debt
confidence high
sentiment neutral
materiality 0.60
Fortress Credit Realty Income Trust subsidiary enters $250M repurchase facility with Morgan Stanley
FORTRESS CREDIT REALTY INCOME TRUST
- FCR MS Seller LLC, a subsidiary of Fortress Credit Realty Income Trust, entered $250M master repurchase facility with Morgan Stanley.
- Facility provides financing for mortgage/mezzanine loans; interest at Term SOFR plus margin.
- Termination date July 24, 2029, with one-year extension option subject to conditions.
- Company guarantees up to 25% of outstanding principal; bad-boy carveouts apply.
- Includes financial covenants on minimum net worth, liquidity, and maximum leverage.
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