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Loans Held for Investment at Amortized Cost and Loans Held for Investment at Fair Value - Summary of Loans Held for Investment (Details) - USD ($) $ in Thousands | Mar. 31, 2026 | Dec. 31, 2025 | Mar. 31, 2025 | Dec. 31, 2024
--- | --- | --- | --- | ---
Accounts Notes And Loans Receivable [Line Items] |  |  |  |
Allowance for loan losses | $ (4,860) | $ (4,521) | $ (5,017) | $ (4,174)
Loans At Amortized Cost Held For Investment |  |  |  |
Accounts Notes And Loans Receivable [Line Items] |  |  |  |
Unpaid principal balance | 1,937,474 | 2,013,514 |  |
Deferred loan origination costs, net | 18,416 | 19,269 |  |
Total, gross | 1,955,890 | 2,032,783 |  |
Allowance for loan losses | (4,860) | (4,521) |  |
Total loans held for investment | 1,951,030 | 2,028,262 |  |
Loans At Fair Value Held For Investment |  |  |  |
Accounts Notes And Loans Receivable [Line Items] |  |  |  |
Unpaid principal balance | 4,899,070 | 4,477,824 |  |
Valuation adjustments on performing FVO loans | 307,626 | 300,344 |  |
Valuation adjustments on nonperforming FVO loans | (52,188) | (48,299) |  |
Total, gross | 5,154,508 | 4,729,869 |  |
Total loans held for investment | 5,154,508 | 4,729,869 |  |
Total Loans Held For Investment |  |  |  |
Accounts Notes And Loans Receivable [Line Items] |  |  |  |
Unpaid principal balance | 6,836,544 | 6,491,338 |  |
Valuation adjustments on performing FVO loans | 307,626 | 300,344 |  |
Valuation adjustments on nonperforming FVO loans | (52,188) | (48,299) |  |
Deferred loan origination costs, net | 18,416 | 19,269 |  |
Total, gross | 7,110,398 | 6,762,652 |  |
Allowance for loan losses | (4,860) | (4,521) |  |
Total loans held for investment | $ 7,105,538 | $ 6,758,131 |  |

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