UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 


 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): February 22, 2018

FS Credit Real Estate Income Trust, Inc.

(Exact name of Registrant as specified in its charter)

 

 

Maryland

(State or other jurisdiction

of incorporation)

 

333-216037

(Commission

File Number)

 

81-4446064

(I.R.S. Employer

Identification No.)

 

201 Rouse Boulevard

Philadelphia, Pennsylvania

(Address of principal executive offices)

 

 

 

19112

(Zip Code)

  

Registrant’s telephone number, including area code: (215) 495-1150

 

None

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company     ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.        ☒

 
 

 

Item 8.01. Other Items.

 

Investment Activity

 

On February 22, 2018, FS Credit Real Estate Income Trust, Inc. (the “Company”) closed a $13.4 million senior floating-rate mortgage loan (of which approximately $11.9 million was funded at closing) (the “Mark I Apartments Loan”), secured by a 113-unit, high-rise multi-family (mixed-use) property located in Las Vegas, NV, within walking distance of the Las Vegas Convention Center and 1.25 miles from the Las Vegas Strip. The Company funded the purchase of the Mark I Apartments Loan with cash on hand and proceeds from its repurchase facility with Goldman Sachs Bank USA.

The Mark I Apartments Loan bears interest at a floating rate of 4.00% over the one-month London Interbank Offered Rate and has an appraised loan to value ratio of approximately 74%. The Mark I Apartments Loan has an initial 36-month term with two 12-month extensions for the borrower subject to satisfaction of certain performance tests and the payment of an extension fee.

 

 
 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

  FS Credit Real Estate Income Trust, Inc.
   
   
Date:     Feburary 27, 2018 By: /s/ Stephen S. Sypherd  
    Stephen S. Sypherd
    Vice President, Treasurer and Secretary