Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 421

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 421
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. As of December 31, 2023, the Credit Facility had an outstanding balance of $20.0 million. For additional information regarding our Credit Facility, see Note 6.

Revolving Credit Facility

On May 22, 2023, the Company entered into the revolving credit facility with NexBank (the "NexBank Revolver"), with the option for the Company to receive additional disbursements thereunder up to a maximum amount of $50.0 million. As of December 31, 2023, the NexBank Revolver bears interest at one-month SOFR plus 3.50% and matures on May 21, 2024, with the option to extend the maturity up to two times, each by six months. In order to extend the debt, the Company must give at the latest, a 60 day notice to the lender, as well as fund the interest reserve account up to a six-month reserve. As of December 31, 2023, the NexBank Revolver had an outstanding balance of $20.0 million. As of December 31, 2023, the Company held $0.9 million in restricted cash in the interest reserve account.

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Obligations and Commitments

The following table summarizes our contractual obligations and commitments as of December 31, 2023 for the next five calendar years subsequent to December 31, 2023.

| Property Level Debt                           |     | Payments Due by Period (in thousands) 
 Total                                 |         |    |     | 2024 |         |     | 2025 |        |     | 2026 |       |     | 2027 |       |     | 2028 |       |     | Thereafter |       |    |
|:----------------------------------------------|:----|:--------------------------------------|--------:|---:|:----|:-----|--------:|:----|:-----|-------:|:----|:-----|------:|:----|:-----|------:|:----|:-----|------:|:----|:-----------|------:|---:|
| Principal payments                            |     | $                                     | 155,555 |    |     | $    | 142,305 |     | $    | 13,250 |     | $    |     — |     | $    |     — |     | $    |     — |