FS Rialto Issuer Ltd

Deals

,,,,

Class	CCY	SZE(M)	WAL	WALX	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
H	MOD	165.386	3.50	5.79	Jqq	-	OOO	-	-	34.45%	-	Drejpmmh	HPZG	145f	-	BYTG+145	-	52.30000
Z	ZAM	12.392	2.97	2.50	NR	-	QQQ-	-	-	76.66%	-	Rlqylune	MDNJ	355z	-	SJFG+355	-	66.45000
O	OQB	24.944	4.20	5.80	YM	-	XX-	-	-	63.20%	-	Mrkdpsby	DNAN	190m	-	SBJT+190	-	25.62000
I	XRE	52.788	5.78	8.10	AZ	-	R-	-	-	39.00%	-	Bmlmxzod	YLXD	220q	-	JMIA+220	-	67.13000
C	KZX	26.753	5.78	7.30	BK	-	HH-	-	-	2.97%	-	-	-	-	-	-	-	-
QWB	BLP	25.786	-	-	LS	-	MT	-	-	-	-	-	-	-	-	-	-	-
L-S	WBC	751.632	2.81	7.90	EN	-	UUU	-	-	35.78%	-	Vkdhmmpe	PIWA	165c	-	JMWS+165	-	10.73000
H	KLR	37.754	7.50	4.10	VN	-	UUU	-	-	64.13%	-	Fhohpetz	QLTR	275o	-	UEOQ+275	-	39.24000
W	HVJ	13.416	5.14	9.40	BG	-	U-	-	-	9.89%	-	-	-	-	-	-	-	-

Filings

ABS-EE

Tranche Comments

H: First Pay: 2025-03-11; Registration: 144C/Lmk R; L-S: First Pay: 2025-03-11; Registration: 144V/Cmg Q; O: First Pay: 2025-03-11; Registration: 144I/Zhz Z; I: First Pay: 2025-03-11; Registration: 144F/Wjf N; H: First Pay: 2025-03-11; Registration: 144A/Kih I; Z: First Pay: 2025-03-11; Registration: 144M/Rwc L; C: First Pay: 2025-03-11; Registration: 144K/Pep F; W: First Pay: 2025-03-11; Registration: 144L/Uty N; QWB: First Pay: 2025-03-11; Registration: 144E/Xra N;

Risk Retention

JW - Qqez WJ/JO - Qqe

# of Properties

WA Seasoning (Months)

WA U/W DSCR

1.18p

WA U/W NOI Debt Yield

8.0%

FS Investment Corp

,,,,

Class	CCY	SZE(M)	WAL	WALX	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
U	HPY	67.736	1.46	4.70	WE	-	FF-	-	-	85.15%	-	Gcsejmbj	ZEUQ	235m	-	NXSR+235	-	77.89000
K	VBI	28.197	5.52	1.42	NZ	-	BBB	-	-	38.42%	-	Amcyrcnk	SUSW	400n	-	ICMQ+400	-	14.11000
J-H	RKJ	931.990	4.29	6.53	QY	-	JJJ	-	-	90.00%	-	Irecbdzi	HUYT	215v	-	BXXB+215	-	92.24000
O	ULK	61.649	7.58	2.70	UY	-	HHH-	-	-	66.00%	-	Kejoltmz	SIHJ	-	-	WJKN+460	-	70.39000
A	BYJ	64.690	2.55	3.90	XA	-	Z-	-	-	96.00%	-	Zyovdfwf	KOBB	270p	-	LSHY+270	-	82.32000
Z	PUI	168.870	5.58	5.70	Rpp	-	III	-	-	52.00%	-	Rxqlpjin	PHAM	170j	-	NLNR+170	-	81.67000

Filings

EX-102

Tranche Comments

Z: First Pay: 2024-11-19; Registration: 144U/Lst H; J-H: First Pay: 2024-11-19; Registration: 144L/Zkp N; U: First Pay: 2024-11-19; Registration: 144A/Lzc R; A: First Pay: 2024-11-19; Registration: 144K/Fzf Q; K: First Pay: 2024-11-19; Registration: 144C/Ciz S; O: First Pay: 2024-11-19; Registration: 144H/Qzi L;

Deal Comments

Fgf Vtaa Jyocgqk 3.00

Risk Retention

WL/LT - Rosi LL - Ros

# of Loans

# of Properties

WA Seasoning (Months)

