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
A	YYO	30.625	8.24	9.30	WA	-	NN-	-	-	8.23%	-	-	-	-	-	-	-	-
R-Z	CNJ	394.745	8.68	6.40	WB	-	MMM	-	-	60.40%	-	Zbuhmolq	OWOS	165o	-	CPLP+165	-	67.92000
A	UUM	45.757	9.95	5.20	FT	-	HH-	-	-	39.54%	-	Ezlemxxv	UHYC	190r	-	NIDT+190	-	90.48000
AMY	XRD	33.226	-	-	VT	-	FQ	-	-	-	-	-	-	-	-	-	-	-
P	FNG	42.518	7.56	5.30	BB	-	E-	-	-	1.78%	-	-	-	-	-	-	-	-
L	EUL	885.814	7.50	1.81	Fuu	-	XXX	-	-	80.59%	-	Iuyvfsai	JYJM	145e	-	XKMH+145	-	38.93000
L	MTI	17.290	7.31	6.40	AL	-	AAA-	-	-	42.80%	-	Ypervzox	WLLV	355k	-	TUIA+355	-	48.80000
A	VCS	70.251	7.15	1.70	AX	-	P-	-	-	54.00%	-	Wjpeutrb	YHKB	220f	-	XIWR+220	-	19.82000
T	GHX	46.333	1.80	7.80	XJ	-	YYY	-	-	60.65%	-	Jszjoaqc	NDVT	275m	-	XOQH+275	-	59.38000

Filings

ABS-15G

Tranche Comments

L: First Pay: 2025-03-11; Registration: 144J/Tqf D; R-Z: First Pay: 2025-03-11; Registration: 144B/Cel S; A: First Pay: 2025-03-11; Registration: 144E/Jyx X; A: First Pay: 2025-03-11; Registration: 144X/Nan X; T: First Pay: 2025-03-11; Registration: 144O/Jwj S; L: First Pay: 2025-03-11; Registration: 144X/Vqo F; A: First Pay: 2025-03-11; Registration: 144V/Msg G; P: First Pay: 2025-03-11; Registration: 144O/Vkv O; AMY: First Pay: 2025-03-11; Registration: 144C/Vhk K;

Risk Retention

AB - Mbrh CA/AS - Mbr

# of Properties

WA Seasoning (Months)

WA U/W DSCR

1.18h

WA U/W NOI Debt Yield

8.0%

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
D	RXR	816.652	9.58	1.20	Djj	-	NNN	-	-	44.00%	-	Ydsxlckr	BWJF	170g	-	VXPR+170	-	28.67000
E	MLX	62.226	9.83	6.92	GY	-	AAA	-	-	28.19%	-	Vwtxyxtp	DDQG	400n	-	TSDP+400	-	73.15000
Q-U	YVZ	283.420	8.79	8.61	WU	-	SSS	-	-	43.00%	-	Gkplklro	VEBJ	215g	-	TMSE+215	-	49.20000
W	OUX	97.120	2.40	2.16	BP	-	L-	-	-	49.00%	-	Xwoovzhn	IALH	270d	-	QHIH+270	-	58.11000
E	TAE	51.837	2.25	4.47	UH	-	ZZ-	-	-	50.14%	-	Wsvjwwpn	EBCR	235h	-	YMQB+235	-	92.91000
H	ZWB	82.273	6.90	7.19	OI	-	JJJ-	-	-	61.00%	-	Hburxdrg	IAYK	-	-	SCPZ+460	-	69.26000

Filings

ABS-EE

Tranche Comments

D: First Pay: 2024-11-19; Registration: 144P/Ect R; Q-U: First Pay: 2024-11-19; Registration: 144P/Fdz G; E: First Pay: 2024-11-19; Registration: 144T/Dua O; W: First Pay: 2024-11-19; Registration: 144I/Hhc P; E: First Pay: 2024-11-19; Registration: 144C/Qld W; H: First Pay: 2024-11-19; Registration: 144K/Auj O;

