Company: NREF
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052000
Chunk: 92

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 8
Chunk 92
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188 Charlotte, NCMultifamilyN/AN/AN/A2Real Estate10/10/2023(11)N/A(1,566)Atlanta, GAMultifamilyN/AN/AN/ATotal(1,378)Promissory Note1Promissory Note7/10/202412,500 12,500 VariousSingle-family15.00 %15.00 %0.782Promissory Note9/30/20253,000 3,000 Las Vegas, NVMultifamily8.00 %8.00 %1.00Total15,500 15,500 13.65 %13.65 %0.82 Revolving Credit Facility1Revolving Credit Facility12/31/2024148,600 137,901 VariousLife Science13.50 %13.50 %2.25Total148,600 137,901 13.50 %13.50 %2.25 Stock Warrant1Stock Warrant5/23/2024N/A116,228 VariousLife ScienceN/AN/AN/ATotal116,228 

(1)Our total portfolio represents the current principal amount of the consolidated senior loans, CMBS I/O Strips, mezzanine loans, preferred equity, multifamily properties, promissory notes, revolving credit facilities and stock warrants as well as the net equity of our CMBS B-Piece investments.

(2)Net equity represents the carrying value less borrowings collateralized by the investment.

(3)Current yield is the annualized income earned divided by the cost basis of the investment.

(4)The weighted-average life is weighted on current principal balance and assumes no prepayments. The maturity date for preferred equity investments represents the maturity date of the senior mortgage, as the preferred equity investments require repayment upon the sale or refinancing of the asset.

(5)The CMBS B-Pieces are shown on an unconsolidated basis reflecting the value of our investments.

(6)The number shown represents the notional value on which interest is calculated for the CMBS I/O Strips. CMBS I/O Strips receive no principal payments and the notional value decreases as the underlying loans are paid off.

(7)The mezzanine loan term was extended effective April 9, 2025 to May 16, 2025, and extended further to November 10