Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 1754

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 1754
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----|:--------------|
| Note A-2                      |     |                             |  21,935 |   |     |               | 11.69 | % |     | 3/7/2025      |
| Note B-1                      |     |                             |  12,623 |   |     |               |  7.69 | % |     | 3/7/2025      |
| Note B-2                      |     |                             |   3,134 |   |     |               | 11.69 | % |     | 3/7/2025      |
| Mezzanine Note 1              |     |                             |   2,761 |   |     |               | 11.69 | % |     | 3/7/2025      |
| Mezzanine Note 2              |     |                             |     394 |   |     |               | 11.69 | % |     | 3/7/2025      |
| Mortgages payable             |     |                             | 141,122 |   |     |               |       |   |     |               |
| Deferred financing costs, net |     |                             |    (244 | ) |     |               |       |   |     |               |
| Mortgages payable, net        |     | $                           | 140,878 |   |     |               |       |   |     |               |

The weighted average interest rate of the Company’s debt related to its Cityplace investment was 8.49% as of June 30, 2024 and 8.53% as of December 31, 2023. The one-month SOFR was 5.33% as of June 30, 2024 and 5.35% as of December 31, 2023.

The Loan Agreement contains customary events of default, including defaults in the payment of principal or interest, defaults in compliance with the covenants contained in the documents evidencing the loan, defaults in payments under any other security instrument covering any part of the property, whether junior or senior to the loan, and bankruptcy or other insolvency events. As of June 30, 2024, the Company believes it is in compliance with all such covenants.

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I-1382</div>

Notes Payable, NXDT Segment

On August 9, 2022, the Company borrowed approximately