Company: NREF
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052000
Chunk: 36

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 8
Chunk 36
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 CMBS B-Pieces and CMBS I/O Strips.(5)The master repurchase agreement with Mizuho does not have a stated maturity date. The transactions in place have a one-month to two-month tenor and are expected to roll accordingly.(6)Debt was assumed upon consolidation of this property and recorded at the outstanding principal amount. The loan was extended on November 6, 2024 for one year to November 6, 2025. The loan was further extended one year to November 6, 2026.(7)On October 15, 2025, upon maturity, the OP repaid $37.9 million of its 7.5% OP Notes, which includes accrued interest, and extinguished the 7.50% OP Notes.

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The following table summarizes the Company’s financing arrangements in place as of December 31, 2024 (dollars in thousands):December 31, 2024FacilityCollateralDate issuedOutstandingface amountCarrying valueFinal statedmaturityWeightedaverage interestrate (1)Weightedaverage life(years) (2)Outstandingface amountAmortized costbasisCarrying value(3)Weightedaverage life(years) (2)Master Repurchase AgreementsCMBSMizuho(4)4/15/2020$243,454 $243,454 N/A(5)6.49 %0.0$740,022 $360,427 $350,379 4.7Asset Specific FinancingSingle Family Rental loansFreddie Mac7/12/2019110,097 110,097 7/12/20292.70 %2.8120,618 124,071 124,071 2.8Mezzanine loansFreddie Mac10/20/202059,252 59,253 8/1/20310.30 %5.396,817 98,597 98,597 5.3Multifamily propertiesCBRE12/31/202132,480 31,964 6/1/2028(6)8.06 %3.4N/A56,348 56,348 3.4Argentic10/10/202363,50063,50011/6/2025(7)8.59 %0.8N/A65,48865,4880.8Common stock investmentNexBank