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Loans and Investments - Investment Portfolio and Concentration of Credit Risk (Details)
$ in Thousands
9 Months Ended 12 Months Ended
Sep. 30, 2022
USD ($)
loan
borrower
Dec. 31, 2021
USD ($)
loan
borrower
Jun. 30, 2022
USD ($)
Sep. 30, 2021
USD ($)
Jun. 30, 2021
USD ($)
Dec. 31, 2020
USD ($)
Loans and Investments            
Loans and investments $ 14,989,643 $ 12,158,995        
Allowance for credit losses (122,296) (113,241) $ (121,331) $ (131,534) $ (138,447) $ (148,329)
Unearned revenue (75,921) (64,706)        
Loans and investments, net $ 14,791,426 $ 11,981,048        
Percent of Total 100.00% 100.00%        
Loan Count | loan 742 580        
Wtd. Avg. Pay Rate (as a percent) 6.90% 4.26%        
Wtd. Avg. Remaining Months to Maturity 22 months 15 days 24 months 18 days        
Wtd. Avg. First Dollar LTV Ratio (as percent) 1.00% 1.00%        
Wtd. Avg. Last Dollar LTV Ratio (as percent) 76.00% 76.00%        
Concentration of Credit Risk            
Loans and Investments            
Loans and investments $ 14,989,643          
Wtd. Avg. First Dollar LTV Ratio (as percent) 1.00%          
Wtd. Avg. Last Dollar LTV Ratio (as percent) 76.00%          
Concentration of Credit Risk | Single-Family Rental            
Loans and Investments            
Loans and investments $ 861,885          
Percent of Total 6.00%          
Wtd. Avg. First Dollar LTV Ratio (as percent) 0.00%          
Wtd. Avg. Last Dollar LTV Ratio (as percent) 63.00%          
Total assets | Concentration of Credit Risk | Five Borrowers            
Loans and Investments            
Loan Count | loan 39 31        
Number of different borrowers | borrower 5 5        
Concentration risk, percentage 10.00% 11.00%        
Bridge loans            
Loans and Investments            
Loans and investments $ 14,618,526 $ 11,750,710        
Percent of Total 98.00% 97.00%        
Loan Count | loan 693 528        
Wtd. Avg. Pay Rate (as a percent) 6.90% 4.19%        
Wtd. Avg. Remaining Months to Maturity 21 months 27 days 23 months 24 days        
Wtd. Avg. First Dollar LTV Ratio (as percent) 0.00% 0.00%        
Wtd. Avg. Last Dollar LTV Ratio (as percent) 76.00% 76.00%        
Bridge loans | Single-Family Rental            
Loans and Investments            
Loan Count | loan 215 120        
Total loan commitment $ 1,420,000 $ 804,600        
Unpaid principal balance, funded 825,800 408,200        
Mezzanine loans            
Loans and Investments            
Loans and investments $ 187,388 $ 223,378        
Percent of Total 1.00% 2.00%        
Loan Count | loan 37 39        
Wtd. Avg. Pay Rate (as a percent) 7.86% 7.32%        
Wtd. Avg. Remaining Months to Maturity 60 months 56 months 9 days        
Wtd. Avg. First Dollar LTV Ratio (as percent) 40.00% 34.00%        
Wtd. Avg. Last Dollar LTV Ratio (as percent) 80.00% 84.00%        
Preferred equity investments            
Loans and Investments            
Loans and investments $ 147,615 $ 155,513        
Percent of Total 1.00% 1.00%        
Loan Count | loan 9 11        
Wtd. Avg. Pay Rate (as a percent) 5.51% 5.57%        
Wtd. Avg. Remaining Months to Maturity 32 months 12 days 38 months        
Wtd. Avg. First Dollar LTV Ratio (as percent) 58.00% 58.00%        
Wtd. Avg. Last Dollar LTV Ratio (as percent) 87.00% 87.00%        
Other loans            
Loans and Investments            
Loans and investments $ 36,114 $ 29,394        
Loan Count | loan 3 2        
Wtd. Avg. Pay Rate (as a percent) 7.49% 4.63%        
Wtd. Avg. Remaining Months to Maturity 35 months 21 days 48 months 3 days        
Wtd. Avg. First Dollar LTV Ratio (as percent) 0.00% 0.00%        
Wtd. Avg. Last Dollar LTV Ratio (as percent) 58.00% 67.00%        
Other loans | Single-Family Rental            
Loans and Investments            
Number of loans under the loan portfolio | loan 3 2