Company: NREF
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001786248-25-000010
Chunk: 128

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 1A
Chunk 128
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64,987 0.6Common stock investmentNexBank, SSB4/29/202410,000 9,923 4/28/20268.57 %1.1N/AN/A26,686 N/APromissory noteRaymond James5/20/202475,000 73,840 5/20/2025(8)10.82 %0.1151,263 150,705 150,705 1.9Unsecured FinancingVarious10/15/202036,500 36,294 10/25/20257.50 %0.6N/AN/AN/AN/AVarious4/20/2021180,000 178,601 5/1/20265.75 %1.1N/AN/AN/AN/ANFRO REIT Sub, LLC10/18/20226,500 6,500 10/18/20277.50 %2.6N/AN/AN/AN/ATotal/weighted average$831,505 $828,073 5.95 %1.2$1,105,625 $844,031 $862,676 4.0(1)Weighted-average interest rate using unpaid principal balances.(2)Weighted-average life is determined using the maximum maturity date of the corresponding loans, assuming all extension options are exercised by the borrower.(3)CMBS are shown at fair value on an unconsolidated basis. SFR Loans and mezzanine loans are shown at amortized cost.(4)On April 15, 2020, three of our subsidiaries entered into a master repurchase agreement with Mizuho Securities ("Mizuho"). Borrowings under these repurchase agreements are collateralized by portions of the CMBS B-Pieces and CMBS I/O Strips.(5)The master repurchase agreement with Mizuho does not have a stated maturity date. The transactions in place have a one-month to two-month tenor and are expected to roll accordingly.(6)Debt was assumed upon acquisition of this property and recorded at the outstanding principal amount, net of debt issuance costs. The loan can be prepaid at a 1.0% prepayment premium on any unpaid principal. The loan is open to pre-payment in the last three months of the term.

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(7)Debt was assumed upon consolidation of this property and recorded at