Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 1698

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 1698
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 (the “PC & B Loan”) with AREEIF Lender, LLC and matures on February 5, 2025. The outstanding balance on the PC & B Loan at September 30, 2024 was $37.6 million, with $2.2 million available to draw on for renovation purposes as of September 30, 2024.

The PC & B Loan and the Note A Loan and Note B Loan contain customary representations, warranties, and events of default, which require NHT to comply with affirmative and negative covenants. As of September 30, 2024, NHT is in compliance with all debt covenants.

The NHT OP also entered into several convertible notes with affiliates of the NHT Adviser since January 8, 2019. The fixed rate notes have rates ranging from 1.82% to 7.50% (which were market interest rates at the time of their issuance) while outstanding and mature in 20 years from their date of issuance. As of September 30, 2024, the net carrying amount of the convertible notes due to affiliates of the NHT Adviser was $50.2 million.

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I-1343</div>

Obligations, Commitments and Investment Opportunities

The following table summarizes our contractual obligations and commitments as of September 30, 2024 for the next five calendar years subsequent to September 30, 2024.

| Property Level Debt                           |     | Payments Due by Period (in thousands) 
 Total                                 |         |    |     | 2024 |        |     | 2025 |         |     | 2026 |       |     | 2027 |        |     | 2028 |       |     | Thereafter |        |    |
|:----------------------------------------------|:----|:--------------------------------------|--------:|---:|:----|:-----|-------:|:----|:-----|--------:|:----|:-----|------:|:----|:-----|-------:|:----|:-----|------:|:----|:-----------|-------:|---:|
| Principal payments                            |     | $                                     | 275,742 |    |     | $    |      — |     | $    | 265,742 |     | $    |     — |     | $    |      — |     | $    |     — |     | $