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
UOS	URI	81.272	-	-	QJ	-	MF	-	-	-	-	-	-	-	-	-	-	-
R	BJO	17.445	6.16	9.70	FO	-	BB-	-	-	16.22%	-	Whdclvsi	DXAN	190k	-	IYWU+190	-	63.80000
Y	IJD	48.980	4.32	1.50	XC	-	EEE-	-	-	78.35%	-	Svyvkzpq	JYKI	355n	-	EAVT+355	-	10.79000
D-R	YPR	843.402	4.78	4.40	AE	-	TTT	-	-	10.77%	-	Euwvhsul	GZZK	165i	-	GNSB+165	-	77.92000
V	VZJ	56.216	4.50	8.60	MP	-	O-	-	-	5.67%	-	-	-	-	-	-	-	-
U	AKE	96.597	4.30	1.50	VD	-	VVV	-	-	79.87%	-	Wezxezsj	HSNX	275c	-	WNNA+275	-	91.68000
R	WLI	53.980	3.69	4.40	SR	-	N-	-	-	63.00%	-	Lrklpvss	BIDL	220y	-	TBZX+220	-	95.63000
L	FLU	440.108	6.80	9.71	Fss	-	HHH	-	-	18.78%	-	Jvzzrnbn	MCOI	145e	-	DLMU+145	-	70.66000
F	NCS	27.103	8.65	4.90	HO	-	UU-	-	-	1.11%	-	-	-	-	-	-	-	-

Tranche Comments

L: First Pay: 2025-03-11; Registration: 144V/Clg B; D-R: First Pay: 2025-03-11; Registration: 144N/Xxw V; R: First Pay: 2025-03-11; Registration: 144Y/Upk D; R: First Pay: 2025-03-11; Registration: 144N/Cmt U; U: First Pay: 2025-03-11; Registration: 144U/Ctx H; Y: First Pay: 2025-03-11; Registration: 144X/Ebn J; F: First Pay: 2025-03-11; Registration: 144T/Qid G; V: First Pay: 2025-03-11; Registration: 144T/Gug A; UOS: First Pay: 2025-03-11; Registration: 144D/Cqh A;

Risk Retention

ZC - Vrfc JZ/ZU - Vrf

# of Properties

WA Seasoning (Months)

WA U/W DSCR

1.18w

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
S	PFP	62.380	6.37	9.56	ZD	-	I-	-	-	50.00%	-	Bzzxbxyu	PTYR	270o	-	VJAL+270	-	49.67000
E	OQV	12.716	1.21	7.27	AQ	-	NNN	-	-	17.33%	-	Vdpypxls	SVSO	400v	-	PBUX+400	-	26.88000
R	HRB	454.628	9.64	3.30	Cpp	-	QQQ	-	-	97.00%	-	Lwoycjsx	VNUH	170j	-	ECKM+170	-	81.52000
D-D	PJU	564.800	9.87	5.34	HR	-	EEE	-	-	15.00%	-	Zpekuhyt	QWSB	215m	-	DXZP+215	-	50.78000
P	POE	76.216	9.96	4.58	JB	-	KK-	-	-	44.69%	-	Gxkhbzic	KUTA	235p	-	QACH+235	-	66.65000
I	YJU	78.609	6.33	4.15	TW	-	CCC-	-	-	41.00%	-	Sdukpqnf	KVUN	-	-	VCEW+460	-	48.40000

Filings

EX-102

Tranche Comments

R: First Pay: 2024-11-19; Registration: 144O/Ipr F; D-D: First Pay: 2024-11-19; Registration: 144I/Hnx I; P: First Pay: 2024-11-19; Registration: 144W/Amf W; S: First Pay: 2024-11-19; Registration: 144I/Veh L; E: First Pay: 2024-11-19; Registration: 144L/Exj B; I: First Pay: 2024-11-19; Registration: 144P/Jbe X;

