Company: NREF
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001786248-25-000016
Chunk: 189

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 6
Chunk 189
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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 — 34,979 Stock warrant investments27,400 — — 27,400 27,400 Accounts receivable and other assets1,457 1,184 273 — 1,457 Total Assets$5,294,237 $49,445 $4,378,611 $873,145 $5,301,201 LiabilitiesSecured financing agreements, net$235,769 $— $— $250,285 $250,285 Master repurchase agreements243,454 — — 243,454 243,454 Unsecured notes, net221,001 — 213,457 — 213,457 Mortgages payable, net95,464 — — 92,157 92,157 Accounts payable and other accrued liabilities9,458 9,458 — — 9,458 Accrued interest payable10,020 10,020 — — 10,020 Bonds payable held in variable interest entities, at fair value4,029,214 — 4,029,214 — 4,029,214 Total Liabilities$4,844,380 $19,478 $4,242,671 $585,896 $4,848,045 

32

The significant unobservable inputs used in the fair value measurement of the Company’s investments are the discount rate and terminal capital