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Loans and Investments - Loan Modifications (Details)
$ in Thousands
1 Months Ended 3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Jun. 30, 2024
USD ($)
loan
Sep. 30, 2023
USD ($)
Sep. 30, 2024
USD ($)
loan
Jun. 30, 2024
USD ($)
loan
Mar. 31, 2024
USD ($)
loan
Dec. 31, 2023
USD ($)
loan
Jun. 30, 2023
USD ($)
Jun. 30, 2024
USD ($)
loan
Sep. 30, 2024
USD ($)
loan
Dec. 31, 2023
USD ($)
loan
Financing Receivable, Modified [Line Items]                    
Financing receivable, specific reserve     $ 1,000              
Loans and investments, gross     11,565,538     $ 12,615,006     $ 11,565,538 $ 12,615,006
New borrower investments     $ 2,000 $ 4,900 $ 2,000          
Rate cap strike price, percentage     5.25%              
Total specific reserve     $ 3,500           $ 3,500  
Number of impaired loans (less unearned revenue and other holdbacks and adjustments) by asset class | loan     27     19     27 19
Interest reserve                 $ 200,400 $ 156,100
Future funding commitments, modified loans, borrowers experiencing financial difficulty     $ 49,000           $ 49,000  
Number of loans modified not pursuant to contract | loan 8     8       8    
Loans modified, not pursuant to contract, amount               $ 212,500    
Loan modification, refinancing, and extensions | loan     0           0 0
Secondary Loan                    
Financing Receivable, Modified [Line Items]                    
Financing receivable, net of reserve $ 4,400   $ 3,500 $ 4,400       4,400 $ 3,500  
Loans modified in period, floor interest rate spread     0.0375 0.0375            
Senior Lien                    
Financing Receivable, Modified [Line Items]                    
Financing receivable, basis spread on variable rate     0.0075 0.0050            
Financing receivable, floor interest rate     0.0575 0.0600            
Loans modified in period, floor interest rate spread     0.0300 0.0325            
Senior Lien | Senior Position Loan                    
Financing Receivable, Modified [Line Items]                    
Financing receivable, net of reserve 32,000   $ 29,000 $ 32,000       32,000 29,000  
Financial Asset, Greater Than 60 Days Past Due                    
Financing Receivable, Modified [Line Items]                    
Financing receivable, specific reserve       2,500            
Loans and investments, gross 32,500     $ 32,500       $ 32,500    
Financial Asset, 60 Days Past Due                    
Financing Receivable, Modified [Line Items]                    
Financing receivable, specific reserve           $ 5,000        
Loans and investments, gross         36,400          
Financing receivable, net of reserve           31,400       $ 31,400
Temporary Interest Rate Relief And Extended Maturity, Six Loans | Financial Asset, Greater Than 60 Days Past Due                    
Financing Receivable, Modified [Line Items]                    
Financing receivable, amount modified in period 118,900                  
Temporary Interest Rate Relief And Extended Maturity, Six Loans | Financial Asset, Less Than 60 Days Past Due                    
Financing Receivable, Modified [Line Items]                    
Financing receivable, amount modified in period $ 87,500                  
Temporary Interest Rate Relief                    
Financing Receivable, Modified [Line Items]                    
Number of loans modified not pursuant to contract | loan 5     5       5    
Loans modified, not pursuant to contract, amount               $ 123,200    
Temporary Interest Rate Relief, Three Loans                    
Financing Receivable, Modified [Line Items]                    
Financing receivable, specific reserve       $ 19,200            
Number of loans modified not pursuant to contract | loan 3     3       3    
Loans modified, not pursuant to contract, amount       $ 81,000            
Temporary Interest Rate Relief, Five Loans                    
Financing Receivable, Modified [Line Items]                    
Number of loans modified not pursuant to contract | loan 5     5       5    
Loans modified, not pursuant to contract, amount       $ 131,500            
Bridge loans                    
Financing Receivable, Modified [Line Items]                    
Financing receivable, fixed interest rate   0.0300 0.0700              
Financing receivable, accrual rate   0.0300                
Financing receivable, specific reserve         1,500          
Loans and investments, gross     $ 11,169,284   $ 13,500 12,273,244 $ 70,500   $ 11,169,284 12,273,244
Loans modified in period, floor interest rate spread         0.0415          
Variable rate, spread             3.40%      
Fixed interest rate, first twenty four months         0.0825          
Fixed interest rate, last twelve months         0.0850          
Financing receivable, total fixed rate   0.0600                
Financing receivable, total fixed rate, period   18 months                
Financing receivable, borrower required funding   $ 10,500                
