Company: NREF
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001786248-25-000010
Chunk: 116

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 1A
Chunk 116
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273,452 1044.27 %10.16 %2.15Mezzanine loans, held-for-investment133,207 134,827 2278.31 %9.40 %4.11Preferred equity, held-for-investment219,500 215,779 1743.62 %11.13 %2.11Promissory notes, held-for-investment3,500 3,487 1100.00 %15.00 %0.28Revolving credit facility, held-for-investment148,600 135,849 1100.00 %13.50 %2.75$776,224 $763,394 5160.85 %10.96 %2.58Loan TypeOutstanding Face AmountCarrying Value (1)Loan CountWeighted AverageFixed Rate (2)Coupon (3)Life (years) (4)December 31, 2024Mortgage loans, held-for-investment$260,901 $263,395 1046.23 %9.99 %2.41Mezzanine loans, held-for-investment133,207 134,870 2278.31 %9.41 %4.35Preferred equity, held-for-investment224,423 223,653 1642.43 %11.92 %2.27Promissory notes, held-for-investment4,000 3,992 2100.00 %14.69 %0.49Revolving credit facility, held-for-investment148,600 135,029 1100.00 %13.50 %3.00$771,131 $760,939 5161.31 %11.15 %2.81(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 three months ended March 31, 2025 and 2024, the loans