Company: NREF
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052000
Chunk: 22

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 8
Chunk 22
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 loans, held-for-investment133,207 134,870 2278.31 %9.41 %4.4Preferred equity, held-for-investment224,423 223,653 1642.43 %11.92 %2.3Promissory notes, held-for-investment4,000 3,992 2100.00 %14.69 %0.5Revolving credit facility, held-for-investment148,600 135,029 1100.00 %13.50 %3.0$771,131 $760,939 5161.31 %11.15 %2.8(1)Carrying value includes the outstanding face amount plus unamortized purchase premiums/discounts and any allowance for loan losses.(2)The weighted-average of loans paying a fixed rate is weighted on current principal balance.(3)The weighted-average coupon is weighted on outstanding face amount.(4)The weighted-average life is weighted on outstanding face amount and assumes no prepayments. The maturity date for preferred equity investments represents the maturity date of the senior mortgage, as the preferred equity investments require repayment upon the sale or refinancing of the asset.For the nine months ended September 30, 2025 and 2024, the loans held for investment, net and preferred equity portfolio activity was as follows (in thousands):

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For the Nine Months Ended September 30,20252024Balances, December 31,$760,939 $1,004,880 Originations75,476 250,088 Proceeds from principal repayments(117,922)(551,570)PIK distribution reinvested in Preferred Units9,376 11,033 Amortization of loan premium, net (1)2,542 (21,319)(Provision for) reversal of credit losses(24,589)720 Balance at September 30, $705,822 $693,832 (1)Includes net amortization of loan purchase premiums.As of September 30, 2025 and December 31, 2024, there were $6.5 million and $8.8 million of unamortized premiums on loans, held-for-investment, net, respectively, on the Consolidated Balance Sheets.As discussed in Note 2, the Company evaluates loans classified as held-for-investment on a loan-by-loan basis every quarter. In conjunction with the review