 198,982 252,172 241,578
General and administrative expense (29,649) (29,520) (29,662)
Decrease (increase) in current expected credit loss allowance, net (155,784) (59,428) 17,623
Foreign currency translation gain (loss) (37,476) 52,031 (116,399)
Net income (loss) (119,636) 58,127 265,232
VIE      
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]      
Interest income from commercial mortgage loans 252,391 217,132 126,847
Interest expense (141,010) (113,910) (51,487)
Net interest income 111,381 103,222 75,360
General and administrative expense (6) (16) 0
Decrease (increase) in current expected credit loss allowance, net (2,131) 277 1,101
Foreign currency translation gain (loss) (22,802) 29,425 (62,058)
Net income (loss) $ 86,442 $ 132,908 $ 14,403