Company: NREF
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001786248-25-000004
Chunk: 60

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 9C
Chunk 60
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378,611 $873,145 $5,301,201 LiabilitiesSecured financing agreements, net$235,769 $— $— $250,285 $250,285 Master repurchase agreements243,454 — — 243,454 243,454 Unsecured notes, net221,001 — 213,457 — 213,457 Mortgages payable, net95,464 — — 92,157 92,157 Accounts payable and other accrued liabilities9,458 9,458 — — 9,458 Accrued interest payable10,020 10,020 — — 10,020 Bonds payable held in variable interest entities, at fair value4,029,214 — 4,029,214 — 4,029,214 Total Liabilities$4,844,380 $19,478 $4,242,671 $585,896 $4,848,045 

F-38

Table of Contents

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, 2023 (in thousands): Fair ValueCarryingValueLevel 1Level 2Level 3TotalAssetsCash and cash equivalents$13,824 $13,824 $— $— $13,824 Restricted cash2,825 2,825 — — 2,825 Loans, held-for-investment, net328,460 — — 337,110 337,110 Preferred stock investments, at fair value14,776 — — 14,776 14,776 Common stock investments, at fair value61,529 — — 61,529 61,529 Mortgage loans, held-for-investment, net676,420 — — 663,866 663,866 Accrued interest22,033 22,033 — — 22,033 Mortgage loans held in variable interest entities, at fair value5,677,763 — 5,677,763 — 5,677,763 CMBS structured pass-through certificates, at fair value41,212 — 41,212 — 41,212