Company: NREF
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001786248-25-000004
Chunk: 295

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 7
Chunk 295
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 the Company used interest rate and spread assumptions that reflect current creditworthiness and market conditions available for the issuance of long-term debt with similar terms and remaining maturities. These financial instruments utilize Level 2 inputs.Amounts borrowed under master repurchase agreements are based on their contractual amounts that reasonably approximate their fair value given the short to moderate term and floating rate nature.

F-37

Table of Contents

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 — 4,343,359 — 4,343,359 CMBS structured pass-through certificates, at fair value34,979 — 34,979 — 34,979 Stock warrant investments27,400 — — 27,400 27,400 Accounts receivable and other assets1,457 1,184 273 — 1,457 Total Assets$5,294,237 $49,445 $4,378,611 $873,145 $5,301,201 LiabilitiesSecured financing agreements, net$235,769 $— $— $250,285 $250,285 Master repurchase agreements243,454 — — 243,454 243,454 Unsecured notes