Company: NREF
Filing Date: 2025-03-14
Form Type: 424B5
Source: 0001437749-25-007771
Chunk: 0

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-03-14
Form: 424B5
Chunk 0
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Filed Pursuant to Rule 424(b)(5)
Registration No. 333-276177

PROSPECTUS SUPPLEMENT

(To Prospectus dated December 29, 2023)

<div align='center'>NexPoint Real Estate Finance, Inc.

9.00% Series B Cumulative Redeemable Preferred Stock

(Liquidation Preference $25.00 per share of Series B Cumulative Redeemable Preferred Stock)

Maximum of 7,881,334 Shares</div>

On November 2, 2023, we filed with the Securities and Exchange Commission (the “SEC”) a prospectus supplement relating to the issuance and sale of a maximum of 16,000,000 shares of our 9.00% Series B Cumulative Redeemable Preferred Stock, par value $0.01 per share (our “Series B Preferred Stock”), at a public offering price of $25.00 per share. The sale of our Series B Preferred Stock was registered pursuant to our registration statement on Form S-3 (Registration Statement No. 333-263300) (the “2022 Registration Statement”), which was declared effective on March 14, 2022. In accordance with SEC rules, the 2022 Registration Statement expired on March 14, 2025, the three-year anniversary of the date on which it was declared effective. On December 20, 2023, the Company filed a new registration statement on Form S-3 (Registration Statement No. 333-276177), which was declared effective on December 29, 2023 (the “2023 Registration Statement”).

As of the date hereof, the Company has sold 8,118,666 shares of Series B Preferred Stock pursuant to the 2022 Registration Statement. Accordingly, a maximum of 7,881,334 shares of Series B Preferred Stock may be issued and sold pursuant to the 2023 Registration Statement. From and after the date hereof, our Series B Preferred Stock will be offered, issued and sold pursuant to the 2023 Registration Statement. No further sales will be made under the 2022 Registration Statement.

To the extent a participating broker-dealer in this offering reduces its selling commissions below 7.0%, the public offering price per share of Series B Preferred Stock will be decreased by an amount equal to such reduction. The Series B Preferred Stock will rank senior to our common stock and pari passu with our 8.50% Series A Cumulative Redeemable Preferred Stock