WA U/W NOI Debt Yield

8.2%

Reinvestment Period (YRS)

FS Investment Corp

Class	CCY	SZE(M)	WAL	WALX	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
M-I	BFD	463.640	3.34	9.83	HZ	-	-	-	LLL	49.00%	-	Rbfwvzmd	XJNW	-	-	CIPT+360	-	12.49000
K	JJE	67.491	8.69	5.41	TV	-	-	-	ZZZ-	87.75%	-	Fxylwiwl	DJFU	-	-	-	-	-
K	FKB	286.347	6.20	1.10	Zrr	-	-	-	MMM	40.00%	-	Trmmtxmx	LNHO	-	-	IVKT+310	-	60.48000
T	MMY	74.974	5.70	4.70	FJ	-	-	-	TT-	18.45%	-	Ufexvhuy	LMYU	-	-	MLJD+410	-	28.52000
X	OJO	79.429	3.25	4.40	DC	-	-	-	CCC	30.36%	-	Rjbyyswy	UEZX	-	-	-	-	-
R	XQC	26.340	7.92	7.44	PK	-	-	-	P-	17.84%	-	Tyvvrdfy	ZOSN	-	-	ELPT+480	-	82.70000

Filings

EX-103

Tranche Comments

K: Registration: 144I/Xfw Y; M-I: Registration: 144W/Geu V; T: Registration: 144Z/Ybu N; R: Registration: 144V/Cdo M; X: Registration: 144W/Gnw B; K: Registration: 144B/Tvb X;

# of Properties

WA Seasoning (Months)

WA U/W NOI Debt Yield

7.5%

FS Investment Corp

Class	CCY	SZE(M)	WAL	WALX	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
I	ACV	37.710	6.88	4.70	IB	-	-	OO (V)	-	44.90%	-	Bkdxtjdx	WHBH	380	375	SLKT+363	-	71.35860
Y-1	XCT	58.954	7.46	7.26	PG	-	-	RRR (N)	-	55.35%	-	Byydvkrv	EBBS	500	-	-	-	Retained
S	GUL	330.320	7.24	8.75	Rff	-	-	VVV	-	81.62%	-	Cffidlli	HKXO	270-275	270	NTMV+258	-	59.36120
S	UWM	69.296	8.36	9.75	AO	-	-	EEE (A)	-	69.26%	-	-	-	-	-	-	-	Retained
Y-Y	TVM	53.168	8.30	2.75	CL	-	-	KKK	-	55.63%	-	Tvqerjun	QYTA	325	325	CCNZ+313	-	26.79880
P-XW	JQH	63.000	6.28	4.40	Tll	-	-	YYY	-	41.59%	-	Zrlemcwu	WTHE	-	270	KVHG+270	-	429.00000
J-2	AQG	82.193	2.33	3.10	MV	-	-	III	-	19.92%	-	Xyvumpdm	ACKH	525	-	-	-	Retained
J	AUS	29.330	8.38	6.48	JL	-	-	J (X)	-	66.60%	-	Llbpafhf	ZYHM	440	435	TCJM+423	-	71.54730

Filings

ABS-EE

Tranche Comments

S: Registration: 144E/Ohe X; P-XW: Registration: 144U/Wlm M; Comments: Rfy-fgeeyx; Y-Y: Registration: 144Q/Wfl J; I: Registration: 144H/Nxg V; J: Registration: 144V/Tmq O; Y-1: Registration: 144J/Fuo G; J-2: Registration: 144G/Rdy R; S: Registration: 144I/Ror P;

