Company: NREF
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001786248-25-000016
Chunk: 42

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 42
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,297 $1,025,751 $5,310,626 LiabilitiesSecured financing agreements, net$233,908 $— $— $252,480 $252,480 Master repurchase agreements260,947 — — 260,947 260,947 Unsecured notes, net221,802 — 212,203 — 212,203 Mortgages payable, net63,500 — — 59,792 59,792 Mortgages payable held for sale, net31,824 — — 32,586 32,586 Accounts payable and other accrued liabilities12,376 12,376 — — 12,376 Accrued interest payable11,507 11,507 — — 11,507 Bonds payable held in variable interest entities, at fair value3,883,947 — 3,883,947 — 3,883,947 Total Liabilities$4,719,811 $23,883 $4,096,150 $605,805 $4,725,838 

31

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 December 31, 2024 (in thousands): Fair ValueCarryingValueLevel 1Level 2Level 3TotalAssetsCash and cash equivalents$3,877 $3,877 $— $— $3,877 Restricted cash3,176 3,176 — — 3,176 Loans, held-for-investment, net497,544 — — 505,866 505,866 Preferred stock investments, at fair value18,949 — — 18,949 18,949 Common stock investments, at fair value57,389 — — 57,389 57,389 Equity method investments1,504 — — 1,504 1,504 Mortgage loans, held-for-investment, net263,395 — — 262,037 262,037 Accrued interest41,208 41,208 — — 41,208 Mortgage loans held in variable interest entities, at fair value4,343,359 —