# EDGAR Filing Document

**Accession Number:** 0001690536
**File Stem:** 0001104659-25-099772
**Filing Date:** 2025-10
**Character Count:** 11212
**Document Hash:** 74b485f0481cec06b0df41b9140a0983
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-099772.hdr.sgml**: 20251015

**ACCESSION NUMBER**: 0001104659-25-099772

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20251008

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251015

**DATE AS OF CHANGE**: 20251015

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FS Credit Real Estate Income Trust, Inc.
- **CENTRAL INDEX KEY:** 0001690536
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE INVESTMENT TRUSTS [6798]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-56163
- **FILM NUMBER:** 251395544

**BUSINESS ADDRESS:**
- **STREET 1:** 201 ROUSE BOULEVARD
- **CITY:** PHILADELPHIA
- **STATE:** PA
- **ZIP:** 19112
- **BUSINESS PHONE:** 2154951150

**MAIL ADDRESS:**
- **STREET 1:** 201 ROUSE BOULEVARD
- **CITY:** PHILADELPHIA
- **STATE:** PA
- **ZIP:** 19112

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FS Real Estate Credit Income Trust, Inc.
- **DATE OF NAME CHANGE:** 20161121

?xml version='1.0' encoding='ASCII'?

**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): **October 8, 2025**

**FS Credit Real Estate Income Trust, Inc.**

**(Exact name of Registrant as specified in its charter)**

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| | | |
|:---|:---|:---|
| **Maryland** | **000-56163** | **81-4446064** |
| (State or other jurisdiction <br> of incorporation) | (Commission<br> File Number) | (I.R.S. Employer<br> Identification No.) |

---

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| | |
|:---|:---|
| **201 Rouse Boulevard**<br> **Philadelphia, Pennsylvania**<br> (Address of principal executive offices) | **19112**<br> (Zip Code) |

---

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

**None**

(Former Name or 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 (*see* General Instruction A.2. below):

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| |
|:---|
| 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)) |

---

Securities registered pursuant to Section 12(b) of the Exchange Act: None.

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| **N/A** | &nbsp;&nbsp;**N/A** | &nbsp;&nbsp;**N/A** |

---

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 1.01 Entry into a Material Definitive Agreement.** 

 

On October 8, 2025, FS CREIT Finance MS-1 LLC, an indirect wholly owned special-purpose financing subsidiary of FS Credit Real Estate Income Trust, Inc., entered into an Amendment No. 1 to Master Repurchase and Securities Contract Agreement, (the "MS-1 First Amendment"), amending that certain Master Repurchase and Securities Contract Agreement dated as of October 13, 2022 with Morgan Stanley N.A., as buyer. The MS-1 First Amendment provides for, among other things, an extension of the facility termination date from October 13, 2025 to November 12, 2025.

The material terms of the agreements described above are qualified in their entirety by the agreement attached as Exhibit 2.1 to this Current Report on Form 8-K and incorporated herein by reference.

**Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.**

The information contained in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.

 **Item 9.01 Exhibits.**

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| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| [2.1](tm2528836d1_ex2-1.htm) | [First Amendment to Master Repurchase Agreement dated as of October 8, 2025 by and between FS CREIT Finance MS-1 LLC and Morgan Stanley N.A.](tm2528836d1_ex2-1.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

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**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, 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. | FS Credit Real Estate Income Trust, Inc. |
| Date: October 15, 2025 | *By:* | /s/Stephen S. Sypherd |
|  |  | Stephen S. Sypherd |
|  |  | Vice President, Treasurer & Secretary |

---

## Exhibit 2.1

**Exhibit 2.1**

***Execution Version***

AMENDMENT NO. 1 TO

MASTER REPURCHASE AND SECURITIES CONTRACT AGREEMENT

THIS AMENDMENT NO. 1 (this "<u>Amendment</u>"), dated as of October 8, 2025, by and among MORGAN STANLEY MORTGAGE CAPITAL HOLDINGS LLC, a New York limited liability company ("<u>Administrative Agent</u>"), MORGAN STANLEY BANK, N.A., a national banking association ("<u>MSBNA</u>"), and FS CREIT FINANCE MS-1 LLC, a Delaware limited liability company ("<u>Seller</u>"), amends that certain Master Repurchase and Securities Contract Agreement dated as of October 13, 2022, by and among Administrative Agent, MSBNA (together with each other financial institutions from time to time a party thereto, "<u>Buyers</u>"), and Seller (as the same may have been and may be further amended, modified, and/or restated from time to time, the "<u>Repurchase Agreement</u>").

