Company: NXDT
Filing Date: 2025-06-12
Form Type: S-4
Source: 0001437749-25-020201
Chunk: 33

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-06-12
Form: S-4
Chunk 33
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 3/8/2026 |
| Note B-1          |     |                 |  21,660 |     |          | 10.69 | % |     | 3/8/2026 |
| Note B-2          |     |                 |   2,727 |     |          | 10.69 | % |     | 3/8/2026 |
| Mezzanine Note 1  |     |                 |   3,094 |     |          | 10.69 | % |     | 3/8/2026 |
| Mezzanine Note 2  |     |                 |     390 |     |          | 10.69 | % |     | 3/8/2026 |
| Mortgages payable |     |                 | 139,351 |     |          |       |   |     |          |

The weighted average interest rate of Old NXDT’s debt related to its Cityplace investment was 7.49% as of March 31, 2025 and 7.65% as of December 31, 2024. The one-month SOFR was 4.33% as of March 31, 2025 and 4.33% as of December 31, 2024.

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.

<div align='center'>19</div>

Cityplace Tower is subject to an ongoing renovation which will convert a portion of the property into a hotel. Former office floors will be converted to a 221-key full-service hotel to attract both business and leisure travelers and approximately 500 units of a mix of affordable and luxury multifamily residences. Residents will have access to some of the best views in Dallas, sprawling floor plans and a full-service hotel. The hotel’s main lobby level will contain a 7-level atrium with a lobby lounge, reception area, bars, and a full-service upmarket restaurant. The southside of the main lobby level will contain a multi-function pool, pool deck and outdoor bar. Existing event space will be upgraded with new furniture, fixtures and equipment, including updating of food and beverage catering spaces. Old NXDT estimates an additional $190