Company: NREF
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001786248-25-000016
Chunk: 188

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 6
Chunk 188
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ortgage loans, held-for-investment, net279,587 — — 279,604 279,604 Accrued interest49,360 49,360 — — 49,360 Mortgage loans held in variable interest entities, at fair value4,186,717 — 4,175,175 11,542 4,186,717 CMBS structured pass-through certificates, at fair value44,122 — 44,122 — 44,122 Stock warrant investments65,634 — — 65,634 65,634 Accounts receivable and other assets2,480 2,480 — — 2,480 Total Assets$5,281,619 $65,578 $4,219,297 $1,025,751 $5,310,626 LiabilitiesSecured financing agreements, net$233,908 $— $— $252,480 $252,480 Master repurchase agreements260,947 — — 260,947 260,947 Unsecured notes, net221,802 — 212,203 — 212,203 Mortgages payable, net63,500 — — 59,792 59,792 Mortgages payable held for sale, net31,824 — — 32,586 32,586 Accounts payable and other accrued liabilities12,376 12,376 — — 12,376 Accrued interest payable11,507 11,507 — — 11,507 Bonds payable held in variable interest entities, at fair value3,883,947 — 3,883,947 — 3,883,947 Total Liabilities$4,719,811 $23,883 $4,096,150 $605,805 $4,725,838 

31

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,