Company: NREF
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001786248-25-000016
Chunk: 283

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 2
Chunk 283
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9, 2025 to May 16, 2025, and extended further to July 30, 2025. The Company intends to extend the maturity to facilitate the sale of the property.

(9)The Company, through the Subsidiary OPs, invested $1.1 million in the year ended December 31, 2024 in this preferred equity investment.

(10)Real Estate is a 204-unit multifamily property. As of June 30, 2025, the property was 93.1% occupied, with effective rent per occupied unit of $1,802 per month.

(11)Real Estate is a 280-unit multifamily property. As of June 30, 2025, the property was 100.0% occupied with effective rent per occupied unit of $1,609 per month.

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The following table details overall statistics for our portfolio as of June 30, 2025 (dollars in thousands):

TotalPortfolioFloating RateInvestmentsFixed RateInvestmentsCommon EquityInvestmentsReal Estate InvestmentsStock WarrantsNumber of investments862056721Principal balance (1)$1,149,292$432,454$716,837N/AN/AN/ACarrying value$1,525,479$426,274$860,455$52,355 $120,761 $65,634 Weighted-average cash coupon7.08 %10.12 %5.24 %N/AN/AN/AWeighted-average all-in yield8.65 %12.10 %6.94 %N/AN/AN/A

(1) Cost is used in lieu of notional value for CMBS I/O Strips.

                                                                                                                                                                                                                                                           Liquidity and Capital Resources

Our short-term liquidity requirements consist primarily of funds necessary to pay for our ongoing commitments to repay borrowings, maintain our investments, make distributions to our stockholders and other general business needs. Our investments generate liquidity on an ongoing basis through principal and interest payments, prepayments and dividends. We believe that our available cash, expected operating cash flows, and potential debt or equity financings will provide sufficient funds for our operations, anticipated scheduled debt service payments, any potential obligations to fulfill unfunded commitments and dividend requirements for the twelve-month period following June 30, 2025.

Our long-term liquidity requirements consist primarily of acquiring additional investments, scheduled debt payments and distributions. We expect to meet our long-term liquidity requirements through various sources of capital