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Commercial Mortgage Loans, Subordinate Loans and Other Lending Assets, Net - Schedule of Activity Relating to Loan Portfolio (Details) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Principal Balance      
Principal value, beginning balance $ 7,134,992    
New loan fundings 1,376,101 $ 495,280  
Principal value, ending balance 8,663,758    
Specific CECL Allowance      
Specific provision for loan loss, beginning (30,836)    
Specific provision for loan loss, ending (38,848)    
Carry Value, Net      
Payments to Fund Commercial Mortgage Loans 1,376,101 495,280  
Valuation allowance, loan held for sale 0 (679)  
General CECL allowance (38,848)   $ (30,836)
Carrying value, net 8,664,874   $ 7,145,356
Commercial Mortgage and Subordinated Portfolio Segment      
Principal Balance      
Principal value, beginning balance 7,550,410    
New loan fundings 1,376,101    
Add-on loan fundings 467,200    
Loan repayments and sale (724,016)    
Gain (loss) on foreign currency translation 425,832    
Principal value, ending balance 9,095,527    
Deferred Fees/Other Items      
Deferred fees/other items, beginning (31,718)    
Gain (loss) on foreign currency translation (1,668)    
Valuation allowance, loans and other lending assets held for sale (1,236)    
Deferred fees and other items (26,899)    
Amortization of fees 12,216    
Deferred fees/other items, ending (49,305)    
Specific CECL Allowance      
Specific provision for loan loss, beginning (342,500) (193,000)  
Specific provision for loan loss, ending (342,500) $ (342,500)  
Carry Value, Net      
Carrying value, beginning balance 7,176,192    
Payments to Fund Commercial Mortgage Loans 1,376,101    
Add-on loan fundings 467,200    
Loan repayments (724,016)    
Gain (loss) on foreign currency translation 424,164    
Valuation allowance, loans and other lending assets held for sale (1,236)    
Deferred fees and other items (26,899)    
Amortization of fees 12,216    
Carrying value, ending balance $ 8,703,722