Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 1388

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 1388
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MADE BY AND BETWEEN

NEXPOINT DIVERSIFIED REAL ESTATE TRUST OPERATING PARTNERSHIP, L.P.,

NEXPOINT REAL ESTATE CAPITAL, LLC, and

NEXPOINT REAL ESTATE OPPORTUNITIES, LLC,

300 Crescent Court, Suite 700,

Dallas, Texas 75201,

as Borrower

AND

NEXBANK,
2515 McKinney Avenue, Suite 1100,
Dallas, Texas 75201,

as Lender

Dated as of May 22, 2023

I-1064

TABLE OF CONTENTS</div>

| ARTICLE I    | INCORPORATION OF RECITALS AND EXHIBITS                         |  1 |
| 1.1          | Incorporation of Recitals.                                     |  1 |
| 1.2          | Incorporation of Exhibits.                                     |  1 |
| ARTICLE II   | DEFINITIONS                                                    |  1 |
| 2.1          | Defined Terms.                                                 |  1 |
| 2.2          | Other Definitional Provisions.                                 | 10 |
| ARTICLE III  | BORROWER’S REPRESENTATIONS AND WARRANTIES                      | 11 |
| 3.1          | Representations and Warranties.                                | 11 |
| 3.2          | Intentionally Omitted.                                         | 14 |
| 3.3          | Survival of Representations and Warranties.                    | 14 |
| ARTICLE IV   | LOAN AND LOAN DOCUMENTS                                        | 14 |
| 4.1          | Agreement to Borrow and Lend; Lender’s Obligation to Disburse. | 14 |
| 4.2          | Loan Documents.                                                | 16 |
| 4.3          | Term of the Loan.                                              | 16 |
| 4.4          | Prepayments.                                                   | 17 |
| 4.5          | Required Principal Payments.                                   | 17 |
| 4.6          | Late Charge.                                                   | 18 |
| ARTICLE V    | INTEREST                                                       | 18 |
| 5.1          | Interest Rate.                                                 | 18 |
| 5.2          | Payment Dates.                                                 | 18 |
| 5.3          | Maximum Lawful Rate.                                           | 18 |
| ARTICLE VI   | COSTS OF MAINTAINING LOAN                                      |