Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 2276

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 2276
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 obligations as they become due. Due to the short term nature of the debt, the fair value of the debt is approximately the outstanding balance. The below table contains summary information related to the mortgages payable (dollars in thousands):

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I-1821</div>

| Note A-1                      |     | Outstanding principal as of 
 March 31, 2024              | 100,695 |   |     | Interest Rate |  7.68 | % |     | Maturity Date 
 3/7/2025      |
|:------------------------------|:----|:----------------------------|--------:|:--|:----|:--------------|------:|:--|:----|:--------------|
| Note A-2                      |     |                             |  22,027 |   |     |               | 11.68 | % |     | 3/7/2025      |
| Note B-1                      |     |                             |  12,676 |   |     |               |  7.68 | % |     | 3/7/2025      |
| Note B-2                      |     |                             |   3,147 |   |     |               | 11.68 | % |     | 3/7/2025      |
| Mezzanine Note 1              |     |                             |   2,773 |   |     |               | 11.68 | % |     | 3/7/2025      |
| Mezzanine Note 2              |     |                             |     396 |   |     |               | 11.68 | % |     | 3/7/2025      |
| Mortgages payable             |     |                             | 141,714 |   |     |               |       |   |     |               |
| Deferred financing costs, net |     |                             |    (335 | ) |     |               |       |   |     |               |
| Mortgages payable, net        |     | $                           | 141,379 |   |     |               |       |   |     |               |

The weighted average interest rate of the Company’s debt related to its Cityplace investment was 8.48% as of March 31, 2024 and 8.53% as of December 31, 2023. The one-month SOFR was 5.33% as of March 31