Company: NREF
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001786248-25-000004
Chunk: 38

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 9C
Chunk 38
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$94,446 $83,137 $50,567 $19,812 $228,019 $760,939 December 31, 2023Carrying Value by Year of Origination (1)Risk RatingNumber ofLoansOutstanding Face Amount20232022202120202019PriorTotal Carrying Value1—$— $— $— $— $— $— $— $— 2—— — — — — — — — 346961,756 82,879 69,958 40,981 19,158 759,828 19,947 992,751 4212,120 — 12,129 — — — — 12,129 5—— — — — — — — — 48$973,876 $82,879 $82,087 $40,981 $19,158 $759,828 $19,947 $1,004,880 (1)Represents the date a loan was originated or acquired. The following tables present the geographies and property types of collateral underlying the Company’s loans held-for-investment as a percentage of the loans’ face amounts.GeographyDecember 31, 2024December 31, 2023Massachusetts22.68 %*Texas16.39 %13.87 %Georgia8.68 %30.50 %Maryland8.61 %5.47 %California8.55 %4.92 %Virginia5.15 %*Florida5.15 %18.40 %Minnesota*7.31 %Other (21 and 23 states each at <4%)24.79 %19.53 %100.00 %100.00 %*Included in “Other.”

F-22

Table of Contents

Collateral Property TypeDecember 31, 2024December 31, 2023Life Science34.98 %6.33 %Multifamily34.57 %21.99 %Single Family Rental26.57 %69.93 %Self-Storage2.73 %1.75 %Marina1.15 %— %100.00 %100.00 %

4. CMBS Trusts

As of December