Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 203

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 203
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NXDT has debt on the Cityplace Tower pursuant to a Loan Agreement, originally dated August 15, 2018 and subsequently amended (the “Loan Agreement”). The debt is limited recourse to NXDT and encumbers the property. The debt had an original maturity of September 8, 2022, and NXDT deferred the maturity date with the lender to May 8, 2023, with the possibility to extend for an additional four months to September 8, 2023 provided certain metrics were met. On May 8, 2023, the lender agreed to defer the maturity of the Cityplace debt by four months to September 8, 2023. Also on May 8, 2023, the parties to the Loan Agreement agreed to convert the index upon which the interest rate is based to the one-month secured overnight financing rate ("SOFR") effective as of the first interest period beginning on or after May 8, 2023. On September 8, 2023, the lender agreed to defer the maturity of the Cityplace debt by six months to March 8, 2024. On March 8, 2024, the lender agreed to defer the maturity of the Cityplace debt by twelve months to March 7, 2025. The below table contains summary information related to the mortgages payable (dollars in thousands):

| Note A-1                      |     | Outstanding        
 principal as of    
 September 30, 2024 |  99,855 |   |     | Interest 
 Rate     |  7.48 | % |     | Maturity 
 Date     
 3/7/2025 |
|:------------------------------|:----|:-------------------|--------:|:--|:----|:---------|------:|:--|:----|:---------|
| Note A-2                      |     |                    |  21,843 |   |     |          | 11.48 | % |     | 3/7/2025 |
| Note B-1                      |     |                    |  12,570 |   |     |          |  7.48 | % |     | 3/7/2025 |
| Note B-2                      |     |                    |   3,120 |   |     |          | 11.48 | % |     | 3/7/2025 |
| Mezzanine Note 1              |