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CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Class Of Stock [Line Items]    
Allowance for credit losses $ 4,586 $ 4,174
Common stock, par or stated value per share $ 0.01 $ 0.01
Common stock, shares authorized 100,000,000 100,000,000
Common stock, shares issued 39,508,370 33,761,147
Common stock, shares, outstanding 38,900,030 33,545,585
Treasury stock, common shares 608,340 215,562
ASSETS    
Restricted cash $ 18,846 $ 20,929
Loans held for investment, at amortized cost 2,127,170 2,420,116
Loans held for investment, at fair value 4,371,317 2,766,951
Real estate owned, net 113,700 68,000
Deferred tax asset 16,625 13,612
Other assets 7,531 5,674
Total assets 6,958,683 5,527,408
LIABILITIES    
Accounts payable and accrued expenses 170,584 147,814
Total liabilities 6,321,227 5,007,193
Variable Interest Entity Primary Beneficiary    
ASSETS    
Restricted cash 14,188 9,847
Loans held for investment, at amortized cost 2,123,222 2,395,394
Loans held for investment, at fair value 3,834,125 2,264,641
Accrued interest and other receivables 173,110 145,891
Real estate owned, net 113,700 57,838
Deferred tax asset 1,130 272
Other assets 7  
Total assets 6,259,482 4,873,883
LIABILITIES    
Accounts payable and accrued expenses 123,417 96,895
Securitized debt 5,532,039 4,226,464
Total liabilities $ 5,655,456 $ 4,323,359