Company: NREF
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001786248-25-000004
Chunk: 274

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 7
Chunk 274
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rying Value1—$— $— $— $— $— $— $— $— 2—— — — — — — — — 346961,756 82,879 69,958 40,981 19,158 759,828 19,947 992,751 4212,120 — 12,129 — — — — 12,129 5—— — — — — — — — 48$973,876 $82,879 $82,087 $40,981 $19,158 $759,828 $19,947 $1,004,880 (1)Represents the date a loan was originated or acquired. The following tables present the geographies and property types of collateral underlying the Company’s loans held-for-investment as a percentage of the loans’ face amounts.GeographyDecember 31, 2024December 31, 2023Massachusetts22.68 %*Texas16.39 %13.87 %Georgia8.68 %30.50 %Maryland8.61 %5.47 %California8.55 %4.92 %Virginia5.15 %*Florida5.15 %18.40 %Minnesota*7.31 %Other (21 and 23 states each at <4%)24.79 %19.53 %100.00 %100.00 %*Included in “Other.”

F-22

Table of Contents

Collateral Property TypeDecember 31, 2024December 31, 2023Life Science34.98 %6.33 %Multifamily34.57 %21.99 %Single Family Rental26.57 %69.93 %Self-Storage2.73 %1.75 %Marina1.15 %— %100.00 %100.00 %

4. CMBS Trusts

As of December 31, 2024, the Company consolidated all of the CMBS Entities that it determined are VIEs and for which the Company is the primary beneficiary. The Company elected the fair-value measurement alternative in accordance with ASU 2014-13 for each of the trusts and carries the fair values of the trust’s assets and liabilities