Company: NREF
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001786248-25-000010
Chunk: 127

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 1A
Chunk 127
---
 for our multifamily properties (in thousands):For the Three Months Ended March 31,20252024RevenuesRental income$2,378 $2,087 Other income31 124 Total revenues2,409 2,211 ExpensesInterest expense1,820 2,088 Real estate taxes and insurance389 452 Property operating expenses567 176 Property general and administrative expenses124 173 Property management fees70 62 Depreciation and amortization1,079 2,318 Rate cap (income) expense(10)169 Casualty (gain) loss— (1)Total expenses4,039 5,437 Net income (loss) from consolidated real estate owned$(1,630)$(3,226)

23

9. Debt

The following table summarizes the Company’s financing arrangements in place as of March 31, 2025 (dollars in thousands):March 31, 2025FacilityCollateralDate issuedOutstandingface amountCarryingvalueFinal statedmaturityWeightedaverageinterestrate (1)Weightedaveragelife (years)(2)Outstandingface amountAmortized cost basisCarryingvalue (3)Weightedaveragelife (years)(2)Master Repurchase AgreementsCMBSMizuho(4)4/15/2020$258,598 $258,598 N/A(5)6.08 %0.0$737,391 $351,142 $343,101 4.6Asset Specific FinancingSingle Family Rental loansFreddie Mac7/12/2019109,675 109,675 7/12/20292.70 %2.5120,154 122,747 122,747 2.5Mezzanine loansFreddie Mac10/20/202059,252 59,252 8/1/20310.30 %5.096,817 98,543 98,543 5.0Multifamily propertiesCBRE12/31/202132,480 31,890 6/1/2028(6)8.06 %3.2N/A55,907 55,907 3.2Argentic10/10/202363,500 63,500 11/6/2025(7)8.59 %0.6N/A64,987