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Equity Investments, at Fair Value - Schedule of Equity Investments Accounted under the Equity Method (Details) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Dec. 31, 2025	Jul. 14, 2025	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Schedule of Equity Method Investments [Line Items]
Fair Value	$ 24,711		$ 24,711	$ 113,492
Equity investments \| Multi-Family Preferred Equity Ownership Interests
Schedule of Equity Method Investments [Line Items]
Fair Value	24,711		24,711	73,436
Equity investments \| Joint Venture Equity Investments in Multi-Family Properties
Schedule of Equity Method Investments [Line Items]
Fair Value	0		0	1,338
Equity investments \| Single-Family Equity Ownership Interest
Schedule of Equity Method Investments [Line Items]
Fair Value	0		0	38,718
Equity investments \| Preferred Equity Ownership Interests
Schedule of Equity Method Investments [Line Items]
Fair Value	$ 24,711		$ 24,711	$ 113,492
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 investments \| Multi-Family Preferred Equity Ownership Interests
Schedule of Equity Method Investments [Line Items]
Ownership Interest	58.00%		58.00%	58.00%
Fair Value	$ 10,125		$ 10,125	$ 9,322
Tides on 27th Investors, LLC \| Equity investments \| Multi-Family Preferred Equity Ownership Interests
Schedule of Equity Method Investments [Line Items]
Ownership Interest	54.00%		54.00%	54.00%
Fair Value	$ 3,092		$ 3,092	$ 10,245
Rapid City RMI JV LLC \| Equity investments \| Multi-Family Preferred Equity Ownership Interests
Schedule of Equity Method Investments [Line Items]
Ownership Interest	50.00%		50.00%	50.00%
Fair Value	$ 11,494		$ 11,494	$ 10,637
Lucie at Tradition Holdings, LLC \| Equity investments \| Multi-Family Preferred Equity Ownership Interests
Schedule of Equity Method Investments [Line Items]
Ownership Interest	0.00%		0.00%	70.00%
Fair Value	$ 0		$ 0	$ 21,821
EHOF-NYMT Sunset Apartments Preferred, LLC \| Equity investments \| Multi-Family Preferred Equity Ownership Interests
Schedule of Equity Method Investments [Line Items]
Ownership Interest	0.00%		0.00%	57.00%
Fair Value	$ 0		$ 0	$ 21,411
GWR Cedars Partners, LLC \| Equity investments \| Joint Venture Equity Investments in Multi-Family Properties
Schedule of Equity Method Investments [Line Items]
Ownership Interest	0.00%		0.00%	70.00%
Fair Value	$ 0		$ 0	$ 141
GWR Gateway Partners, LLC \| Equity investments \| Joint Venture Equity Investments in Multi-Family Properties
Schedule of Equity Method Investments [Line Items]
Ownership Interest	0.00%		0.00%	70.00%
Fair Value	$ 0		$ 0	$ 1,197
Constructive Loans LLC
Schedule of Equity Method Investments [Line Items]
Purchase of residential loans	$ 299,600		$ 299,600	$ 307,800	$ 80,800
Sale of residential loans		$ 18,700
Gain on sale of residential loans		$ 200
Constructive Loans LLC \| Equity investments \| Single-Family Equity Ownership Interest
Schedule of Equity Method Investments [Line Items]
Ownership Interest	0.00%		0.00%	50.00%
Fair Value	$ 0		$ 0	$ 38,718