Company: NREF
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001786248-25-000004
Chunk: 146

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1B
Chunk 146
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 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 

F-38

Table of Contents

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, 2023 (in thousands): Fair ValueCarryingValueLevel 1Level 2Level 3TotalAssetsCash and cash equivalents$13,824 $13,824 $— $— $13,824 Restricted cash2,825 2,825 — — 2,825 Loans, held-for-investment, net328,460 — — 337,110 337,110 Preferred stock investments, at fair value14,776 — — 14,776 14,776 Common stock investments, at fair value61,529 — — 61,529 61,529 Mortgage loans, held-for-investment, net676,420 — — 663,866 663,866 Accrued interest22,033 22,033 — — 22,033 Mortgage loans held in variable interest entities, at fair value5,677,763 — 5,677,763 — 5,677,763 CMBS structured pass-through certificates, at fair value41,212 — 41,212 — 41,212 MSCR Notes, at fair value10,378 — 10,378 — 10,378 Mortgage backed securities, at fair value38,270 — 38,270 — 38,270 Accounts receivable and other assets4,312 1,560 2,752 — 4,312 Total Assets$6,891,802 $40,242 $5,770,375 $1,077,281 $6