Equity Investments, at Fair Value - Schedule of Equity Investments Accounted under the Equity Method (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Equity Method Investments | Multi-Family Preferred Equity Ownership Interests
Schedule of Equity Method Investments [Line Items]
Fair Value	$ 99,143		$ 99,143		$ 104,242
Equity Method Investments | Joint Venture Equity Investments in Multi-Family Properties
Schedule of Equity Method Investments [Line Items]
Fair Value	1,235		1,235		5,720
Equity Method Investments | Single-Family Equity Ownership Interests
Schedule of Equity Method Investments [Line Items]
Fair Value	46,455		46,455		37,154
Equity Method Investments | Preferred Equity Ownership Interests
Schedule of Equity Method Investments [Line Items]
Fair Value	$ 146,833		$ 146,833		$ 147,116
EHOF-NYMT Sunset Apartments Preferred, LLC | Equity Method Investments | Multi-Family Preferred Equity Ownership Interests
Schedule of Equity Method Investments [Line Items]
Ownership Interest	57.00%		57.00%		57.00%
Fair Value	$ 20,943		$ 20,943		$ 19,703
Lucie at Tradition Holdings, LLC | Equity Method Investments | Multi-Family Preferred Equity Ownership Interests
Schedule of Equity Method Investments [Line Items]
Ownership Interest	70.00%		70.00%		70.00%
Fair Value	$ 21,042		$ 21,042		$ 19,442
Syracuse Apartments and Townhomes, LLC | Equity Method Investments | Multi-Family Preferred Equity Ownership Interests
Schedule of Equity Method Investments [Line Items]
Ownership Interest	58.00%		58.00%		58.00%
Fair Value	$ 23,123		$ 23,123		$ 21,642
Hudson Bridge Apartments, LLC - Series A, Briar Hill Apartments, LLC, Kings Glen Apartments, LLC, Flagstone Apartments, LLC, Brookfield Apartments II, LLC - Series B, and Silber JBSM Properties, LLC (collectively) | Equity Method Investments | Multi-Family Preferred Equity Ownership Interests
Schedule of Equity Method Investments [Line Items]
Ownership Interest	58.00%		58.00%		58.00%
Fair Value	$ 9,103		$ 9,103		$ 9,882
Tides on 27th Investors, LLC | Equity Method Investments | Multi-Family Preferred Equity Ownership Interests
Schedule of Equity Method Investments [Line Items]
Ownership Interest	54.00%		54.00%		54.00%
Fair Value	$ 14,500		$ 14,500		$ 17,937
Rapid City RMI JV LLC | Equity Method Investments | Multi-Family Preferred Equity Ownership Interests
Schedule of Equity Method Investments [Line Items]
Ownership Interest	50.00%		50.00%		50.00%
Fair Value	$ 10,432		$ 10,432		$ 9,804
Palms at Cape Coral, LLC | Equity Method Investments | Multi-Family Preferred Equity Ownership Interests
Schedule of Equity Method Investments [Line Items]
Ownership Interest	0.00%		0.00%		34.00%
Fair Value	$ 0		$ 0		$ 5,832
GWR Cedars Partners, LLC | Equity Method Investments | Joint Venture Equity Investments in Multi-Family Properties
Schedule of Equity Method Investments [Line Items]
Ownership Interest	70.00%		70.00%		70.00%
Fair Value	$ 156		$ 156		$ 1,897
GWR Gateway Partners, LLC | Equity Method Investments | Joint Venture Equity Investments in Multi-Family Properties
Schedule of Equity Method Investments [Line Items]
Ownership Interest	70.00%		70.00%		70.00%
Fair Value	$ 1,079		$ 1,079		$ 3,823
Constructive Loans, LLC
Schedule of Equity Method Investments [Line Items]
Purchase of residential loans	$ 30,200	$ 15,300	$ 137,600	$ 55,200
Constructive Loans, LLC | Equity Method Investments | Single-Family Equity Ownership Interests
Schedule of Equity Method Investments [Line Items]
Ownership Interest	50.00%		50.00%		50.00%
Fair Value	$ 46,455		$ 46,455		$ 37,154