Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 1620

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 1620
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 |   3,120 |   |     |               | 11.48 | % |     | 3/7/2025      |
| Mezzanine Note 1              |     |                             |   2,750 |   |     |               | 11.48 | % |     | 3/7/2025      |
| Mezzanine Note 2              |     |                             |     393 |   |     |               | 11.48 | % |     | 3/7/2025      |
| Mortgages payable             |     |                             | 140,531 |   |     |               |       |   |     |               |
| Deferred financing costs, net |     |                             |    (152 | ) |     |               |       |   |     |               |
| Mortgages payable, net        |     | $                           | 140,379 |   |     |               |       |   |     |               |

The weighted average interest rate of the Company’s debt related to its Cityplace investment was 8.28% as of September 30, 2024 and 8.53% as of December 31, 2023. The one-month SOFR was 5.12% as of September 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 September 30, 2024, the Company believes it is in compliance with all such covenants.

<div align='center'>16

I-1290</div>

White Rock Center Debt

On August 2, 2024, the Company, through Freedom LHV, LLC (“Freedom LHV”), an indirect subsidiary of the Company, borrowed approximately $10.0 million from The Ohio State Life Insurance Company. Due to the recently transacted nature of the note, the fair value of the note is approximately the outstanding balance. The note bears interest at an annual fixed rate of 10.0% and matures on August 2, 2029. The debt is secured by certain real property held by Freedom LHV and is guaranteed by the Company.