Company: NREF
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052000
Chunk: 194

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 6
Chunk 194
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970 578,970 Preferred stock investments, at fair value155,715 — — 155,715 155,715 Common stock investments, at fair value51,566 — — 51,566 51,566 Equity method investments1,660 — — 1,660 1,660 Mortgage loans, held-for-investment, net122,176 — — 120,573 120,573 Accrued interest60,703 60,703 — — 60,703 Mortgage loans held in variable interest entities, at fair value4,054,259 — 4,047,023 7,236 4,054,259 CMBS structured pass-through certificates, at fair value42,334 — 42,334 — 42,334 Stock warrant investments116,228 — — 116,228 116,228 Accounts receivable and other assets3,916 3,916 — — 3,916 Total Assets$5,213,764 $86,180 $4,089,357 $1,031,948 $5,207,485 LiabilitiesSecured financing agreements, net$176,752 $— $— $155,359 $155,359 Master repurchase agreements257,605 — — 257,605 257,605 Unsecured notes, net222,217 — 222,171 — 222,171 Mortgages payable, net63,500 — — 59,574 59,574 Accounts payable and other accrued liabilities11,889 11,889 — — 11,889 Accrued interest payable15,326 15,326 — — 15,326 Bonds payable held in variable interest entities, at fair value3,755,809 — 3,755,809 — 3,755,809 Total Liabilities$4,503,098 $27,215 $3,977,980 $472,538 $4,477,733 

34

The carrying values and fair values of the Company’s financial assets and liabilities recorded at fair value on a recurring basis, as well as other financial instruments not carried at fair value as of December 31, 2024 (in thousands): Fair