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Real Estate Owned - Brooklyn Multifamily Development - Additional Information (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Jun. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Feb. 28, 2025
Dec. 31, 2024
Dec. 31, 2022
Real Estate [Line Items]                
Debt related to real estate owned, held for investment, net $ 402,945     $ 402,945     $ 324,587  
Commercial mortgage loans, net 8,303,645     8,303,645     7,104,156  
Financing receivable, construction and finance costs capitalized 22,700 $ 44,000   $ 75,700 $ 121,400      
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]     Secured Overnight Financing Rate [Member] Secured Overnight Financing Rate [Member]        
Debt instrument, covenant, unencumbered liquidity, threshold 100,000     $ 100,000        
Debt instrument, covenant, net worth threshold 600,000     600,000        
Aggregate Notional Amount (in thousands)     $ 73,700          
Real estate owned, accumulated depreciation 31,035     31,035     23,266  
Net loss 700 $ 1,900   6,900 $ 8,100      
Interest rate caps | Not Designated as Hedging Instrument                
Real Estate [Line Items]                
Aggregate Notional Amount (in thousands) 238,535     238,535     238,535  
Derivative Financial Instruments, Assets | Interest rate caps | Not Designated as Hedging Instrument                
Real Estate [Line Items]                
Aggregate Notional Amount (in thousands) 100     100     400  
Letter of Credit                
Real Estate [Line Items]                
Maximum amount of borrowings 388,400     $ 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 329,800     $ 329,800     252,000  
Less: deferred financing costs 1,100     1,100     2,000  
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%
Subordinate Mortgage Portfolio Segment                
Real Estate [Line Items]                
Commercial mortgage loans, net 153,790 [1]     $ 153,790 [1]   $ 24,000 388,809 [1]  
Multifamily Development - Brooklyn, NY                
Real Estate [Line Items]                
Interest rate for repurchase facility       2.55%        
Net loss (800)     $ (800)        
Multifamily Development - Brooklyn, NY | Building                
Real Estate [Line Items]                
Real estate owned, held for investment, net 393,200     393,200        
Real estate owned, accumulated depreciation 100     100        
Multifamily Development - Brooklyn, NY | Furniture Fixtures and Equipment                
Real Estate [Line Items]                
Real estate owned, accumulated depreciation 2,100     2,100        
Deed-In-Lieu Of Foreclosure                
Real Estate [Line Items]                
Commercial mortgage loans, net 616,600     616,600     540,900  
Capitalized construction and financing costs $ 393,300     $ 393,300     $ 319,700  
[1] Net of $374,257 and $373,336 CECL Allowances comprised $39,257 and $30,836 General CECL Allowance in 2025 and 2024, respectively, and $335,000 and $342,500 Specific CECL Allowance in 2025 and 2024, respectively.