Company: NREF
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001786248-25-000010
Chunk: 179

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 6
Chunk 179
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 34,979 Stock warrant investments27,400 — — 27,400 27,400 Accounts receivable and other assets1,457 1,184 273 — 1,457 Total Assets$5,294,237 $49,445 $4,378,611 $873,145 $5,301,201 LiabilitiesSecured financing agreements, net$235,769 $— $— $250,285 $250,285 Master repurchase agreements243,454 — — 243,454 243,454 Unsecured notes, net221,001 — 213,457 — 213,457 Mortgages payable, net95,464 — — 92,157 92,157 Accounts payable and other accrued liabilities9,458 9,458 — — 9,458 Accrued interest payable10,020 10,020 — — 10,020 Bonds payable held in variable interest entities, at fair value4,029,214 — 4,029,214 — 4,029,214 Total Liabilities$4,844,380 $19,478 $4,242,671 $585,896 $4,848,045 

31

The significant unobservable inputs used in the fair value measurement of the Company’s investments are the discount rate and terminal capitalization rate. Significant increases (decreases) in any of those inputs in isolation could result in a significantly lower (higher) fair value measurement. The following is a summary of significant unobservable inputs used in the fair valuation of the Company's Level 3 assets carried at fair value on the Consolidated Balance Sheets as of March 31, 2025 (in thousands):CarryingValueValuation TechniqueUnobservable InputsRangeWeighted Average (1)NexPoint Storage Partners$29,289 Discounted cash flowTerminal cap rate4.88% - 5.38%5.13 %Discount rate7.00% - 9.00%8.00 %IQHQ Series D18,949 Cost approachPrice per share$1,000.00 100.00 %IQHQ Series E55,013 Cost approachPrice per share$1,000.00 100.00 %Private REIT26,686 Market approachNAV per share multiple