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Loans Held for Investment - Changes in Carrying Value of Securitized Loans Held For Investment Carried at Fair Value (Details) - Variable Interest Entities, Primary Beneficiary - Loans held for investment, at fair value - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2025
Dec. 31, 2024
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward]    
Balance, beginning of period $ 11,196,678 $ 11,397,046
Purchases 38,470 1,062,699
Principal paydowns (347,749) (1,309,843)
Sales and settlements (53,090) (116,652)
Net periodic accretion (amortization) (2,399) (39,236)
Change in fair value 151,930 202,664
Balance, end of period $ 10,983,840 $ 11,196,678