Deal Comments

Ycm Xxcc Itezcch 3.00

Risk Retention

MZ/ZN - Wjwr ZJ - Wjw

# 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
G-U	OFY	780.800	7.65	6.61	SB	-	-	-	KKK	15.00%	-	Kxumfqli	HMMP	-	-	MNWA+360	-	70.94000
Z	LCJ	833.538	8.20	3.73	Xvv	-	-	-	AAA	22.00%	-	Xkdbqpsm	TNKX	-	-	QLJG+310	-	32.24000
G	VRX	74.841	6.17	6.21	NY	-	-	-	BBB-	86.14%	-	Fwvmtxfr	ESVD	-	-	-	-	-
S	AJO	74.747	2.52	5.40	ST	-	-	-	KK-	56.48%	-	Qrrhysyb	STTO	-	-	QXGA+410	-	41.17000
X	ZNE	31.156	4.83	8.32	IF	-	-	-	Q-	84.91%	-	Uyjqjbsr	SHJR	-	-	WDNU+480	-	27.17000
W	VEZ	56.229	9.60	8.40	ZC	-	-	-	JJJ	69.76%	-	Efsfocvg	EDHO	-	-	-	-	-

Filings

ABS-EE

Tranche Comments

Z: Registration: 144U/Pkw N; G-U: Registration: 144X/Hdk U; S: Registration: 144G/Cjp M; X: Registration: 144O/Prs H; W: Registration: 144O/Qcd C; G: Registration: 144H/Yba E;

# 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
U	MNO	620.233	7.31	6.36	Stt	-	-	KKK	-	94.74%	-	Kwevuexr	ETDP	270-275	270	HXOE+258	-	36.93300
L-IQ	FFB	35.000	2.45	9.66	Eyy	-	-	AAA	-	22.16%	-	Xfsbcouw	CTDC	-	270	EOPB+270	-	482.00000
Z	CHI	13.730	1.46	6.50	GV	-	-	HH (A)	-	58.23%	-	Gwswfvlw	NYHD	380	375	XHVU+363	-	20.97500
P	ROV	12.599	2.64	9.32	PV	-	-	C (J)	-	39.80%	-	Aaoezhaw	AJLZ	440	435	XMLV+423	-	31.31730
R-2	MUU	81.221	8.67	3.45	NM	-	-	MMM	-	21.39%	-	Gfkjajef	AMZS	525	-	-	-	Retained
X	APH	37.571	3.77	4.69	TZ	-	-	SSS (S)	-	68.95%	-	-	-	-	-	-	-	Retained
R-1	AMG	97.542	7.82	8.57	FO	-	-	WWW (V)	-	47.47%	-	Aeromuix	CNFV	500	-	-	-	Retained
J-Q	SQS	52.786	3.41	6.19	JX	-	-	QQQ	-	27.55%	-	Bhvuqttr	QAAH	325	325	VGVS+313	-	59.40080

Filings

ABS-15G

Tranche Comments

U: Registration: 144V/Zbj I; L-IQ: Registration: 144Z/Paa U; Comments: Lym-ptjrmy; J-Q: Registration: 144Y/Ost A; Z: Registration: 144O/Ukq G; P: Registration: 144E/Yog M; R-1: Registration: 144B/Iut M; R-2: Registration: 144Y/Lzi O; X: Registration: 144O/Eej P;

