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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 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Jul. 15, 2025
Dec. 31, 2024
Equity Method Investments | Multi-Family Preferred Equity Ownership Interests            
Schedule of Equity Method Investments [Line Items]            
Fair Value $ 54,324   $ 54,324     $ 73,436
Equity Method Investments | Joint Venture Equity Investments in Multi-Family Properties            
Schedule of Equity Method Investments [Line Items]            
Fair Value 0   0     1,338
Equity Method Investments | Single-Family Equity Ownership Interests            
Schedule of Equity Method Investments [Line Items]            
Fair Value 37,116   37,116     38,718
Equity Method Investments | Preferred Equity Ownership Interests            
Schedule of Equity Method Investments [Line Items]            
Fair Value $ 91,440   $ 91,440     $ 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%     70.00%
Fair Value $ 23,048   $ 23,048     $ 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%     58.00%
Fair Value $ 9,787   $ 9,787     $ 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%     54.00%
Fair Value $ 10,418   $ 10,418     $ 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%     50.00%
Fair Value $ 11,071   $ 11,071     $ 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%   0.00%     57.00%
Fair Value $ 0   $ 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 0.00%   0.00%     70.00%
Fair Value $ 0   $ 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 0.00%   0.00%     70.00%
Fair Value $ 0   $ 0     $ 1,197
Constructive Loans LLC            
Schedule of Equity Method Investments [Line Items]            
Purchase of residential loans 78,000 $ 66,600 228,700 $ 107,400    
Sale of residential loans 18,100   18,100      
Gain on sale of residential loans $ 200   $ 200      
Constructive Loans LLC | Equity Method Investments | Subsequent Event            
Schedule of Equity Method Investments [Line Items]            
Additional ownership percentage acquired         50.00%  
Constructive Loans LLC | Equity Method Investments | Single-Family Equity Ownership Interests            
Schedule of Equity Method Investments [Line Items]            
Ownership Interest 50.00%   50.00%     50.00%
Fair Value $ 37,116   $ 37,116     $ 38,718