Company: NREF
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001786248-25-000004
Chunk: 601

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 15
Chunk 601
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ings andImprovementsIntangible LeaseAssetsConstruction in ProgressFurniture,Fixtures andEquipmentTotalsHudson Montford$10,996 $49,912 $— $401 $691 $62,000 Alexander at the District7,806 59,162 1,271 — 716 68,955 Accumulated depreciation and amortization— (3,948)— — (456)(4,404)Total Real Estate Investments, Net$18,802 $105,126 $1,271 $401 $951 $126,551 

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Table of Contents

The following table reflects the revenue and expenses for the years ended December 31, 2024, 2023, and 2022, for our multifamily properties (in thousands). For the Year Ended December 31,202420232022RevenuesRental income$8,715 $4,962 $11,116 Other income149 182 1,286 Total revenues8,864 5,144 12,402 ExpensesInterest expense8,219 3,984 4,183 Real estate taxes and insurance1,325 862 1,493 Property operating expenses2,415 1,145 2,548 Property general and administrative expenses466 257 366 Property management fees260 158 301 Depreciation and amortization5,613 2,465 2,895 Rate cap (income) expense80 (2,045)(1,014)Debt service bridge— — 626 Casualty (gain) loss(1)(148)— Total expenses18,377 6,678 11,398 Net income (loss) from consolidated real estate owned$(9,513)$(1,534)$1,004 

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Table of Contents

9. Debt

The following table summarizes the Company’s financing arrangements in place as of December 31, 2024 (dollars in thousands): December 31, 2024 FacilityCollateral Date issuedOutstandingface amountCarryingvalueFinal statedmaturityWeightedaverageinterestrate (1)Weightedaveragelife (years)(2)Outstandingface amountAmortized cost basisCarryingvalue (3)Weightedaveragelife (years)(2)Master Repurchase