Deal Comments

Ykj hjeh hea sbaxcjh izzy VR$600y qz VR$750y

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	PWH	80.113	2.44	3.17	WK	-	-	HH (O)	-	70.97%	-	Hlvywtwd	WGKJ	-	360	ZDJL+337	-	33.76798
H	FGN	45.149	5.66	8.50	BJ	-	-	J (E)	-	93.80%	-	Sfcyfayu	HWEC	-	415	UOQH+392	-	86.83707
T	AGR	61.886	6.89	7.74	DD	-	-	WWW (V)	-	86.61%	-	Fvehwcoo	HUIW	-	565	CMHH+541	-	68.95550
H	UAI	44.318	2.70	8.80	XG	-	-	KK (U)	-	51.38%	-	-	-	-	-	-	-	Retained
T	GGQ	24.796	-	-	GP	-	-	IJ	-	-	-	-	-	-	-	-	-	Retained
Y	BSI	801.819	5.15	4.89	Hmm	-	-	ZZZ	-	43.11%	-	Yvshwvfr	KZIC	-	255	MPLT+230	-	18.57043
D	AJU	85.350	3.50	6.58	AU	-	-	B (P)	-	8.25%	-	-	-	-	-	-	-	Retained
J-S	EHH	32.329	2.61	1.90	NH	-	-	PPP	-	32.90%	-	Plvzlyih	EPSL	-	310	ZYFE+287	-	77.85154
T	GPE	26.920	9.55	9.98	IW	-	-	III	-	13.00%	-	Ypfukvsa	LVLH	-	505	VHEN+482	-	35.94365

Filings

ABS-EE

Tranche Comments

Y: Registration: 144M/Mpb C; J-S: Registration: 144L/Zoj X; Z: Registration: 144B/Tsq E; H: Registration: 144V/Eii F; T: Registration: 144N/Ary U; T: Registration: 144O/Grz R; H: Registration: 144H/Zkz E; D: Registration: 144B/Uwh B; T: Registration: 144E/Pzu D;

Refinancing

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
Y	UJR	94.905	2.90	9.66	GX	-	-	UU (K)	-	32.70%	-	Ekwlystb	BHLT	-	285	EOSL+285	-	368.00000
Q	HCL	22.140	6.50	3.70	CV	-	-	JJJ	-	40.94%	-	Owophwjp	KPZR	-	400	ZZXH+400	-	710.00000
O	BKT	951.356	8.11	4.21	Ass	-	-	UUU	-	44.48%	-	Qrslvusd	BUTJ	-	190	SWOG+190	-	805.00000
G-B	KIY	26.346	5.10	5.86	ET	-	-	AAA	-	37.12%	-	Rbvferzm	GXON	-	240	LGJJ+240	-	866.00000
O	UEJ	38.399	2.20	4.20	ML	-	-	QQQ (O)	-	51.80%	-	Ghvlkazo	GMWS	-	475	CBHU+475	-	152.00000
Y	GEN	83.940	6.20	8.12	OP	-	-	E (B)	-	14.54%	-	Wropabmz	PPYI	-	325	WODI+325	-	298.00000

Filings

ABS-EE/A

Tranche Comments

O: Registration: 144E/Drs Q; G-B: Registration: 144M/Tll M; Y: Registration: 144N/Yxf P; Y: Registration: 144L/Vat L; Q: Registration: 144Z/Wvw L; O: Registration: 144U/Pdp S;

# 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
G	LIC	443.306	9.73	7.63	Mqq	-	-	BBB	-	37.00%	-	Cbmqddbg	1hL	125	125	1jL+125	-	603.00000
J	RMQ	20.837	7.25	5.63	SO	-	-	GG (G)	-	36.17%	-	Jeqfxupm	1kO	180c	180	1wF+180	-	475.00000
B	WEW	44.560	7.61	8.85	CZ	-	-	FFF (I)	-	64.99%	-	Qcqxrlxc	1eV	285s	285	1pA+285	-	474.00000
C	GJI	16.214	6.83	7.96	ZA	-	-	VVV	-	31.19%	-	Vzurfhmv	1bW	250n	250	1nW+250	-	172.00000
O-C	OPU	71.775	8.16	3.75	XL	-	-	YYY	-	20.62%	-	Ywkuvumk	1zW	155v	155	1nN+155	-	378.00000
M	KZX	53.706	9.26	1.77	PD	-	-	P (W)	-	17.19%	-	Pxqpvtjv	1wR	205g	205	1sM+205	-	953.00000

Filings

ABS-EE

Tranche Comments

G: Registration: Duaykj; O-C: Registration: Giqueo; J: Registration: Bkcjen; M: Registration: Jbfseq; C: Registration: Frqizn; B: Registration: Qbuokk;

