Material Agreement, Financial Obligation (Form 8-K)

Revolving Credit Facility

On August 14, 2025, FCR TL Holdings LLC , a subsidiary of Fortress Credit Realty Income Trust (the "Company"), as borrower, the Company, as guarantor, and JPMorgan Chase Bank, N.A., as administrative agent and lender, entered into the Amendment No. 2 (the "Revolving Credit Facility Amendment No. 2") to the Loan and Security Agreement, dated November 8, 2024, and amended May 1, 2025 (as amended by Revolving Credit Facility Amendment No. 2, the "Subsidiary Loan Agreement" and the revolving credit facility, the "Revolving Credit Facility"). Pursuant to the Revolving Credit Facility Amendment No. 2, the "Applicable Margin" for purposes of calculating interest on any outstanding borrowings was reduced from two percent (2.00%) to one point eight five percent (1.85%). At any time the outstanding borrowings under the Revolving Credit Facility are at least 5% less than the Borrowing Base (as defined in the Subsidiary Loan Agreement), the Applicable Margin will be further reduced to one point seven five percent (1.75%).

Except as described herein, the material terms of the Subsidiary Loan Agreement remain unchanged. The foregoing description is a summary of the Revolving Credit Facility Amendment No. 2 and is qualified in its entirety by reference to the full text of the Revolving Credit Facility Amendment No. 2, which is filed as Exhibit 10.1 to this Current Report on Form 8-K (this "Current Report").

The information set forth in Item 1.01 of this Current Report is incorporated by reference into this Item 2.03.