FS Credit Real Estate Income Trust, Inc.: debt financing — FS CREIT enters into up to $612M repurchase facility with JPMorgan Chase

FS Credit Real Estate Income Trust, Inc.

Maximum financing available under the JP-1 Facility is up to $612,312,452.79.
Facility finances eligible assets: senior commercial/multifamily mortgage loans, mezzanine loans, REO loans.
Repurchase date for assets no later than October 15, 2030, subject to earlier maturity terms.
FS CREIT guarantees obligations; covenants include EBITDA/interest ≥1.40x and leverage ≤3.50x.
Facility is uncommitted; JPMorgan has no obligation to purchase assets from seller.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

FS Credit Real Estate Income Trust, Inc. incurred debt of up to $612,312,452.79 with JP Morgan Chase Bank, National Association at fixed spread over Term SOFR maturing no later than October 15, 2030.

Principal: up to $612,312,452.79
Counterparty: JP Morgan Chase Bank, National Association
Rate: fixed spread over Term SOFR
Maturity: no later than October 15, 2030
Event: incurrence

Exact text from the filing

or multifamily mortgage loans, mezzanine loans, and REO mortgage loans (the “Eligible Assets”). The maximum amount of financing available under the JP-1 Facility is up to $612,312,452.79. All assets pledged to the JP-1 Facility are required to be repurchased no later than October 15, 2030, or such earlier date based on the maturity date of the related asset, and

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Source: SEC EDGAR

accession 0001104659-25-100308

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