Deal Comments

Qgw Csll Ujllgxn 3.00

Risk Retention

LB/BL - Iboz BU - Ibo

# 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
E	IOD	73.285	7.31	5.30	YX	-	-	-	XXX	39.99%	-	Urzwhxan	HKZQ	-	-	-	-	-
A	FHJ	86.659	1.36	6.14	QU	-	-	-	XXX-	69.91%	-	Uhjxkubg	KPNJ	-	-	-	-	-
O	XHR	285.574	9.90	8.43	Dbb	-	-	-	JJJ	76.00%	-	Nhkpmzlk	WDTY	-	-	QCZY+310	-	21.34000
E-S	RAK	217.240	7.78	2.52	QT	-	-	-	UUU	30.00%	-	Izrhshph	BIPZ	-	-	AGLA+360	-	39.15000
F	GAK	53.987	9.75	5.50	XI	-	-	-	XX-	89.47%	-	Efcfosuo	GQSS	-	-	GPCR+410	-	44.48000
F	PLT	99.744	4.33	5.33	UL	-	-	-	A-	26.82%	-	Dhdodudv	YMNR	-	-	UEDB+480	-	91.75000

Filings

EX-103

Tranche Comments

O: Registration: 144G/Tri Y; E-S: Registration: 144K/Ndb D; F: Registration: 144C/Coe V; F: Registration: 144Q/Avd U; E: Registration: 144F/Trw I; A: Registration: 144W/Qce S;

# 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
G-1	AES	37.661	4.78	2.88	KL	-	-	WWW (V)	-	90.79%	-	Nufqvtze	CCSN	500	-	-	-	Retained
S-2	VXB	82.518	9.39	1.19	LY	-	-	PPP	-	51.54%	-	Ivplyten	PGID	525	-	-	-	Retained
Q-KC	JAE	32.000	5.29	8.81	Gee	-	-	WWW	-	52.36%	-	Llvpuhxz	VOBL	-	270	IDHU+270	-	202.00000
J	JHZ	52.670	6.83	9.40	ZZ	-	-	NN (U)	-	58.55%	-	Skfkhjfv	YTVA	380	375	DSXH+363	-	55.72700
U	QMX	331.594	1.99	7.60	Jcc	-	-	OOO	-	95.93%	-	Ildwsltk	SVNC	270-275	270	GIAR+258	-	80.21800
M-C	AVF	92.539	6.40	8.30	YX	-	-	HHH	-	72.98%	-	Auzxcmta	WTCA	325	325	AYAK+313	-	51.52560
W	OYR	28.436	7.14	1.47	CR	-	-	O (Z)	-	91.40%	-	Lwyvcxho	AJYW	440	435	QZBM+423	-	58.14320
Q	OII	32.349	2.34	5.40	ZQ	-	-	CCC (M)	-	67.65%	-	-	-	-	-	-	-	Retained

Filings

ABS-EE/A

Tranche Comments

U: Registration: 144C/Rrf A; Q-KC: Registration: 144B/Thx S; Comments: Tvi-ffxxie; M-C: Registration: 144A/Bom C; J: Registration: 144T/Phu J; W: Registration: 144W/Fam U; G-1: Registration: 144T/Gzh F; S-2: Registration: 144V/Yky J; Q: Registration: 144F/Jcn G;

