Company: NREF
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052000
Chunk: 21

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 8
Chunk 21
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 disclosures on tax position/carryforwards. The Company is currently evaluating the impact of adopting the amendments on its disclosures.Reclassification of Prior Year Activity on the Consolidated Statement of Cash Flows

Certain reclassifications have been made within the consolidated statements of cash flows to the purchases of preferred stock and warrant investments for the nine months ended September 30, 2024. 

3. Loans Held for Investment, Net

The Company’s investments in mortgage loans, mezzanine loans, preferred equity, promissory notes and revolving credit facilities are accounted for as loans held for investment. The mortgage loans are presented as “Mortgage loans, held-for-investment, net” and the mezzanine loans, preferred equity, promissory notes and revolving credit facilities are 

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presented as “Loans, held-for-investment, net” on the Consolidated Balance Sheets. The following tables summarize our loans held-for-investment as of September 30, 2025 and December 31, 2024, respectively (dollars in thousands):Weighted AverageLoan TypeOutstandingFace Amount Carrying Value (1)Loan CountFixed Rate (2)Coupon (3)Life (years) (4)September 30, 2025 Mortgage loans, held-for-investment$119,243 $122,176 9100.00 %5.32 %2.0Mezzanine loans, held-for-investment230,490 222,494 2243.25 %10.23 %2.7Preferred equity, held-for-investment224,468 207,932 1846.13 %10.32 %2.2Promissory notes, held-for-investment15,500 15,494 2100.00 %13.65 %0.8Revolving credit facility, held-for-investment148,600 137,726 1100.00 %13.50 %2.3$738,301 $705,822 5265.90 %10.20 %2.3Loan TypeOutstanding Face AmountCarrying Value (1)Loan CountWeighted AverageFixed Rate (2)Coupon (3)Life (years) (4)December 31, 2024Mortgage loans, held-for-investment$260,901 $263,395 1046.23 %9.99 %2.4Mezzanine