Company: NXDT
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052132
Chunk: 176

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 8
Chunk 176
---
 PayableDominion NoteFloating13,250 13,250 7.25 %8/8/2026Raymond James LoanFloating1,250 11,000 8.53 %10/6/2025 (8)NexBank Revolver (5)Floating13,470 16,485 7.75 %11/21/2025Convertible Notes Due to AffiliatesFixed57,986 57,986 2.25% - 7.50%2/14/2027 - 9/30/2042Promissory Notes Due to AffiliatesFixed775 — 7.33 %4/17/2027Prime Brokerage BorrowingJefferies Line of CreditFloating5,952 1,222 4.59 %N/A (9)Total Debt$321,012 $362,110 Fair market value adjustment, net of accumulated amortization (6)(6,444)(7,740)Deferred financing costs(392)(315)$314,176 $354,055 (1)This debt is secured by the following property: Cityplace Tower.(2)This debt is secured by the following properties: HGI Property and the St. Pete Property.(3)This debt is secured by the following properties: Park City and Bradenton.(4)This debt is secured by the following property: White Rock Center.(5)This debt is secured by the following property and investments: 5916 W Loop 289 and IQHQ, LP (“IQHQ LP”).(6)The Company recorded a valuation adjustment of the Convertible Notes Due to Affiliates upon the consolidation of NHT to adjust for the difference between the fair value and the outstanding principal amount of the debt. The difference is amortized into interest expense.(7)Subsequent to September 30, 2025, the Company extended the maturity date of the debt to February 8, 2026.

19

(8)On October 6, 2025, the Company repaid the remaining $1.3 million principal balance and fully extinguished the debt.(9)This debt balance has no stated maturity date.Cityplace Tower DebtThe Company has debt on the Cityplace Tower pursuant to a Loan Agreement, originally dated August 15, 2018 and subsequently amended (the “Loan Agreement”). The debt is limited recourse to the Company and encumbers the property. On April 15, 2025,