FS Credit Real Estate Income Trust received $7.0 million from the private placement of 286,737 of its class S common shares.
The purchase price per share was $24.50.
The company, through its subsidiary, also closed three separate floating-rate senior loans totaling about $29.8 million.
The loans are secured by a boutique retail property in the Wynwood neighborhood in Miami, Fla. They bear interest at floating rates ranging from 4.00% to 4.50% over the one-month London Interbank Offered Rate. Each loan has an initial 36-month term with two, 12-month extension options subject to satisfaction of certain performance tests and the payment of an extension fee.
