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Equity Investments, at Fair Value - Schedule of Equity Investments Accounted under the Equity Method (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Equity Method Investments | Multi-Family Preferred Equity Ownership Interests      
Schedule of Equity Method Investments [Line Items]      
Fair Value $ 53,251   $ 73,436
Equity Method Investments | Joint Venture Equity Investments in Multi-Family Properties      
Schedule of Equity Method Investments [Line Items]      
Fair Value 1,111   1,338
Equity Method Investments | Single-Family Equity Ownership Interests      
Schedule of Equity Method Investments [Line Items]      
Fair Value 39,637   38,718
Equity Method Investments | Preferred Equity Ownership Interests      
Schedule of Equity Method Investments [Line Items]      
Fair Value $ 93,999   $ 113,492
Lucie at Tradition Holdings, LLC | Equity Method Investments | Multi-Family Preferred Equity Ownership Interests      
Schedule of Equity Method Investments [Line Items]      
Ownership Interest 70.00%   70.00%
Fair Value $ 22,428   $ 21,821
Hudson Bridge Apartments, LLC - Series A, Briar Hill Apartments, LLC, Kings Glen Apartments, LLC, Flagstone Apartments, LLC, Brookfield Apartments II, LLC - Series B, and Silber JBSM Properties, LLC (collectively) | Equity Method Investments | Multi-Family Preferred Equity Ownership Interests      
Schedule of Equity Method Investments [Line Items]      
Ownership Interest 58.00%   58.00%
Fair Value $ 9,549   $ 9,322
Tides on 27th Investors, LLC | Equity Method Investments | Multi-Family Preferred Equity Ownership Interests      
Schedule of Equity Method Investments [Line Items]      
Ownership Interest 54.00%   54.00%
Fair Value $ 10,428   $ 10,245
Rapid City RMI JV LLC | Equity Method Investments | Multi-Family Preferred Equity Ownership Interests      
Schedule of Equity Method Investments [Line Items]      
Ownership Interest 50.00%   50.00%
Fair Value $ 10,846   $ 10,637
EHOF-NYMT Sunset Apartments Preferred, LLC | Equity Method Investments | Multi-Family Preferred Equity Ownership Interests      
Schedule of Equity Method Investments [Line Items]      
Ownership Interest 0.00%   57.00%
Fair Value $ 0   $ 21,411
GWR Cedars Partners, LLC | Equity Method Investments | Joint Venture Equity Investments in Multi-Family Properties      
Schedule of Equity Method Investments [Line Items]      
Ownership Interest 70.00%   70.00%
Fair Value $ 0   $ 141
GWR Gateway Partners, LLC | Equity Method Investments | Joint Venture Equity Investments in Multi-Family Properties      
Schedule of Equity Method Investments [Line Items]      
Ownership Interest 70.00%   70.00%
Fair Value $ 1,111   $ 1,197
Constructive Loans, LLC      
Schedule of Equity Method Investments [Line Items]      
Purchase of residential loans $ 150,700 $ 40,800  
Constructive Loans, LLC | Equity Method Investments | Single-Family Equity Ownership Interests      
Schedule of Equity Method Investments [Line Items]      
Ownership Interest 50.00%   50.00%
Fair Value $ 39,637   $ 38,718