<u>RECITALS</u>

WHEREAS, the parties hereto desire to make certain amendments to the Repurchase Agreement as provided herein;

NOW, THEREFORE, for good and valuable consideration, the parties hereto agree as follows:

<u>AGREEMENT</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Amendment to Repurchase Agreement</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The definition of "Facility Termination Date" as set forth in <u>Section 2</u> of the Repurchase Agreement is hereby amended and restated in its entirety as follows:

"<u>Facility Termination Date</u>" shall mean November 12, 2025, as the same may be extended in accordance with <u>Section 9(a)</u> of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Defined Terms</u>. Capitalized terms used but not defined herein shall have the meanings set forth
in the Repurchase Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. <u>Representations and Warranties</u>. On and as of the date hereof, Seller hereby represents and warrants
to Administrative Agent and Buyers that (a) it is in compliance in all material respects with all the terms and provisions set forth in
the Repurchase Agreement on its part to be observed or performed, (b) after giving effect to this Amendment, no Event of Default, or to
Seller's actual knowledge, Default under the Repurchase Agreement or the other Transaction Documents has occurred and is continuing,
and (c) after giving effect to this Amendment, the representations and warranties contained in the Repurchase Agreement are true and correct
in all material respects as though made on such date (except for any such representation or warranty that by its terms refers to a specific
date other than the date first above written, in which case it shall be true and correct in all material respects as of such other date).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. <u>Continuing Effect</u>. Except as expressly amended by this Amendment, the Repurchase Agreement and
each of the other Transaction Documents remain in full force and effect in accordance with their respective terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. <u>Governing Law</u>. This Amendment shall be governed by and construed and interpreted in accordance
with the laws of the State of New York.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. <u>Counterparts</u>. This Amendment may be executed in any number of counterparts, each of which when
so executed and delivered shall be an original, but all of which shall constitute one and the same instrument. Delivery of an executed
counterpart of a signature page to this Amendment in Portable Document Format (PDF) or by facsimile transmission shall be effective as
delivery of a manually executed original counterpart thereof.

*[Remainder of page intentionally left blank; signature page follows]*

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered as of the date first written above.

---

| | | |
|:---|:---|:---|
| **<u>Administrative Agent</u>:** | **<u>Administrative Agent</u>:** | **<u>Administrative Agent</u>:** |
| **MORGAN STANLEY MORTGAGE CAPITAL HOLDINGS LLC,** | **MORGAN STANLEY MORTGAGE CAPITAL HOLDINGS LLC,** | **MORGAN STANLEY MORTGAGE CAPITAL HOLDINGS LLC,** |
| a New York limited liability company | a New York limited liability company | a New York limited liability company |
| By: | /s/ Anthony Preisano | /s/ Anthony Preisano |
|  | Name: | Anthony Preisano |
|  | Title: | Managing Director |
| **<u>MSBNA</u>:** | **<u>MSBNA</u>:** | **<u>MSBNA</u>:** |
| **MORGAN STANLEY BANK, N.A.**, | **MORGAN STANLEY BANK, N.A.**, | **MORGAN STANLEY BANK, N.A.**, |
| a national banking association | a national banking association | a national banking association |
| By: | /s/ William P Bowman | /s/ William P Bowman |
|  | Name: | William P Bowman |
|  | Title: | Authorized Signatory |

---

*[Signatures continue on following page]*

[Signature Page – Amendment to MRA (MS/Rialto)]

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| | | |
|:---|:---|:---|
| **<u>Seller</u>:** | **<u>Seller</u>:** | **<u>Seller</u>:** |
| **FS CREIT FINANCE MS-1 LLC,** | **FS CREIT FINANCE MS-1 LLC,** | **FS CREIT FINANCE MS-1 LLC,** |
| a Delaware limited liability company | a Delaware limited liability company | a Delaware limited liability company |
| By: | /s/ Brian Gold | /s/ Brian Gold |
|  | Name: | Brian Gold |
|  | Title: | Chief Financial Officer |

---

*[End of signatures]*

[Signature Page – Amendment to MRA (MS/Rialto)]