Company: NREF
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001786248-25-000004
Chunk: 217

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 4
Chunk 217
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 2024. The CMBS B-Pieces and CMBS I/O Strips held as collateral are illiquid and irreplaceable in nature. These assets are restricted solely to satisfy the interest and principal balances owed to the lender.On November 15, 2023, the Company issued an additional $15.0 million aggregate principal amount of its 5.75% Notes at a price equal to 92.0% par value, including accrued interest, for proceeds of approximately $13.6 million after original issue discount and underwriting fees. As of December 31, 2024 the principal outstanding is $180.0 million.

F-33

Table of Contents

As of December 31, 2024, the outstanding principal balances related to the levered senior and mezzanine loans consisted of the following (dollars in thousands):InvestmentInvestment DateOutstanding Principal Balance (1)LocationProperty TypeInterest TypeInterest RateMaturity DateSenior LoansSenior loan2/11/2020$28,564 VariousSingle-familyFixed2.14 %10/1/2025Senior loan2/11/202033,171 VariousSingle-familyFixed2.70 %11/1/2028Senior loan2/11/20209,284 VariousSingle-familyFixed2.45 %3/1/2026Senior loan2/11/20207,107 VariousSingle-familyFixed3.51 %2/1/2028Senior loan2/11/20208,657 VariousSingle-familyFixed3.30 %10/1/2028Senior loan2/11/20207,748 VariousSingle-familyFixed3.14 %1/1/2029Senior loan2/11/20205,745 VariousSingle-familyFixed2.99 %3/1/2029Senior loan2/11/20205,102 VariousSingle-familyFixed3.14 %12/1/2028Senior loan2/11/20204,719 VariousSingle-familyFixed2.64 %10/1/2028Senior loan1/26/2024140,283 Cambridge, MALife sciencesFloating14.00 %2/9/2027Total$250,380 9.03 %Mezzanine LoansMezzanine loan10/20/2020$8,723 Wilmington, DEMultifamilyFixed0.30 %6/1