FS Credit Real Estate Income Trust increases loan with amendment

Chicago, March 7 – FS Credit Real Estate Income Trust, Inc. subsidiaries FS CREIT Finance MM-1 LLC and FS CREIT Finance Holdings LLC amended their loan and service agreement on Friday with Wells Fargo Bank, NA as the administrative agent, according to an 8-K filing with the Securities and Exchange Commission.

The second amendment increases the committed amount to $500 million from $250 million.

Additionally, the interest rate spread has been decreased to 205 basis points from 210 bps.

The committed amount was recently increased by $50 million on Feb. 23 under the accordion feature.

Lenders listed on the loan are Massachusetts Mutual Life Insurance Co., C.M. Life Insurance Co. and Great American Life Insurance Co.

The Philadelphia-based company acquires and manages a portfolio of senior loans secured by commercial real estate.

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