v3.25.2
Variable Interest Entities - Summary of Detailed Information About the Assets and Liabilities (Details) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Jun. 30, 2024
Assets:      
Restricted cash $ 31,857 $ 29,054 $ 63,934
Loans receivable, held-for-investment 7,360,785 7,402,810 $ 8,097,930
Interest receivable 62,210 58,110  
Other assets 14,692 15,002  
Mortgage loans held in securitization trusts, at fair value 2,246,442 1,633,589  
Total assets [1] 10,820,498 10,202,447  
Liabilities      
Collateralized loan obligations, net 3,135,910 3,696,034  
Interest payable 18,402 15,799  
Other liabilities 37,721 53,649  
Mortgage obligations issued by securitization trusts, at fair value 2,034,059 1,484,019  
Total liabilities [1] 8,107,585 7,434,797  
Variable Interest Entity, Primary Beneficiary      
Assets:      
Restricted cash 1,688 0  
Loans receivable, held-for-investment 3,885,044 4,672,521  
Interest receivable 34,541 38,650  
Other assets 66,235 168,129  
Mortgage loans held in securitization trusts, at fair value 2,246,442 1,633,589  
Total assets 6,233,950 6,512,889  
Liabilities      
Collateralized loan obligations, net 3,135,910 3,696,034  
Interest payable 6,954 9,644  
Other liabilities 201 1,508  
Mortgage obligations issued by securitization trusts, at fair value 2,034,059 1,484,019  
Total liabilities $ 5,177,124 $ 5,191,205  
[1] The June 30, 2025 and December 31, 2024 consolidated balance sheets include assets of consolidated variable interest entities, or VIEs, that can only be used to settle obligations of the VIEs, and liabilities of consolidated VIEs for which creditors do not have recourse to FS Credit Real Estate Income Trust, Inc. As of June 30, 2025 and December 31, 2024, assets of the VIEs totaled $6,233,950 and $6,512,889, respectively, and liabilities of the VIEs totaled $5,177,124 and $5,191,205, respectively. See Note 10 to our consolidated financial statements included herein for further details.