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v3.25.1

Secured Debt Arrangements, Net - Additional Information (Details) | 3 Months Ended |  |  |  |
--- | --- | --- | --- | --- | ---
Mar. 31, 2025 USD ($) | Mar. 31, 2024 USD ($) | Mar. 31, 2026 | Jun. 30, 2025 | Apr. 24, 2025 USD ($) | Dec. 31, 2024 USD ($)
Line of Credit Facility [Line Items] |  |  |  |  |  |
Weighted average haircut under repurchase agreements | 31.40% |  |  |  |  |
Long-term line of credit | $ 540,400,000 |  |  |  |  | $ 462,900,000
Debt instrument, covenant, interest coverage ratio, minimum | 1.3 |  |  |  |  |
Maximum interest coverage ratio | 4 |  |  |  |  |
Forecast |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |
Debt instrument, covenant, interest coverage ratio, minimum |  |  |  | 1.4 |  |
Maximum interest coverage ratio |  |  | 3.75 |  |  |
Subsequent Event |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |
Maximum amount of borrowings |  |  |  |  | $ 690,200,000,000 |
Barclays Securitization | Line of Credit | VIE |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |
Deferring or waiving debt service payments, term | 18 months |  |  |  |  |
Revolving Credit Facility | Line of Credit |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |
Line of credit facility, commitment fee amount | $ 80,000 |  |  |  |  |
Revolving Credit Facility | 2023 Revolving Credit Facility | Line of Credit |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |
Recourse, percentage | 5.00% |  |  |  |  |
Minimum unrestricted cash | $ 30,000,000 |  |  |  |  |
Net cash proceeds of additional equity issuances, amount | $ 1,250,000,000 |  |  |  |  |
Tangible net worth, percentage | 75.00% |  |  |  |  |
Revolving Credit Facility | 2023 Revolving Credit Facility | Bank of America, N.A. | Line of Credit |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |
Maximum amount of borrowings | $ 160,000,000 |  |  |  |  |
Maturity term | 3 years |  |  |  |  |
Line of credit facility, qualifying commercial loan borrowings, term | 2 years |  |  |  |  |
Line of credit facility, real property owned asset borrowings, term | 6 months |  |  |  |  |
Line of credit facility, commitment fee amount |  | $ 33,600 |  |  |  |
Line of credit facility, periodic payment, interest |  | $ 1,900,000 |  |  |  |
JP Morgan Facility | Line of Credit |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |
Line of credit facility, increase (decrease), net | $ 500,000,000 |  |  |  |  |
Debt instrument, extension term | 3 years 6 months |  |  |  |  |

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- Definition Debt Instrument, Covenant, Interest Coverage Ratio, Minimum + References No definition available. + Details
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- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)(a)(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1 + Details
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- Definition Amount of the fee for available but unused credit capacity under the credit facility. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-6 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
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- Definition Period remaining on line of credit facility before it terminates, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. + References No definition available. + Details
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-6 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-6 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(f)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1 + Details
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