Company: NREF
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001786248-25-000004
Chunk: 486

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 9A
Chunk 486
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0.30%7/1/20317.12%MezzanineFixed7.42%7/1/2031Fixed0.30%7/1/20317.12%MezzanineFixed7.42%7/1/2031Fixed0.30%7/1/20317.12%MezzanineFixed7.74%10/1/2028Fixed0.30%10/1/20287.44%MezzanineFixed7.71%3/1/2029Fixed0.30%3/1/20297.41%MezzanineFixed6.91%7/1/2029Fixed0.30%7/1/20296.61%MezzanineFixed7.89%11/1/2028Fixed0.30%11/1/20287.59%MezzanineFixed7.89%11/1/2028Fixed0.30%11/1/20287.59%

Our primary sources of liquidity and capital resources to date consist of cash generated from our operating results and the following:

Freddie Mac Credit Facilities

Prior to the Formation Transaction, two of our subsidiaries entered into a loan and security agreement, dated July 12, 2019, with Freddie Mac (the “Credit Facility”). Under the Credit Facility, these entities borrowed approximately $788.8 million in connection with their acquisition of senior pooled mortgage loans backed by SFR properties (the “Underlying Loans”). No additional borrowings can be made under the Credit Facility, and our obligations will be secured by the Underlying Loans. The Credit Facility was assumed by the Company as part of the Formation Transaction. As such, the remaining outstanding balance of $788.8 million was contributed to the Company on February 11, 2020. Our borrowings under the Credit Facility will mature on July 12, 2029; however, if an Underlying Loan matures prior to July 12, 2029, we will be required to repay the portion of the Credit Facility that is allocated to that loan. As of December 31, 2024, the outstanding balance on the Credit Facility was $110.1 million. 

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Table of Contents

Repurchase Agreements

From time to time, we may enter into repurchase agreements to finance the acquisition of our target assets. Repurchase agreements will effectively allow us to borrow against loans and securities that we own in an amount equal to (1) the