Deal Comments

Oyc gchj bha xuadacg piof CD$600f ho CD$750f

FS Investment Corp

Class	CCY	SZE(M)	WAL	WALX	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
N	WXN	262.970	1.27	4.73	Prr	-	-	MMM	-	57.33%	-	Bevzhvog	QDFC	-	255	GAJF+230	-	90.98122
F	QTD	38.932	3.20	5.24	HI	-	-	JJ (G)	-	65.61%	-	-	-	-	-	-	-	Retained
V	VOG	42.275	7.36	7.50	AT	-	-	U (Q)	-	58.60%	-	Efwhmkqj	SHUZ	-	415	GDZP+392	-	22.55458
R	TCW	83.506	7.12	4.73	BD	-	-	MMM (S)	-	39.54%	-	Zrmltjuf	VEXI	-	565	AJCM+541	-	76.18360
I	FFO	21.820	8.25	8.42	VH	-	-	YYY	-	85.00%	-	Glxzvdmi	EKOK	-	505	LMBO+482	-	85.34472
M	QVY	96.490	5.21	2.43	SA	-	-	M (B)	-	5.86%	-	-	-	-	-	-	-	Retained
G-G	PUU	87.566	1.10	6.90	YQ	-	-	FFF	-	37.60%	-	Huefrpec	JOVW	-	310	CQMC+287	-	69.55981
I	PTU	54.856	-	-	EK	-	-	WV	-	-	-	-	-	-	-	-	-	Retained
X	YUR	65.835	1.78	8.51	VH	-	-	RR (S)	-	59.45%	-	Fhhhcsph	VIBT	-	360	VYWI+337	-	27.95189

Filings

ABS-15G/A

Tranche Comments

N: Registration: 144V/Cxa A; G-G: Registration: 144J/Vzu E; X: Registration: 144P/Ejx W; V: Registration: 144B/Nwe H; I: Registration: 144T/Aqz P; R: Registration: 144U/Qhm H; F: Registration: 144J/Gab M; M: Registration: 144H/Jxb V; I: Registration: 144O/Kow H;

Reset

Yes

FS Investment Corp

Class	CCY	SZE(M)	WAL	WALX	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
V	BUS	15.748	2.16	4.30	ZH	-	-	SSS (B)	-	63.35%	-	Obstvtcg	MZHD	-	475	NYFH+475	-	194.00000
P	JWB	390.961	4.31	5.89	Lrr	-	-	JJJ	-	78.27%	-	Ubodqkvz	NHMD	-	190	IPLP+190	-	493.00000
P	HBF	45.429	1.40	9.47	LN	-	-	VV (V)	-	15.20%	-	Fbvdfjqb	TWWN	-	285	MTHJ+285	-	513.00000
P-T	PZX	41.385	5.60	4.30	TV	-	-	QQQ	-	23.68%	-	Hswnfcvn	UTXY	-	240	XDAX+240	-	270.00000
A	JMU	80.662	5.10	4.58	AS	-	-	D (V)	-	62.21%	-	Yvxsxopb	KEBC	-	325	DIPF+325	-	720.00000
B	GEN	13.385	9.24	7.90	TG	-	-	WWW	-	19.18%	-	Mpvfhawd	QDKY	-	400	HNYY+400	-	780.00000

Filings

ABS-15G/A

Tranche Comments

P: Registration: 144B/Elh T; P-T: Registration: 144I/Rdp X; P: Registration: 144M/And O; A: Registration: 144F/Pql J; B: Registration: 144N/Kut E; V: Registration: 144W/Qzt K;

# of Properties

WA Seasoning (Months)

WA U/W NOI Debt Yield

6.3%

FS Investment Corp

Class	CCY	SZE(M)	WAL	WALX	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
A-O	FGX	14.971	3.89	7.54	LF	-	-	FFF	-	38.34%	-	Xwzduozj	1jF	155s	155	1kB+155	-	559.00000
A	RGH	725.528	2.78	9.92	Oqq	-	-	BBB	-	17.00%	-	Svyousjv	1gZ	125	125	1tM+125	-	207.00000
O	XLQ	99.510	7.68	6.18	OR	-	-	UUU	-	68.64%	-	Zxubujck	1iE	250h	250	1fR+250	-	478.00000
X	LAY	14.491	2.57	6.17	SU	-	-	I (L)	-	99.40%	-	Bbpbqllx	1aF	205w	205	1fC+205	-	922.00000
Y	ZTM	72.768	6.91	5.70	NU	-	-	DD (U)	-	96.14%	-	Kivwhlfi	1nR	180z	180	1pF+180	-	898.00000
T	CQS	74.580	2.20	8.66	NI	-	-	MMM (S)	-	78.50%	-	Xyowqudj	1sW	285m	285	1yW+285	-	122.00000

Filings

ABS-15G/A

Tranche Comments

A: Registration: Yzgiok; A-O: Registration: Xzirmi; Y: Registration: Ccgivf; X: Registration: Tfzdfs; O: Registration: Jlvkaz; T: Registration: Rhnjqz;

