FORTRESS CREDIT REALTY INCOME TRUST 8-K

What Happened

• Fortress Credit Realty Income Trust (the Company) filed an 8-K reporting that on April 30, 2026 a subsidiary, FCR GS Seller I LLC, and Goldman Sachs Bank USA entered into a fourth amendment to their Master Repurchase Agreement, increasing available financing tied to certain loan acquisitions/originations to an aggregate amount not to exceed $1.3 billion during a temporary upsize period.
• On the same date the Company (as guarantor) executed a third amendment to the Guaranty, updating certain financial covenants, including minimum liquidity requirements. The amendments and related documents were filed as exhibits to the Form 8-K.

Key Details

• Parties: FCR GS Seller I LLC (seller) and Goldman Sachs Bank USA (purchaser); guaranty by Fortress Credit Realty Income Trust.
• Upsize: Financing capacity increased to up to $1.3 billion during a temporary Upsize Period ending no later than 180 days after April 30, 2026.
• Liquidity covenant: Requires Liquidity of not less than the greater of (A) $10,000,000 and (B) 10% of the purchase price of certain purchased assets (clause B capped at $50,000,000 during the Upsize Period and capped at $45,000,000 thereafter).
• Agreement history: This is the fourth amendment to the Master Repurchase Agreement (original dated Aug 16, 2024; previously amended Dec 18, 2024; May 6, 2025; Nov 20, 2025). The documents contain customary restrictions and covenants.

Why It Matters

• For investors, the amendments increase short-term financing capacity for the Company’s loan acquisitions/originations, which can support growth and asset purchases in the near term.
• The revised guaranty liquidity requirements set a clear minimum liquidity floor that the Company must maintain, which could affect available cash for distributions or other uses if liquidity approaches those thresholds.
• The transaction creates/adjusts a direct financing obligation under the repurchase facility, so investors should monitor the Company’s use of the increased capacity and its liquidity profile in upcoming reports.