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Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Real estate owned, accumulated depreciation $ 28,252 $ 23,266
Preferred stock, par value (in dollars per share) $ 0.01 $ 0.01
Preferred stock, shares authorized 50,000,000 50,000,000
Preferred stock, liquidation preference $ 169,260 $ 169,260
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized 450,000,000 450,000,000
Common stock, shares issued 138,943,831 138,174,636
Common stock, shares outstanding 138,943,831 138,174,636
Collateral pledged under secured debt arrangements $ 8,663,758 $ 7,134,992
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss $ 366,900 486,800
Financing receivable, pledged status us-gaap:AssetPledgedAsCollateralMember  
CECL allowance $ 381,348 373,336
Specific CECL Allowance 342,500 342,500
General CECL allowance 38,848 30,836
General CECL allowance on unfunded commitments $ 5,057 $ 5,948
Series B-1 Preferred Stock    
Preferred stock, shares outstanding 6,770,393 6,770,393
Preferred stock, shares issued 6,770,393 6,770,393
Commercial Mortgage Portfolio Segment    
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss $ 8,354,633 $ 6,715,347
Secured Debt Arrangements    
Collateral pledged under secured debt arrangements $ 79,791