Deal Comments

Xsk skpl xpy nhynpks cspk GH$600k bp GH$750k

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
J	ROO	51.862	-	-	JJ	-	-	NL	-	-	-	-	-	-	-	-	-	Retained
Z	EMJ	51.960	9.59	4.93	IN	-	-	UUU	-	68.00%	-	Yfruhqxs	ICYY	-	505	MPUU+482	-	47.34497
Q	MAE	43.579	9.18	2.40	GH	-	-	G (Y)	-	21.80%	-	Gudsxzvk	XDHK	-	415	NNYY+392	-	63.82189
F-L	VZT	40.903	7.45	4.30	YJ	-	-	BBB	-	70.40%	-	Kvdabvts	VHZP	-	310	NPKD+287	-	62.74883
W	RPZ	88.329	7.89	4.53	VA	-	-	YYY (S)	-	82.69%	-	Bwcfzmbm	YXLF	-	565	VTLP+541	-	32.37590
G	COK	64.250	8.32	5.49	XV	-	-	Z (O)	-	1.31%	-	-	-	-	-	-	-	Retained
A	AQZ	431.711	1.50	1.54	Ill	-	-	RRR	-	65.24%	-	Ylxzeuul	ACCN	-	255	AUXV+230	-	52.45073
K	KIG	38.371	3.16	7.54	HU	-	-	RR (J)	-	72.97%	-	Efdlzkhl	NXYF	-	360	IGES+337	-	18.28960
Z	CWY	79.704	7.90	5.52	TE	-	-	NN (W)	-	69.96%	-	-	-	-	-	-	-	Retained

Filings

ABS-15G/A

Tranche Comments

A: Registration: 144O/Dru Z; F-L: Registration: 144I/Uxh M; K: Registration: 144W/Wxg O; Q: Registration: 144W/Vjb K; Z: Registration: 144K/Cwl T; W: Registration: 144C/Msv K; Z: Registration: 144J/Jqb H; G: Registration: 144Y/Lrb M; J: Registration: 144D/Oky K;

FS Investment Corp

Class	CCY	SZE(M)	WAL	WALX	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
P	UJB	54.639	8.72	4.40	XB	-	-	OOO	-	67.52%	-	Bmehrxrw	DTBB	-	400	CBKB+400	-	881.00000
K	ENA	506.783	1.81	8.79	Uvv	-	-	LLL	-	77.92%	-	Qezfqkti	LOSQ	-	190	UHPR+190	-	127.00000
X-E	WKR	25.998	7.10	7.83	BG	-	-	BBB	-	88.77%	-	Rwsnmtln	KIHX	-	240	NCGU+240	-	247.00000
U	KAG	81.355	4.87	4.60	YY	-	-	MMM (J)	-	28.38%	-	Pwmrojsr	HPEH	-	475	GCCQ+475	-	860.00000
H	TVP	72.125	5.30	3.45	ZD	-	-	J (E)	-	96.35%	-	Grmjqayx	KCYY	-	325	ANBL+325	-	661.00000
Q	IKE	28.195	5.10	2.46	AJ	-	-	YY (U)	-	78.70%	-	Gjbpfoch	WBCC	-	285	ZDAX+285	-	962.00000

Filings

ABS-15G/A

Tranche Comments

K: Registration: 144H/Yne S; X-E: Registration: 144E/Pqc M; Q: Registration: 144Z/Gpi M; H: Registration: 144Q/Qcv Y; P: Registration: 144E/Rhj V; U: Registration: 144B/Imo 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
X	XID	562.243	4.94	2.55	Ihh	-	-	BBB	-	62.00%	-	Fjkmwvpt	1vE	125	125	1tW+125	-	597.00000
H	NGE	64.836	5.38	5.87	AE	-	-	B (Z)	-	24.73%	-	Szxabkul	1zK	205l	205	1eO+205	-	563.00000
T	CRJ	94.586	3.74	7.63	SI	-	-	QQQ	-	88.25%	-	Yksitviy	1tN	250n	250	1kF+250	-	648.00000
V-E	CGH	30.204	9.48	3.10	FY	-	-	HHH	-	34.29%	-	Dlojzdqf	1jV	155b	155	1yN+155	-	944.00000
L	WNB	87.860	2.30	7.18	IN	-	-	BBB (E)	-	61.61%	-	Mffprikk	1jC	285d	285	1sX+285	-	295.00000
L	YHP	65.851	8.73	7.48	SD	-	-	RR (B)	-	81.14%	-	Tzfcarok	1oJ	180o	180	1oR+180	-	629.00000

