CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Restricted cash	$ 26,477	$ 28,226
Loans held for investment, at fair value	281,198	369,746
Joint ventures, cost	36,692	44,039
Borrowings (including borrowings of VIEs of $127.1 million and $186.6 million, respectively)	$ 819,888	$ 708,041
Common stock, par value (in dollars per share)	$ 0.02	$ 0.02
Common stock, shares authorized (in shares)	199,980	199,980
Common stock, shares issued (in shares)	28,658	26,291
Common shares outstanding at end of period (in shares)	28,658	26,291
Series A Preferred stock
Preferred stock, par value (in dollars per share)	$ 0.02	$ 0.02
Preferred stock, shares authorized (in shares)	0	20
Preferred stock, shares issued (in shares)	0	20
Preferred stock, shares outstanding (in shares)	0	20
Series B Preferred stock
Preferred stock, par value (in dollars per share)	$ 0.02	$ 0.02
Preferred stock, shares authorized (in shares)	54	0
Preferred stock, shares issued (in shares)	50	0
Preferred stock, shares outstanding (in shares)	50	0
Variable Interest Entity, Primary Beneficiary
Restricted cash	$ 6,303	$ 6,303
Loans held for investment, at fair value	198,434	257,179
Borrowings (including borrowings of VIEs of $127.1 million and $186.6 million, respectively)	$ 127,050	$ 186,635