Company: NREF
Filing Date: 2025-11-04
Form Type: 424B5
Source: 0001437749-25-033056
Chunk: 2

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-11-04
Form: 424B5
Chunk 2
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. Our dealer manager will repay to us any excess payments made to our dealer manager over FINRA’s 10.0% cap if this offering is abruptly terminated before reaching the maximum amount of offering proceeds. The dealer manager may in consultation with the Company waive or reduce the dealer manager fee for shares of Series C Preferred Stock sold in our “friends and family” program. The dealer manager may also waive or reduce the dealer manager fee with respect to sales of Series C Preferred Stock in its sole discretion. See “Plan of Distribution.” |
| (4) | Our dealer manager will reallow all or any portion of the selling commissions to the participating broker-dealer who sold the shares of Series C Preferred Stock. In addition, our dealer manager may also reallow a portion of the dealer manager fee to participating broker-dealers as a non-accountable marketing allowance. The amount of the reallowance of selling commissions to any participating broker-dealer will be determined pursuant to the participating broker-dealer agreement. The amount of reallowance of the dealer manager fee will be determined by the dealer manager in its sole discretion.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| (5) | To the extent a participating broker-dealer reduces its selling commissions below 7.0%, the offering price per share of Series C Preferred Stock will be decreased by an amount equal to such reduction. No selling commissions will apply for shares of Series C Preferred Stock sold in our “friends and family” program. In the event that an investor purchases shares of Series C Preferred Stock net of selling commissions and/or the dealer manager fee is waived or reduced, the net proceeds to us from this offering will not be affected. See “Plan of Distribution.”                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |

The dealer manager for this offering is NexPoint Securities, Inc. (“NexPoint Securities”), an affiliate of our Manager. The dealer manager is not required to sell any specific number or dollar amount of shares of Series C Preferred Stock, but will use its “reasonable best efforts” to sell the shares of Series C Preferred Stock offered. The minimum permitted purchase is generally $5,000, but purchases of less than $5,000 may be made in the sole discretion of the dealer manager. This offering will terminate on the earlier of the date we sell all 8,000,000 shares of Series C Preferred Stock and December 29, 2026 (which is the third anniversary of the effective date of the registration statement of which this prospectus supplement and accompanying prospectus form