Company: NREF
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052000
Chunk: 273

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 2
Chunk 273
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Redemptions and Sales

The following investments were redeemed or sold during the three months ended September 30, 2025:

InvestmentProperty TypeInvestment DateDisposition DateAmortized Cost BasisRedemption/Sales ProceedsPrepayment PenaltiesNet Gain (Loss) on RepaymentPreferred EquityLife Science4/6/20237/11/2025$702,604 $702,604 $— $— Real EstateMultifamily12/31/20217/22/202529,865,383 29,865,383 — — Preferred EquityLife Science10/19/20229/26/2025441,743 441,743 — — Preferred EquityMultifamily10/5/20229/29/20252,539,672 2,539,672 — — Common EquityMultifamily5/8/20249/29/2025391,500 391,500 — — Senior LoanLife Science1/26/20249/30/202562,450,000 62,450,000 — — $96,390,902 $96,390,902 $— $— 

Components of Our Revenues and Expenses

Net Interest Income 

Interest income. Our earnings are primarily attributable to the interest income from mortgage loans, mezzanine loan and preferred equity investments. Loan premium/discount amortization and prepayment penalties are also included as components of interest income.

Interest expense. Interest expense represents interest accrued on our various financing obligations used to fund our investments and is shown as a deduction to arrive at net interest income.

Other Income (Loss)

Change in net assets related to consolidated CMBS variable interest entities. Includes unrealized gain (loss) based on changes in the fair value of the assets and liabilities of the CMBS trusts and net interest earned on the consolidated CMBS trusts. See Note 4 to our consolidated financial statements for additional information.

Change in unrealized gain (loss) on CMBS structured pass-through certificates. Includes unrealized gain (loss) based on changes in the fair value of the CMBS I/O Strips. See Note 7 to our consolidated financial statements for additional information.

Change in unrealized gain on common stock investments. Includes unrealized gain (loss) based on changes in the fair value of our common stock investments in NSP and the Private REIT. See Note 5 to our consolidated financial statements for additional