Company: NREF
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001786248-25-000016
Chunk: 186

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 6
Chunk 186
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/2029Mezzanine loan10/20/20201,836 Vancouver, WAMultifamilyFixed0.30 %8/1/2031Mezzanine loan10/20/20201,763 Tyler, TXMultifamilyFixed0.30 %11/1/2028Mezzanine loan10/20/2020918 Atlanta, GAMultifamilyFixed0.30 %8/1/2031Mezzanine loan10/20/2020728 Des Moines, IAMultifamilyFixed0.30 %3/1/2029Total$57,945 0.30 %

29

(1)Outstanding principal balance represents the total repurchase agreement balance outstanding as of June 30, 2025.For the six months ended June 30, 2025 and 2024, the activity related to the carrying value of the master repurchase agreements, secured financing agreements and unsecured financing were as follows (in thousands):For the Six Months Ended June 30,20252024Balances as of January 1,$795,688 $1,268,212 Principal borrowings73,358 194,104 Principal repayments(57,923)(605,941)Principal repayments on mortgages payable(164)(116)Loss on extinguishment of debt172 184 Accretion of discounts826 739 Amortization of deferred financing costs24 24 Balances as of June 30,$811,981 $857,206 Schedule of Debt MaturitiesThe aggregate scheduled maturities, including amortizing principal payments, of total debt for the next five calendar years subsequent to June 30, 2025 are as follows (in thousands):YearRecourseNon-recourseTotal2025(1)$158,351 $289,512 $447,863 2026190,000 9,284 199,284 20276,500 — 6,500 202832,480 64,603 97,083 2029— 35,762 35,762 Thereafter— 29,070 29,070 $387,331 $428,231 $815,562 (1)The transactions in place in the master repurchase agreement with Mizuho have a one-month to two-month tenor and are expected to roll accordingly.

10. Fair Value of Financial Instruments

Derivative