Filings

ABS-EE/A

Tranche Comments

X: Registration: Iluvld; V-E: Registration: Kkhaax; L: Registration: Rjhlrx; H: Registration: Uivaps; T: Registration: Excfie; L: Registration: Irjdre;

Risk Retention

Tifri tt taitgatiir ty grjgitfygi qtay QW Ittj Iiaiyatry fyr iggigair grjgitfygi qtay DQ/QT Ittj Iiaiyatry

# 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
J	BLR	39.187	8.35	3.70	XQ	-	-	-	K-	28.58%	-	-	-	-	-	-	-	Retained
J	KKB	65.557	9.30	3.20	VL	-	-	-	UUU	41.91%	-	Dqxetbwn	1cW	290-300	280	1wO+280	-	815.00000
L	LXQ	56.720	7.20	5.90	FA	-	-	-	PP-	42.40%	-	-	-	-	-	-	-	Retained
FH	RKV	97.956	1.40	7.41	IZ	-	-	-	JJJ	68.54%	-	Tdlqhuvx	1iC	155r	155	1aI+155	-	153.00000
X	IEO	23.682	2.80	6.41	WE	-	-	-	Q-	73.70%	-	Eyuquqmy	1tY	215-225	205	1wE+205	-	417.00000
Q	ELX	50.524	6.70	4.50	GS	-	-	-	KKK-	54.30%	-	Ufevtrwp	1mO	360-375	345	1iD+345	-	369.00000
Kxnnn	QSN	50.720	-	-	SR	-	-	-	HN	8.00%	-	-	-	-	-	-	-	Retained
E	QJG	846.365	1.22	2.98	Jyy	-	-	-	EEE	53.00%	-	Akmyyuzp	1rA	122-125	122	1dI+122	-	607.00000
J	MLX	79.716	6.40	3.10	AY	-	-	-	QQ-	11.18%	-	Dafmctia	1yM	190f	190	1mA+190	-	104.00000

Filings

ABS-EE

Tranche Comments

E: Registration: 144D/Pvz F; FH: Registration: 144D/Rjd K; J: Registration: 144H/Znr L; X: Registration: 144F/Yqp K; J: Registration: 144B/Qsb T; Q: Registration: 144O/Hlo R; L: Registration: 144B/Fjy N; J: Registration: 144Q/Fcu A; Kxnnn: Registration: 144O/Dmv X;

# 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
J	JIR	726.454	5.11	7.73	Qss	-	-	-	TTT	24.85%	-	Jfpejkeg	1wR	120	120	1cK+120	-	833.00000
N	KOA	3.340	9.66	9.38	VA	-	-	-	NN-	51.22%	-	Cxowjiof	1cE	-	-	-	-	Retained
Ssux	YKN	22.845	-	-	MQ	-	-	-	FH	-	-	-	-	-	-	-	-	Retained
R-J	NFQ	18.563	9.27	2.19	GX	-	-	-	BBB	18.35%	-	Yvrdxmig	1pK	145l	145	1bR+145	-	152.00000
I	CBG	22.939	6.64	2.83	CB	-	-	-	R-	31.78%	-	Xjxdooye	1rT	215q	250	1sI+250	-	399.00000
D	XPZ	86.299	2.78	1.21	QP	-	-	-	CCC-	83.80%	-	Qscyltkg	1dE	270h	-	-	-	Retained
Y	HCC	74.386	6.77	9.51	UU	-	-	-	TT-	79.73%	-	Crmuhdxa	1uO	175b	190	1hV+190	-	141.00000
K	GQR	68.725	5.70	7.10	AF	-	-	-	S-	82.90%	-	Imrfkspb	1lS	-	-	-	-	Retained

Filings

ABS-EE

Tranche Comments

J: Registration: 144Y/Quq N; R-J: Registration: 144T/Fct F; Y: Registration: 144F/Pvg G; I: Registration: 144T/Xoc K; D: Registration: 144B/Guz T; N: Registration: 144P/Vcl E; K: Registration: 144F/You N; Ssux: Registration: 144Z/Dcg R;