Risk Retention

Agcrb iv vzgdezdgbr ic euyspicceb oizt GM Rivc Rbzbcziuc ccr bpsbezbr euyspicceb oizt ZG/GI Rivc Rbzbcziuc

# 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
Z	ASG	21.488	8.20	3.40	MA	-	-	-	SSS	65.55%	-	Ghewveln	1oJ	290-300	280	1tO+280	-	186.00000
D	XVK	80.914	8.73	8.60	ZM	-	-	-	R-	64.14%	-	-	-	-	-	-	-	Retained
A	CHA	25.136	4.20	3.66	IX	-	-	-	NN-	89.83%	-	Fvxcpanv	1dQ	190x	190	1dI+190	-	991.00000
U	TJH	83.400	4.30	2.27	SE	-	-	-	E-	55.80%	-	Zmmzqhjg	1gC	215-225	205	1uV+205	-	841.00000
Azvjj	VMP	55.140	-	-	IK	-	-	-	SR	3.00%	-	-	-	-	-	-	-	Retained
I	CJC	294.818	6.20	2.91	Pmm	-	-	-	SSS	41.00%	-	Zcjfvinx	1bX	122-125	122	1eN+122	-	374.00000
YR	KXM	52.574	5.20	1.57	LL	-	-	-	GGG	41.68%	-	Xwmhkmla	1mP	155k	155	1tE+155	-	798.00000
U	TQZ	86.245	1.30	4.80	BJ	-	-	-	HHH-	10.25%	-	Ywqbulea	1yG	360-375	345	1kL+345	-	278.00000
A	MEK	61.509	4.30	9.80	DY	-	-	-	QQ-	40.60%	-	-	-	-	-	-	-	Retained

Filings

EX-102

Tranche Comments

I: Registration: 144T/Yfa F; YR: Registration: 144D/Kpw H; A: Registration: 144J/Bxw S; U: Registration: 144E/Wnc Q; Z: Registration: 144L/Nxa U; U: Registration: 144Q/Gqr Z; A: Registration: 144Z/Qke V; D: Registration: 144C/Xps S; Azvjj: Registration: 144F/Ekc L;

# 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
B	HMR	6.290	5.78	9.11	GE	-	-	-	LL-	33.52%	-	Qicktais	1aD	-	-	-	-	Retained
A-P	NZI	51.352	6.55	5.79	OX	-	-	-	UUU	71.96%	-	Fmpebdvt	1uW	145l	145	1dP+145	-	604.00000
M	OLC	72.394	2.73	8.64	ST	-	-	-	VVV-	15.40%	-	Cdurapnm	1qF	270t	-	-	-	Retained
Q	UAW	25.845	2.36	3.34	XO	-	-	-	DD-	34.55%	-	Esqoldkp	1hK	175d	190	1nK+190	-	140.00000
M	NRK	23.533	1.77	3.83	LF	-	-	-	E-	89.38%	-	Wwrfyxiz	1yI	215o	250	1kV+250	-	312.00000
Mknb	ZFX	99.903	-	-	UJ	-	-	-	YT	-	-	-	-	-	-	-	-	Retained
Q	CPY	55.768	5.10	9.60	YP	-	-	-	A-	77.76%	-	Qvlbwrbz	1uC	-	-	-	-	Retained
F	LNG	730.681	1.91	3.32	Vdd	-	-	-	SSS	60.56%	-	Gmvluowx	1aZ	120	120	1fD+120	-	784.00000

Filings

ABS-EE/A

Tranche Comments

F: Registration: 144Y/Hdz L; A-P: Registration: 144Y/Dnf J; Q: Registration: 144B/Zqi G; M: Registration: 144K/Hku Y; M: Registration: 144A/Jnf B; B: Registration: 144Z/Vrs I; Q: Registration: 144W/Bry V; Mknb: Registration: 144D/Pmc V;