Interest reserve   2,500                
Financing receivable, borrower requirement, capital improvements   $ 8,000                
Financing receivable, borrower requirement, capital improvements, period   15 months                
Bridge loans | Loan Reduction                    
Financing Receivable, Modified [Line Items]                    
Loans and investments, gross         $ 12,500          
Multifamily | Bridge loans                    
Financing Receivable, Modified [Line Items]                    
Number of financing receivables modified during the period | loan     6   16          
Financing receivable, amount modified in period     $ 443,600   $ 692,800          
Weighted average pay rate 0.0592     0.0730 0.0695          
Financing receivable, accrual rate 0.0262     0.0204 0.0186          
Loans previously classified as non-performing         $ 712,900          
Multifamily | Bridge loans | Financial Asset, Greater Than 60 Days Past Due                    
Financing Receivable, Modified [Line Items]                    
Loans previously classified as non-performing         12,200          
Multifamily | Bridge loans | Financial Asset, Less Than 60 Days Past Due                    
Financing Receivable, Modified [Line Items]                    
Loans previously classified as non-performing         $ 92,700          
Multifamily | Bridge loans | Minimum                    
Financing Receivable, Modified [Line Items]                    
Financing receivable, basis spread on variable rate     0.0325              
Variable rate, spread       3.25% 3.25%          
Multifamily | Bridge loans | Maximum                    
Financing Receivable, Modified [Line Items]                    
Financing receivable, basis spread on variable rate     0.0485              
Variable rate, spread       5.25% 4.25%          
Multifamily | Bridge loans | Temporary Interest Rate Relief And Extended Maturity                    
Financing Receivable, Modified [Line Items]                    
Number of financing receivables modified during the period | loan     17 14            
Financing receivable, amount modified in period     $ 678,200 $ 291,900 $ 671,000          
Number of financing receivables with extended maturities | loan       12 15          
Multifamily | Bridge loans | Temporary Interest Rate Relief And Extended Maturity | Minimum                    
Financing Receivable, Modified [Line Items]                    
Financing receivable modified, weighted average term increase from modification       4 months 12 months          
Multifamily | Bridge loans | Temporary Interest Rate Relief And Extended Maturity | Maximum                    
Financing Receivable, Modified [Line Items]                    
Financing receivable modified, weighted average term increase from modification       23 months 30 months          
Multifamily | Bridge loans | Temporary Interest Rate Relief And Extended Maturity, Sixteen Loans                    
Financing Receivable, Modified [Line Items]                    
Number of financing receivables modified during the period | loan     16              
Financing receivable, amount modified in period     $ 663,700              
Multifamily | Bridge loans | Temporary Interest Rate Relief And Extended Maturity, One Loan                    
Financing Receivable, Modified [Line Items]                    
Number of financing receivables modified during the period | loan     1              
Financing receivable, amount modified in period     $ 14,500              
Multifamily | Bridge loans | Temporary Interest Rate Relief And Extended Maturity, Six Loans                    
Financing Receivable, Modified [Line Items]                    
Number of financing receivables modified during the period | loan 6                  
Financing receivable, amount modified in period $ 341,900                  
Multifamily | Bridge loans | Temporary Interest Rate Relief And Extended Maturity, Two Loans                    
Financing Receivable, Modified [Line Items]                    
Number of financing receivables modified during the period | loan     2              
Financing receivable, amount modified in period     $ 52,900              
Financing receivable, specific reserve     $ 4,600              
Multifamily | Bridge loans | Temporary Interest Rate Relief And Extended Maturity, Thirteen Loans                    
Financing Receivable, Modified [Line Items]                    
Number of financing receivables modified during the period | loan     13              
Financing receivable, amount modified in period     $ 586,300              
Multifamily | Bridge loans | Temporary Interest Rate Relief And Extended Maturity, Thirteen Loans | Minimum                    
Financing Receivable, Modified [Line Items]                    
Financing receivable modified, weighted average term increase from modification     12 months              
Multifamily | Bridge loans | Temporary Interest Rate Relief And Extended Maturity, Thirteen Loans | Maximum                    
