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Collateralized Debt Obligations - Schedule of Mortgages Payable in Consolidated VIEs (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
Debt Instrument [Line Items]          
Carrying Value $ 3,577,459   $ 3,577,459   $ 2,978,444
Minimum          
Debt Instrument [Line Items]          
Debt instrument, interest rate increases, months after issuance     24 months    
Maximum          
Debt Instrument [Line Items]          
Debt instrument, interest rate increases, months after issuance     48 months    
Step-Up Interest Rate One          
Debt Instrument [Line Items]          
Debt instrument, interest rate increase, non-redemption 1.00%   1.00%    
Step-Up Interest Rate Two          
Debt Instrument [Line Items]          
Debt instrument, interest rate increase, non-redemption 1.50%   1.50%    
Step-Up Interest Rate Three          
Debt Instrument [Line Items]          
Debt instrument, interest rate increase, non-redemption 3.00%   3.00%    
Collateralized Debt Obligations | Secured Debt          
Debt Instrument [Line Items]          
Outstanding Face Amount $ 3,665,092   $ 3,665,092   3,070,314
Carrying Value 3,577,459   3,577,459   2,978,444
Collateralized Debt Obligations | Secured Debt | Consolidated SLST          
Debt Instrument [Line Items]          
Outstanding Face Amount 1,074,080   1,074,080   867,004
Carrying Value $ 1,016,952   $ 1,016,952   $ 811,591
Weighted average interest rate 3.36%   3.36%   3.49%
Collateralized Debt Obligations | Secured Debt | Consolidated SLST | Interest Rate Step-Up          
Debt Instrument [Line Items]          
Outstanding Face Amount $ 2,000,000   $ 2,000,000    
Collateralized Debt Obligations | Secured Debt | Residential loan securitizations          
Debt Instrument [Line Items]          
Outstanding Face Amount 2,148,070   2,148,070   $ 1,281,896
Carrying Value $ 2,118,581   $ 2,118,581   $ 1,253,332
Weighted average interest rate 5.34%   5.34%   5.72%
Unrealized losses recognized on CDOs $ (8,800) $ (19,500) $ (20,900) $ (18,000)  
Collateralized Debt Obligations | Secured Debt | Residential loan securitizations at amortized cost, net          
Debt Instrument [Line Items]          
Outstanding Face Amount 376,200   376,200   $ 850,547
Carrying Value $ 375,164   $ 375,164   $ 842,764
Weighted average interest rate 3.73%   3.73%   4.35%
Collateralized Debt Obligations | Secured Debt | Non-Agency RMBS re-securitization at fair value          
Debt Instrument [Line Items]          
Outstanding Face Amount $ 66,742   $ 66,742   $ 70,867
Carrying Value $ 66,762   $ 66,762   $ 70,757
Weighted average interest rate 7.38%   7.38%   7.38%