Company: NREF
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001786248-25-000010
Chunk: 177

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 6
Chunk 177
---
 interpret market data and develop estimated fair values. Accordingly, the estimates presented herein are not necessarily indicative of the amounts the Company would realize on the disposition of the financial instruments. The use of different market assumptions or estimation methodologies may have a material effect on the estimated fair value amounts.In calculating the fair value of its long-term indebtedness, the Company used interest rate and spread assumptions that reflect current creditworthiness and market conditions available for the issuance of long-term debt with similar terms and remaining maturities. These financial instruments utilize Level 2 inputs.Amounts borrowed under master repurchase agreements are based on their contractual amounts that reasonably approximate their fair value given the short to moderate term and floating rate nature.

29

The carrying values and fair values of the Company’s financial assets and liabilities recorded at fair value on a recurring basis, as well as other financial instruments not carried at fair value as of March 31, 2025 (in thousands): Fair ValueCarryingValueLevel 1Level 2Level 3TotalAssetsCash and cash equivalents$19,224 $19,224 $— $— $19,224 Restricted cash4,264 4,264 — — 4,264 Loans, held-for-investment, net489,942 — — 500,171 500,171 Preferred stock investments, at fair value73,962 — — 73,962 73,962 Common stock investments, at fair value55,975 — — 55,975 55,975 Equity method investments1,556 — — 1,556 1,556 Mortgage loans, held-for-investment, net273,452 — — 271,083 271,083 Accrued interest40,316 40,316 — — 40,316 Mortgage loans held in variable interest entities, at fair value4,235,748 — 4,235,748 — 4,235,748 CMBS structured pass-through certificates, at fair value39,852 — 39,852 — 39,852 Stock warrant investments42,573 — — 42,573 42,573 Accounts receivable and other assets1,000 889 111 — 1,000 Total Assets$5,277,864 $64,693 $4,275,711 $945,320 $