Company: NREF
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052000
Chunk: 221

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 6
Chunk 221
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 Preferred OfferingOn November 4, 2025, the Company launched a $200.0 million offering of its 8.00% Series C Cumulative Redeemable Preferred Stock, par value $0.01 per share with a stated value of $25.00 per share.  Palisades Mezzanine Loan Payoff On November 6, 2025, the Company received $12.7 million from Lurin Real Estate Mezz LI, LLC, related to the full payoff of principal, accrued interest and fees under a mezzanine loan.Center Pointe Mezzanine Loan Partial Payoff On October 23, 2025 and November 10, 2025, the Company received $2.5 million CPW Mezz LI, LLC related to a partial payoff of accrued interest under a mezzanine loan, with $3.4 million remaining outstanding.

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

The following is a discussion and analysis of our financial condition and results of operations. The following should be read in conjunction with our financial statements and accompanying notes included herein and with our Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on March 27, 2025. This discussion contains forward-looking statements that involve risks and uncertainties. Our actual results could differ materially from those 

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projected, forecasted, or expected in these forward-looking statements as a result of various factors, including, but not limited to, those discussed below and elsewhere in this quarterly report. See “Cautionary Statement Regarding Forward-Looking Statements” and “Risk Factors” in Part I, Item 1A, “Risk Factors” of our Annual Report on Form 10-K for the year ended December 31, 2024. Our management believes the assumptions underlying the Company's financial statements and accompanying notes are reasonable. However, the Company's financial statements and accompanying notes may not be an indication of our financial condition and results of operations in the future.

Overview

We are a commercial mortgage REIT incorporated in Maryland on June 7, 2019. Our strategy is to originate, structure and invest in first-lien mortgage loans, mezzanine loans, preferred equity, convertible notes, multifamily properties and common equity investments, as well as multifamily and SFR CMBS securitizations, promissory notes, revolving credit facilities and stock warrants, or our target assets. We