Company: NREF
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001786248-25-000004
Chunk: 463

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 9A
Chunk 463
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31, 2024 as compared to the year ended December 31, 2023

The following table presents the components of net interest income for the years ended December 31, 2024 and 2023 (dollars in thousands):

For the Year EndedDecember 31,$ Change% Change20242023Interest income/(expense)AverageBalance (1)Yield (2)Interest income/(expense)AverageBalance (1)Yield (2)Interest incomeSenior loans, held-for-investment (3)$3,706 $223,945 1.65 %$27,259 $712,592 3.83 %$(23,553)(86.4)%Mezzanine loans, held-for-investment13,684 136,236 10.04 %14,191 144,536 9.82 %(507)(3.6)%Preferred equity, held-for-investment26,062 218,874 11.91 %19,641 165,674 11.86 %6,421 32.7 %CMBS structured pass-through certificates, at fair value841 37,389 2.25 %2,218 43,824 5.06 %(1,377)(62.1)%MSCR Notes528 3,455 15.28 %1,341 10,267 13.06 %(813)(60.6)%Mortgage backed securities1,530 27,549 5.55 %3,708 32,450 11.43 %(2,178)(58.7)%Promissory notes and Revolving Credit Facilities26,156 66,401 39.39 %— —  N/A 26,156 N/ATotal interest income$72,507 $713,849 10.16 %$68,358 $1,109,343 6.16 %$4,149 6.1 %Interest expenseMaster repurchase agreements, net$(20,341)$(283,998)7.16 %$(22,576)$(323,443)6.98 %$2,235 (9.9)%Long-term seller financing, net(4,140)(207,888)1.99 %(15,032)(678,245)2.22 %10,892 (72.5