Company: NREF
Filing Date: 2025-03-14
Form Type: 424B5
Source: 0001437749-25-007770
Chunk: 0

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-03-14
Form: 424B5
Chunk 0
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Filed Pursuant to Rule 424(b)(5)
Registration No. 333-276177

PROSPECTUS SUPPLEMENT

(To Prospectus dated December 29, 2023)

<div align='center'>$87,424,507

NexPoint Real Estate Finance, Inc.

Common Stock

and/or

8.50% Series A Cumulative Redeemable

Preferred Stock

Liquidation Preference $25.00 Per Share</div>

On March 15, 2022, we filed with the Securities and Exchange Commission (the “SEC”) a prospectus supplement relating to the issuance and sale, from time to time, of our common stock, par value $0.01 per share and our 8.50% Series A Cumulative Redeemable Preferred Stock (our “Series A Preferred Stock”), pursuant to an “at the market” equity offering program having an aggregate sales price of up to $100,000,000 (the “ATM Program”) through our sales agents, Raymond James & Associates, Inc., Keefe, Bruyette & Woods, Inc., Robert W. Baird & Co. Incorporated, and Virtu Americas LLC (each a “sales agent” and, collectively, the “sales agents”). These sales were and will be made pursuant to the terms of separate equity distribution agreements, dated March 15, 2022, among us, NexPoint Real Estate Finance Operating Partnership, L.P. (the “OP”), NexPoint Real Estate Advisors VII, L.P. (the “Manager”), and each sales agent. The sales of our common stock and Series A Preferred Stock were registered pursuant to our registration statement on Form S-3 (Registration No. 333-263300) (the “2022 Registration Statement”), which was declared effective on March 14, 2022. In accordance with SEC rules, the 2022 Registration Statement expired on March 14, 2025, the three-year anniversary of the date on which it was declared effective. On December 20, 2023, the Company filed a new registration statement on Form S-3 (Registration Statement No. 333-276177), which was declared effective on December 29, 2023 (the “2023 Registration Statement”).

As of the date hereof, the Company has sold 531,728 shares of common stock having an aggregate purchase price of $12.6 million and zero shares of Series A Preferred Stock pursuant to the 2022 Registration Statement. Accordingly, shares