Company: NXDT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001356115-25-000021
Chunk: 98

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 1A
Chunk 98
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8, 2019. The fixed rate notes have rates ranging from 2.25% to 7.50% (which were market interest rates at the time of their issuance) while outstanding and mature in 20 years from their date of issuance. As of June 30, 2025, the net carrying amount of the convertible notes due to affiliates of the former NHT Adviser was $51.0 million.

Promissory Notes Due to Affiliates

In connection with the NHT Merger, on April 17, 2025, several promissory notes with affiliates of the Company were issued due to a limitation on common shares issued to affiliates of the issuer by the New York Stock Exchange. The aggregate principal amount of such promissory notes was $0.8 million, each with an interest rate of 7.334% and maturing on April 15, 2027, with two one-year extension options. As of June 30, 2025, the carrying amount of the promissory notes due to affiliates was $0.8 million.

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Obligations, Commitments and Investment Opportunities

The following table summarizes our contractual obligations and commitments as of June 30, 2025 for the next five calendar years subsequent to June 30, 2025.

Payments Due by Period (in thousands)Total20252026202720282029ThereafterProperty Level DebtPrincipal payments$241,877 $54,833 $177,044 $— $— $10,000 $— Interest expense14,013 8,129 3,295 1,000 1,000 589 — Total$255,890 $62,962 $180,339 $1,000 $1,000 $10,589 $— Prime Brokerage BorrowingPrincipal payments$4,410 $— $— $— $— $— $4,410 (1)Interest expense958 106 213 213 213 213 — (1)Total$5,368 $106 $213 $213 $213 $213 $4,410 Series A Preferred SharesDistribution paymentsN/A(2)$— $2,310 $4,620 $4,620 $4,620 N/A(2)Series B Preferred SharesDistribution paymentsN/A(2)$