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Schedule IV - Mortgage Loans on Real Estate - Schedule of Mortgage Loans on Real Estate (Details) - USD ($) $ in Thousands | 12 Months Ended |  |
--- | --- | --- | ---
Dec. 31, 2024 | Dec. 31, 2023 | Dec. 31, 2022
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items] |  |  |
Principal | $ 610,811 | $ 629,892 | $ 678,555
Carrying Value | 609,916 | 626,462 | 669,929
Total carrying value including allowance for credit losses | 601,842 | 622,086 | $ 669,929
Loans held for investment | 609,916 | 626,462 |
Office |  |  |
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items] |  |  |
Carrying Value | 167,749 | 181,268 |
Retail |  |  |
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items] |  |  |
Carrying Value | 57,506 | 72,962 |
Multifamily |  |  |
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items] |  |  |
Carrying Value | 163,987 | 207,734 |
Industrial |  |  |
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items] |  |  |
Carrying Value | 136,646 | 118,707 |
Hotel |  |  |
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items] |  |  |
Carrying Value | 84,028 | $ 45,791 |
First Mortgage Bridge Loans |  |  |
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items] |  |  |
Principal | 610,811 |  |
Carrying Value | 609,916 |  |
Less: allowance for credit losses | (8,074) |  |
Total carrying value including allowance for credit losses | $ 601,842 |  |
First Mortgage Bridge Loans | Office | Office, Dallas, TX |  |  |
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items] |  |  |
Interest Rate | 3.25% |  |
Prior Liens | $ 0 |  |
Principal | 43,511 |  |
Carrying Value | $ 43,511 |  |
First Mortgage Bridge Loans | Office | Office, Downers Grove, IL |  |  |
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items] |  |  |
Interest Rate | 5.00% |  |
Prior Liens | $ 0 |  |
Principal | 29,500 |  |
Carrying Value | $ 29,605 |  |
First Mortgage Bridge Loans | Office | Office, Plano, TX |  |  |
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items] |  |  |
Interest Rate | 3.75% |  |
Prior Liens | $ 0 |  |
Principal | 26,569 |  |
Carrying Value | $ 26,635 |  |
First Mortgage Bridge Loans | Office | Office, Carlsbad, CA |  |  |
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items] |  |  |
Interest Rate | 3.25% |  |
Prior Liens | $ 0 |  |
Principal | 24,417 |  |
Carrying Value | $ 24,412 |  |
First Mortgage Bridge Loans | Office | Office, Downers Grove, IL 2 |  |  |
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items] |  |  |
Interest Rate | 4.25% |  |
Prior Liens | $ 0 |  |
Principal | 23,530 |  |
Carrying Value | $ 23,588 |  |
First Mortgage Bridge Loans | Office | Office, Bellevue, WA |  |  |
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items] |  |  |
Interest Rate | 3.85% |  |
Prior Liens | $ 0 |  |
Principal | 20,000 |  |
Carrying Value | $ 19,997 |  |
First Mortgage Bridge Loans | Retail | Retail, Brandywine, MD |  |  |
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items] |  |  |
Interest Rate | 3.85% |  |
Prior Liens | $ 0 |  |
Principal | 42,200 |  |
Carrying Value | $ 42,254 |  |
First Mortgage Bridge Loans | Retail | Retail, Sandy Springs, GA |  |  |
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items] |  |  |
Interest Rate | 3.75% |  |
Prior Liens | $ 0 |  |
Principal | 15,286 |  |
Carrying Value | $ 15,252 |  |
First Mortgage Bridge Loans | Multifamily | Multifamily, Olmsted Falls, OH |  |  |
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items] |  |  |
Interest Rate | 4.00% |  |
Prior Liens | $ 0 |  |
Principal | 52,050 |  |
Carrying Value | $ 52,446 |  |
First Mortgage Bridge Loans | Multifamily | Multifamily, Starkville, MS |  |  |
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items] |  |  |
Interest Rate | 2.95% |  |
Prior Liens | $ 0 |  |
Principal | 42,000 |  |
Carrying Value | $ 41,570 |  |
First Mortgage Bridge Loans | Multifamily | Multifamily, Farmington Hills, MI |  |  |
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items] |  |  |
Interest Rate | 3.15% |  |
Prior Liens | $ 0 |  |
Principal | 29,443 |  |
Carrying Value | $ 29,710 |  |
First Mortgage Bridge Loans | Multifamily | Multifamily, Las Vegas, NV |  |  |
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items] |  |  |
Interest Rate | 3.30% |  |
Prior Liens | $ 0 |  |
Principal | 25,448 |  |
Carrying Value | $ 25,641 |  |
First Mortgage Bridge Loans | Multifamily | Multifamily, Newport News, VA |  |  |
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items] |  |  |
Interest Rate | 3.15% |  |
Prior Liens | $ 0 |  |
Principal | 14,759 |  |
Carrying Value | $ 14,620 |  |
First Mortgage Bridge Loans | Industrial | Industrial, Passaic, NJ |  |  |
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items] |  |  |
Interest Rate | 3.85% |  |
Prior Liens | $ 0 |  |
Principal | 43,808 |  |
Carrying Value | $ 43,689 |  |
First Mortgage Bridge Loans | Industrial | Industrial, Fountain Inn, SC |  |  |
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items] |  |  |
Interest Rate | 4.25% |  |
Prior Liens | $ 0 |  |
Principal | 24,300 |  |
Carrying Value | $ 24,216 |  |
First Mortgage Bridge Loans | Industrial | Industrial, Fayetteville, GA |  |  |
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items] |  |  |
Interest Rate | 3.35% |  |
Prior Liens | $ 0 |  |
Principal | 25,250 |  |
Carrying Value | $ 25,086 |  |
First Mortgage Bridge Loans | Industrial | Industrial, Fontana, CA |  |  |
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items] |  |  |
Interest Rate | 3.75% |  |
Prior Liens | $ 0 |  |
Principal | 22,000 |  |
Carrying Value | $ 21,934 |  |
First Mortgage Bridge Loans | Industrial | Industrial, Los Angeles, CA |  |  |
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items] |  |  |
Interest Rate | 3.40% |  |
Prior Liens | $ 0 |  |
Principal | 21,940 |  |
Carrying Value | $ 21,721 |  |
First Mortgage Bridge Loans | Hotel | Hotel, Boston, MA |  |  |
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items] |  |  |
Interest Rate | 3.95% |  |
Prior Liens | $ 0 |  |
Principal | 39,800 |  |
Carrying Value | $ 39,335 |  |
First Mortgage Bridge Loans | Hotel | Hotel, Anaheim, CA |  |  |
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items] |  |  |
Interest Rate | 4.00% |  |
Prior Liens | $ 0 |  |
Principal | 29,000 |  |
Carrying Value | $ 28,855 |  |
First Mortgage Bridge Loans | Hotel | Hotel, Lake Mary, FL |  |  |
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items] |  |  |
Interest Rate | 4.00% |  |
Prior Liens | $ 0 |  |
Principal | 16,000 |  |
Carrying Value | $ 15,839 |  |

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