Company: NREF
Filing Date: 2025-03-14
Form Type: 424B5
Source: 0001437749-25-007771
Chunk: 28

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-03-14
Form: 424B5
Chunk 28
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On May 20, 2024, the OP entered into a loan agreement with Raymond James Bank, N.A. (“Raymond James Bank”), as lender, providing for a loan in the aggregate principal amount of $75,000,000 (the “Raymond James Loan”). The Raymond James Loan bears interest at term secured overnight financing rate plus 6.50%, is interest only during the term of the loan and matures on May 20, 2025. The Company has the option to extend the maturity date for one six-month period. To extend, the OP cannot be in default, must meet certain financial covenants and needs to pay a fee of 1.00% of the outstanding principal balance as of the maturity date. The Raymond James Loan is secured by certain equity interests held indirectly by the OP and is guaranteed by the Company. Pursuant to the Raymond James Loan, the OP must pay to Raymond Jams Bank 100% of the net capital proceeds of any capital event, including common and preferred equity issuances, to permanently reduce the then-outstanding principal of the Raymond James Loan. The Raymond James Loan contains customary events of default, including defaults in the payment of principal or interest, defaults in compliance with the covenants contained therein, defaults in payments under any other security interest, and bankruptcy or other insolvency events. As of September 30, 2024, the outstanding balance of the Raymond James Loan was $75 million. The Company used the proceeds of the Raymond James Loan to fund additional investments pursuant to the Company’s business plan.

Our OP may invest the net proceeds contributed by us in interest-bearing accounts and short-term, interest-bearing securities, or in any other manner that is consistent with our intention to qualify for taxation as a REIT and maintain our exclusion from registration under the Investment Company Act.

<div align='center'>S-19

DESCRIPTION OF SERIES B PREFERRED STOCK</div>

The following description summarizes the material provisions of the Series B Preferred Stock we may offer. This description is not complete and is subject to, and is qualified in its entirety by reference to, our charter, including the Articles Supplementary establishing the Series B Preferred Stock which were filed with the State Department of Assessments and Taxation of Maryland, and the SEC on Form 8-K on November 2, 2023, and our bylaws and applicable provisions of Maryland law. For a more complete description of certain provisions of Maryland law, our charter and our bylaws, see“Description of Capital Stock”beginning