Financing Receivable, Modified [Line Items]                    
Financing receivable modified, weighted average term increase from modification     31 months              
Multifamily | Bridge loans | Extended Maturity                    
Financing Receivable, Modified [Line Items]                    
Number of financing receivables modified during the period | loan       12            
Financing receivable, amount modified in period     $ 206,800 $ 201,900            
Financing receivable modified, weighted average term increase from modification     12 months              
Number of financing receivables with extended maturities | loan     3 8            
Multifamily | Bridge loans | Extended Maturity | Minimum                    
Financing Receivable, Modified [Line Items]                    
Financing receivable modified, weighted average term increase from modification       6 months            
Multifamily | Bridge loans | Extended Maturity | Maximum                    
Financing Receivable, Modified [Line Items]                    
Financing receivable modified, weighted average term increase from modification       15 months            
Multifamily | Bridge loans | Temporary Interest Rate Relief And Extended Maturity, Fourteen Loans                    
Financing Receivable, Modified [Line Items]                    
Financing receivable, amount modified in period       $ 361,800            
Multifamily | Bridge loans | Loan Modification, Extended Maturity, Twelve Loans                    
Financing Receivable, Modified [Line Items]                    
Financing receivable, amount modified in period       $ 321,700            
Multifamily | Bridge loans | Temporary Interest Rate Relief, Twenty Three Loans                    
Financing Receivable, Modified [Line Items]                    
Number of financing receivables modified during the period | loan         23          
Financing receivable, amount modified in period         $ 1,070,000          
Multifamily | Bridge loans | Temporary Interest Rate Relief                    
Financing Receivable, Modified [Line Items]                    
Number of impaired loans (less unearned revenue and other holdbacks and adjustments) by asset class | loan         2          
Loan loss reserve, specifically impaired loans         $ 7,000          
Total UPB, specifically impaired loans         $ 49,600          
Multifamily | Bridge loans | Extended Maturity                    
Financing Receivable, Modified [Line Items]                    
Number of financing receivables modified during the period | loan         11          
Financing receivable, amount modified in period         $ 456,500          
Multifamily | Bridge loans | Extended Maturity | Minimum                    
Financing Receivable, Modified [Line Items]                    
Financing receivable modified, weighted average term increase from modification         2 months          
Multifamily | Bridge loans | Extended Maturity | Maximum                    
Financing Receivable, Modified [Line Items]                    
Financing receivable modified, weighted average term increase from modification         19 months          
Multifamily | Bridge loans | Rate of Interest and Extended Maturity                    
Financing Receivable, Modified [Line Items]                    
Financing receivable, amount modified in period           $ 86,900        
Financing receivable modified, weighted average term increase from modification           1 year        
Variable rate, spread           4.25%        
Financing receivable modified, pay rate of interest           $ 500        
Multifamily | Bridge loans | Interest Deferral, Extended Maturity, And Interest Forgiveness                    
Financing Receivable, Modified [Line Items]                    
Number of financing receivables modified during the period | loan           3        
Financing receivable, amount modified in period           $ 241,000        
Financing receivable modified, weighted average term increase from modification           1 year        
Percentage of deferred interest waived           0.25        
Multifamily | Bridge loans | Interest Deferral, Extended Maturity, And Interest Forgiveness | Minimum                    
Financing Receivable, Modified [Line Items]                    
Variable rate, spread           4.00%        
Percentage of interest foregone           0.0200        
Multifamily | Bridge loans | Interest Deferral, Extended Maturity, And Interest Forgiveness | Maximum                    
Financing Receivable, Modified [Line Items]                    
Variable rate, spread           4.30%        
Percentage of interest foregone           0.0215        
Office                    
Financing Receivable, Modified [Line Items]                    
Financing receivable, net of reserve           $ 37,100       37,100
Financing receivable, reserve for credit loss           8,000       $ 8,000
Loan reserve           $ 2,300