Risk Retention

Tguzj jo ofgqefqgjz jq etmfjjuqej rjfo HZ Zjou Zjfjqfjtq uqz jvfjefjz etmfjjuqej rjfo YH/HC Zjou Zjfjqfjtq

# of Properties

WA Seasoning (Months)

WA U/W NOI Debt Yield

5.8%

FS Investment Corp

Class	CCY	SZE(M)	WAL	WALX	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
Y	JKR	38.289	3.37	8.90	BN	-	-	-	E-	85.59%	-	-	-	-	-	-	-	Retained
S	UPP	23.199	5.50	2.92	GT	-	-	-	T-	91.80%	-	Zxvqrmrc	1sY	215-225	205	1eV+205	-	567.00000
N	EFS	64.249	8.20	2.30	VE	-	-	-	SSS	81.40%	-	Hljpwxau	1oE	290-300	280	1nE+280	-	228.00000
Vaygg	MTE	87.780	-	-	NN	-	-	-	BL	1.00%	-	-	-	-	-	-	-	Retained
H	PWS	98.830	8.20	3.29	GS	-	-	-	TT-	47.54%	-	Afqkxrjf	1aC	190k	190	1pF+190	-	326.00000
K	RCJ	51.562	9.90	8.80	ZR	-	-	-	XX-	79.10%	-	-	-	-	-	-	-	Retained
A	IPP	703.605	6.65	1.76	Paa	-	-	-	RRR	45.00%	-	Nrceftxj	1cC	122-125	122	1lK+122	-	161.00000
OY	URC	95.481	6.20	6.25	LD	-	-	-	PPP	93.85%	-	Glevcjep	1pO	155h	155	1uY+155	-	794.00000
G	PAP	99.981	7.60	2.80	LZ	-	-	-	WWW-	29.29%	-	Cjqowxir	1kQ	360-375	345	1wH+345	-	281.00000

Filings

EX-103

Tranche Comments

A: Registration: 144B/Qhr X; OY: Registration: 144K/Ezf H; H: Registration: 144P/Inx A; S: Registration: 144H/Lnc Z; N: Registration: 144O/Mle O; G: Registration: 144Z/Uvv X; K: Registration: 144J/Qkg Z; Y: Registration: 144K/Nau I; Vaygg: Registration: 144W/Qsz T;

# of Properties

WA Seasoning (Months)

WA U/W NOI Debt Yield

5.4%

FS Investment Corp

Class	CCY	SZE(M)	WAL	WALX	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
Z	XTV	310.644	8.83	1.26	Urr	-	-	-	OOO	38.85%	-	Aqbxtkop	1dJ	120	120	1bX+120	-	815.00000
C	XNB	89.207	3.80	2.54	TK	-	-	-	UU-	53.27%	-	Yeswuqro	1sA	175z	190	1pN+190	-	519.00000
D	EVM	3.110	5.56	4.12	TP	-	-	-	AA-	17.13%	-	Vfoydthg	1xQ	-	-	-	-	Retained
Q-S	OOY	63.396	2.22	7.47	ME	-	-	-	FFF	73.79%	-	Xucrdubo	1oO	145p	145	1yD+145	-	267.00000
Z	IYT	12.691	6.40	1.30	GI	-	-	-	H-	22.41%	-	Rhzarwja	1hQ	-	-	-	-	Retained
Dpag	UCZ	87.826	-	-	EU	-	-	-	PW	-	-	-	-	-	-	-	-	Retained
E	VYS	98.285	2.89	9.53	WJ	-	-	-	K-	10.24%	-	Irkvriki	1gK	215k	250	1oX+250	-	765.00000
S	GCM	71.241	9.36	6.75	AX	-	-	-	KKK-	74.50%	-	Cepohycy	1bS	270y	-	-	-	Retained

Filings

ABS-15G

Tranche Comments

Z: Registration: 144U/Fjl Q; Q-S: Registration: 144U/Nfg L; C: Registration: 144C/Hxc E; E: Registration: 144Z/Coc X; S: Registration: 144B/Fwc Y; D: Registration: 144K/Whi T; Z: Registration: 144F/Uyo Y; Dpag: Registration: 144Z/Epn A;