Company: NXDT
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001356115-25-000014
Chunk: 13

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 8
Chunk 13
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NHT - PC & B Loan (3)Floating37,875 37,875 6.70 %2/5/2026White Rock Center (4)Fixed10,000 10,000 10.00 %8/2/2029Notes PayableDominion NoteFloating13,250 13,250 7.50 %8/8/2025Raymond James LoanFloating8,000 11,000 8.57 %10/6/2025NexBank Revolver (5)Floating16,485 16,485 7.81 %5/21/2025Convertible Notes Due to AffiliatesFixed57,986 57,986 2.25% - 7.50%2/14/2027 - 9/30/2042Prime Brokerage BorrowingJefferies Line of CreditFloating1,242 1,222 4.83 %N/A (7)Total Debt$350,393 $362,110 Fair market value adjustment, net of accumulated amortization (6)(7,299)(7,740)Deferred financing costs(295)(315)$342,799 $354,055 (1)This debt is secured by the following property: Cityplace.(2)This debt is secured by the following properties: HGI Property, Addison Property, Las Colinas Homewood Suites and the St. Pete Property.

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(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 interests.(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)This debt balance has no stated maturity date.Cityplace DebtThe Company has debt on the Cityplace Tower (“Cityplace”) 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, the lender agreed to defer the maturity of the Cityplace debt by twelve months to March 8, 2026. The