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Residential Whole Loans and Bridge Loans - Summary of the Assets and Liabilities of the Residential and Commercial Loan Trusts (Details) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Jun. 30, 2021
Variable Interest Entity [Line Items]      
Cash and cash equivalents $ 15,878 $ 40,193 $ 45,775
Residential whole loans, at fair value ($1,195,853 and $1,023,502 pledged as collateral, at fair value, respectively) 1,195,853 1,023,502  
Assets Pledged 5,095 5,207  
Investment related receivable 11,952 22,133  
Interest receivable 12,538 11,823  
Total assets [1] 2,791,249 2,825,700  
Securitized debt, net 1,962,787 1,863,488  
Interest payable 10,740 10,272  
Accounts payable and accrued expenses 3,585 4,842  
Total liabilities [2] 2,650,911 2,621,371  
VIE      
Variable Interest Entity [Line Items]      
Cash and cash equivalents 0 266  
Residential whole loans, at fair value ($1,195,853 and $1,023,502 pledged as collateral, at fair value, respectively) 1,195,853 1,023,502  
Assets Pledged 5,095 5,207  
Investment related receivable 11,906 22,087  
Interest receivable 11,506 10,572  
Total assets 2,482,386 2,432,064  
Securitized debt, net 1,962,787 1,863,488  
Interest payable 6,901 6,480  
Accounts payable and accrued expenses 70 78  
Total liabilities 1,970,015 1,870,306  
Residential Whole-Loan And Residential Bridge Loan | VIE      
Variable Interest Entity [Line Items]      
Cash and cash equivalents 0 266  
Residential whole loans, at fair value ($1,195,853 and $1,023,502 pledged as collateral, at fair value, respectively) 1,195,853 1,023,502  
Assets Pledged 5,095 5,207  
Investment related receivable 11,906 22,087  
Interest receivable 6,387 5,282  
Total assets 1,219,241 1,056,344  
Securitized debt, net 730,087 519,118  
Interest payable 1,906 1,316  
Accounts payable and accrued expenses 61 69  
Total liabilities $ 732,054 $ 520,503  
[1]
June 30,
2022
December 31, 2021
(1) Assets of consolidated VIEs included in the total assets above:
  
Cash and cash equivalents$— $266 
Restricted cash257 260 
Residential whole loans, at fair value ($1,195,853 and $1,023,502 pledged as collateral, at fair value, respectively)
1,195,853 1,023,502 
Residential bridge loans, at fair value ($5,095 and $5,207 pledged as collateral, at fair value, respectively)
5,095 5,207 
Securitized commercial loans, at fair value1,243,371 1,355,808 
Commercial loans, at fair value ($14,398 and $14,362 pledged as collateral, at fair value, respectively)
14,398 14,362 
Investment related receivable11,906 22,087 
Interest receivable11,506 10,572 
Total assets of consolidated VIEs$2,482,386 $2,432,064 
(2) Liabilities of consolidated VIEs included in the total liabilities above:
  
Securitized debt, net ($1,574,468 and $1,344,370 at fair value and $164,264 and $180,116 held by affiliates, respectively)
$1,962,787 $1,863,488 
Interest payable (includes $699 and $699 on securitized debt held by affiliates, respectively)
6,901 6,480 
Accounts payable and accrued expenses70 78 
Other liabilities257 260 
Total liabilities of consolidated VIEs$1,970,015 $1,870,306 
(3)     Amounts have been adjusted to reflect the one-for-ten reverse stock split effected July 11, 2022. See Note 2 and Note 12 for additional details.
[2]
June 30,
2022
December 31, 2021
(1) Assets of consolidated VIEs included in the total assets above:
  
Cash and cash equivalents$— $266 
Restricted cash257 260 
Residential whole loans, at fair value ($1,195,853 and $1,023,502 pledged as collateral, at fair value, respectively)
1,195,853 1,023,502 
Residential bridge loans, at fair value ($5,095 and $5,207 pledged as collateral, at fair value, respectively)
5,095 5,207 
Securitized commercial loans, at fair value1,243,371 1,355,808 
Commercial loans, at fair value ($14,398 and $14,362 pledged as collateral, at fair value, respectively)
14,398 14,362 
Investment related receivable11,906 22,087 
Interest receivable11,506 10,572 
Total assets of consolidated VIEs$2,482,386 $2,432,064 
(2) Liabilities of consolidated VIEs included in the total liabilities above:
  
Securitized debt, net ($1,574,468 and $1,344,370 at fair value and $164,264 and $180,116 held by affiliates, respectively)
$1,962,787 $1,863,488 
Interest payable (includes $699 and $699 on securitized debt held by affiliates, respectively)
6,901 6,480 
Accounts payable and accrued expenses70 78 
Other liabilities257 260 
Total liabilities of consolidated VIEs$1,970,015 $1,870,306 
(3)     Amounts have been adjusted to reflect the one-for-ten reverse stock split effected July 11, 2022. See Note 2 and Note 12 for additional details.