Company: NREF
Filing Date: 2025-11-04
Form Type: 424B5
Source: 0001437749-25-033056
Chunk: 30

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-11-04
Form: 424B5
Chunk 30
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IT may not exceed 25% of the value of its gross assets. You are urged to consult with your tax advisors with respect to the OBBBA and its potential effect on an investment in our Series C Preferred Stock.

The dealer manager’s relationship with us and the payment to it of substantial commissions and fees in connection with this offering may cause a conflict of interest and may hinder the dealer manager’s performance of its due diligence obligations.

In connection with this offering, we will enter into a dealer manager agreement with NexPoint Securities, a registered broker-dealer and an affiliate of the Manager, which will receive selling commissions and a dealer manager fee, all or a portion of which it may re-allow to participating broker-dealers and referring broker-dealers. As dealer manager, NexPoint Securities has certain obligations under federal securities laws to undertake a due diligence investigation with respect to the parties involved in this offering. NexPoint Securities’ affiliation with the Manager and us may cause a conflict of interest for NexPoint Securities in carrying out its due diligence obligations. Thus, you will not have the benefit of an independent review and investigation of the type normally performed by an unaffiliated, independent underwriter in connection with a securities offering. The absence of an independent due diligence review and investigation by NexPoint Securities may increase the risk and uncertainty you face as a potential investor in the Series C Preferred Stock. In addition, the payment of substantial commissions and fees to the dealer manager, which is an affiliate of our Manager, may increase the risk that you will not earn a profit on your investment.

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The success of this offering is dependent, in part, on the ability of our dealer manager to retain key employees and to successfully build and maintain a network of licensed participating broker-dealers.

The dealer manager for this offering is NexPoint Securities, Inc., an affiliate of our Manager. The success of this offering and our ability to implement our business strategy is dependent upon the ability of our dealer manager to retain key employees and to build and maintain a network of licensed securities broker-dealers and other agents to sell our Series C Preferred Stock to their clients. If our dealer manager is unable to retain qualified employees or build and maintain a sufficient network of participating broker-dealers to distribute Series C Preferred Stock in this offering, our ability to raise proceeds through this offering will be limited and our investment strategy may be adversely affected. In addition, our dealer manager currently serves and may serve as dealer manager for other affiliates of our Sponsor and may serve as dealer