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): July 18, 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 3.02. Submission of Matters to a Vote of Security Holders.

 

On July 18, 2018, FS Credit Real Estate Income Trust, Inc. (the “Company”) received $3,450,000 relating to the sale and issuance of 139,813 shares of its Class S Common Stock at the per share purchase price of $24.68 (the “Private Placement”). The Private Placement is exempt from registration under Section 4(a)(2) of the Securities Act of 1933 and Regulation D promulgated thereunder because the purchasers are accredited investors within the meaning of Rule 501(a) of Regulation D.

 

Item 8.01. Other Items.

 

Investment Activity

 

On July 18, 2018, the Company, through a wholly-owned subsidiary, closed a floating-rate senior loan (the “Doubletree Gaithersburg Loan”) totaling $22.7 million. The Doubletree Gaithersburg Loan is secured by a 301-key, full-service hotel located in Gaithersburg, MD. The Doubletree Gaithersburg Loan bears interest at a floating rate of 5.25% over the one-month London Interbank Offered Rate. The Doubletree Gaithersburg Loan has an initial 36-month term with two, 12-month extension options subject to satisfaction of certain performance tests and the payment of extension fees.

  

   
 

 

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: July 23, 2018   By: /s/ Stephen S. Sypherd
      Stephen S. Sypherd
      Vice President, Treasurer and Secretary