Real Estate Securities - Narrative (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026 USD ($) Investment	Jun. 30, 2025 USD ($)	Jun. 30, 2026 USD ($) Investment	Jun. 30, 2025 USD ($)	Dec. 31, 2025 USD ($) Investment
Debt and Equity Securities, FV-NI [Line Items]
AFS	$ 287,347		$ 287,347		$ 287,557
Debt securities, available-for-sale, realized gain	0	$ 1,000	0	$ 1,000
Net unrealized (loss) gain on available-for-sale ("AFS") securities	$ (7,367)	$ 538	$ (11,556)	$ 3,960
Number of AFS securities (in investments) | Investment	63		63		63
Number of securities in unrealized loss position | Investment	11		11		11
Number of securities in a continuous unrealized loss position for twelve consecutive months or longer (in investments) | Investment	11		11		11
Legacy Bridge Loans
Debt and Equity Securities, FV-NI [Line Items]
Fair value of loans					$ 484,000
Subordinate
Debt and Equity Securities, FV-NI [Line Items]
AFS	$ 287,347		$ 287,347		287,557
Subordinate | Legacy Investments
Debt and Equity Securities, FV-NI [Line Items]
AFS					$ 182,000
Allowance for credit loss recognized	7,000		10,000
Residential
Debt and Equity Securities, FV-NI [Line Items]
AFS securities, contractual maturities, less than five years	183,000		183,000
Marketable securities, due from five to ten years	$ 4,000		$ 4,000