Company: NREF
Filing Date: 2025-03-14
Form Type: 424B5
Source: 0001437749-25-007770
Chunk: 36

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-03-14
Form: 424B5
Chunk 36
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 up to $100,000,000 aggregate sales price of our common stock and our 8.50% Series A Cumulative Redeemable Preferred Stock from time to time through Raymond James & Associates, Inc., Keefe, Bruyette & Woods, Inc., Robert W. Baird & Co. Incorporated and Virtu Americas LLC. Effective as of December 16, 2021, the Company terminated the equity distribution agreements.

On July 28, 2022, we entered into a $38.7 million bridge facility with Raymond James Bank, N.A. (“Raymond James Bank”), an affiliate of Raymond James & Associates, Inc., the proceeds of which were used to fund the acquisition of a commercial mortgage backed security securitization. The Company repaid the bridge facility in full on July 29, 2022.

On May 20, 2024, the OP entered into a loan agreement with Raymond James Bank, as lender, providing for a loan in the aggregate principal amount of $75,000,000 (the “Raymond James Loan”). The Raymond James Loan bears interest at term secured overnight financing rate plus 6.50%, is interest only during the term of the loan and matures on May 20, 2025. The Company has the option to extend the maturity date for one six-month period. To extend, the OP cannot be in default, must meet certain financial covenants and needs to pay a fee of 1.00% of the outstanding principal balance as of the maturity date. The Raymond James Loan is secured by certain equity interests held indirectly by the OP and is guaranteed by the Company. Pursuant to the Raymond James Loan, the OP must pay to Raymond James Bank 100% of the net capital proceeds of any capital event, including common and preferred equity issuances, to permanently reduce the then-outstanding principal of the Raymond James Loan. The Raymond James Loan contains customary events of default, including defaults in the payment of principal or interest, defaults in compliance with the covenants contained therein, defaults in payments under any other security interest, and bankruptcy or other insolvency events. As of September 30, 2024, the outstanding balance of the Raymond James Loan was $75 million. The Company used the proceeds of the Raymond James Loan to fund additional investments pursuant to the Company’s business plan. As described in this prospectus supplement under “Use of Proceeds,” to the extent the OP uses any of the note proceeds contributed by us to repay amounts under the