FS Credit Real Estate Income Trust, Inc.: debt financing — FS CREIT enters $350M repurchase facility with Capital One for mortgage loan financing

FS Credit Real Estate Income Trust, Inc.

Facility provides up to $350M purchase price commitments, with optional increases to $500M at Capital One's discretion.
Eligible assets include performing senior commercial/multifamily mortgage loans, A-notes, pari passu participations, mezzanine loans.
Availability period expires Nov 19, 2026; two one-year extension options plus a term-out feature are available.
FS CREIT guarantees payment and performance; guaranty may become full recourse upon certain bankruptcy events.
Covenants include adjusted tangible net worth floor, EBITDA/interest >= 1.40x, debt/tangible net worth <= 3.50x, minimum liquidity >= $15M or 5% of facility outstanding.

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 credit facility of up to $350,000,000 with Capital One, National Association at spread over Term SOFR maturing November 19, 2026.

Instrument: credit facility
Principal: up to $350,000,000
Counterparty: Capital One, National Association
Rate: spread over Term SOFR
Maturity: November 19, 2026
Event: incurrence

Exact text from the filing

The facility provides for aggregate purchase price commitments of up to $350,000,000

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

FS Credit Real Estate Income Trust, Inc. entered into Master Repurchase and Securities Contract Agreement with Capital One, National Association valued at $350,000,000 (effective 2025-11-19).

Action: entry
Agreement: credit facility
Counterparty: Capital One, National Association
Value: $350,000,000
Effective: 2025-11-19

Exact text from the filing

On November 19, 2025, FS CREIT Finance CO-1 LLC (“CO-1”), an indirect wholly owned special-purpose financing subsidiary of FS Credit Real Estate Income Trust, Inc. (“FS CREIT”), entered into a Master Repurchase and Securities Contract Agreement (the “Repurchase Agreement,” and together with the related transaction documents, the “CO-1 Facility”), as seller, with Capital One, National Association, as buyer (the “Buyer”), to finance the acquisition and origination of certain assets which include performing senior commercial and multifamily mortgage loans, A-notes, pari passu participation interests, and mezzanine loans (the “Eligible Assets”).

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Source: SEC EDGAR

accession 0001104659-25-115400

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