Company: NREF
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001786248-25-000010
Chunk: 178

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 6
Chunk 178
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5,285,724 LiabilitiesSecured financing agreements, net$252,690 $— $— $269,984 $269,984 Master repurchase agreements258,598 — — 258,598 258,598 Unsecured notes, net221,395 — 216,291 — 216,291 Mortgages payable, net95,390 — — 92,720 92,720 Accounts payable and other accrued liabilities8,725 8,725 — — 8,725 Accrued interest payable13,036 13,036 — — 13,036 Bonds payable held in variable interest entities, at fair value3,928,411 — 3,928,411 — 3,928,411 Total Liabilities$4,778,245 $21,761 $4,144,702 $621,303 $4,787,766 

30

The carrying values and fair values of the Company’s financial assets and liabilities recorded at fair value on a recurring basis, as well as other financial instruments not carried at fair value as of December 31, 2024 (in thousands): Fair ValueCarryingValueLevel 1Level 2Level 3TotalAssetsCash and cash equivalents$3,877 $3,877 $— $— $3,877 Restricted cash3,176 3,176 — — 3,176 Loans, held-for-investment, net497,544 — — 505,866 505,866 Preferred stock investments, at fair value18,949 — — 18,949 18,949 Common stock investments, at fair value57,389 — — 57,389 57,389 Equity method investments1,504 — — 1,504 1,504 Mortgage loans, held-for-investment, net263,395 — — 262,037 262,037 Accrued interest41,208 41,208 — — 41,208 Mortgage loans held in variable interest entities, at fair value4,343,359 — 4,343,359 — 4,343,359 CMBS structured pass-through certificates, at fair value34,979 — 34,979 —