Company: NREF
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001786248-25-000016
Chunk: 184

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 6
Chunk 184
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 Group and the OP. The guarantors are subject to minimum net worth and liquidity covenants. The Credit Facility continues to be guaranteed by members of the Contribution Group and the OP as of June 30, 2025. The Credit Facility was assumed by the Company as part of the Formation Transaction at carrying value which approximated fair value. 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 or is paid off prior to July 12, 2029, the Company will be required to repay the portion of the Credit Facility that is allocated to that loan. As of June 30, 2025, the outstanding balance on the Credit Facility was $109.3 million.We, through the Subsidiary OPs, have borrowed approximately $260.9 million under our repurchase agreements and posted $745.8 million par value of our CMBS B-Piece and CMBS I/O Strip investments as collateral as of June 30, 2025. The CMBS B-Pieces and CMBS I/O Strips held as collateral are illiquid and irreplaceable in nature. These assets are restricted solely to satisfy the interest and principal balances owed to the lender.The Company has issued an aggregate principal amount of $180.0 million of its 5.75% Senior Unsecured Notes ("5.75% Notes"). As of June 30, 2025 the principal outstanding senior loans and mezzanine loans consisted of the following (dollars in thousands):

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InvestmentInvestment DateOutstanding Principal Balance (1)LocationProperty TypeInterest TypeInterest RateMaturity DateSenior LoansSenior loan2/11/2020$28,564 VariousSingle-familyFixed2.14 %10/1/2025Senior loan2/11/202032,868 VariousSingle-familyFixed2.70 %11/1/2028Senior loan2/11/20209,284 VariousSingle-familyFixed2.45 %3/1/2026Senior loan2/11/20206,907 VariousSingle-familyFixed3.51 %2/1/2028Senior loan2/11/20208,606 VariousSingle-familyFixed3.30 %10/1/2028Senior loan2/11/20207,678