Company: NREF
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052000
Chunk: 24

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 8
Chunk 24
---
,444 $705,822 (1)Represents the date a loan was originated or acquired. December 31, 2024Carrying Value by Year of Origination (1)Risk RatingNumber ofLoansOutstanding Face Amount20242023202220212020PriorTotal Carrying Value1—$— $— $— $— $— $— $— $— 2—— — — — — — — — 349750,031 284,958 94,446 74,658 38,067 19,812 228,019 739,960 4221,100 — — 8,479 12,500 — — 20,979 5—— — — — — — — — 51$771,131 $284,958 $94,446 $83,137 $50,567 $19,812 $228,019 $760,939 (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.GeographySeptember 30, 2025December 31, 2024Massachusetts17.66 %22.68 %Texas17.54 %16.39 %Georgia11.09 %8.68 %Maryland8.22 %8.61 %California6.09 %8.55 %Virginia5.89 %5.15 %Florida4.28 %5.15 %Other (21 and 21 states each at <4%)29.23 %24.79 %100.00 %100.00 %

19

Collateral Property TypeSeptember 30, 2025December 31, 2024Multifamily36.31 %34.57 %Single Family Rental29.36 %26.57 %Life Science28.29 %34.98 %Self-Storage3.80 %2.73 %Marina2.24 %1.15 %100.00 %100.00 %

4. CMBS Trusts

As of September 30, 2025, the Company consolidated all of the CMBS Entities that