Company: NREF
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052000
Chunk: 225

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 6
Chunk 225
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Storage8/1/20253,297,500 100.0 %10.55 %10.55 %8/1/2026FloatingPreferred EquityMarina8/1/20254,480,000 100.0 %13.00 %13.00 %8/15/2035FixedMezzanineMultifamily8/8/2025376,794 99.0 %15.30 %15.46 %1/9/2026FloatingPromissory NoteMultifamily9/30/20253,000,000 100.0 %8.00 %8.00 %9/30/2026Fixed$73,008,612 

51

(1)Current yield and coupon as of September 30, 2025.

Redemptions and Sales

The following investments were redeemed or sold during the three months ended September 30, 2025:

InvestmentProperty TypeInvestment DateDisposition DateAmortized Cost BasisRedemption/Sales ProceedsPrepayment PenaltiesNet Gain (Loss) on RepaymentPreferred EquityLife Science4/6/20237/11/2025$702,604 $702,604 $— $— Real EstateMultifamily12/31/20217/22/202529,865,383 29,865,383 — — Preferred EquityLife Science10/19/20229/26/2025441,743 441,743 — — Preferred EquityMultifamily10/5/20229/29/20252,539,672 2,539,672 — — Common EquityMultifamily5/8/20249/29/2025391,500 391,500 — — Senior LoanLife Science1/26/20249/30/202562,450,000 62,450,000 — — $96,390,902 $96,390,902 $— $— 

Components of Our Revenues and Expenses

Net Interest Income 

Interest income. Our earnings are primarily attributable to the interest income from mortgage loans, mezzanine loan and preferred equity investments. Loan premium/discount amortization and prepayment penalties are also included as components of interest income.

Interest expense. Interest expense represents interest accrued on our various financing obligations used to fund our investments and is shown as a