Company: NREF
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001786248-25-000004
Chunk: 589

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 15
Chunk 589
---
 notes and revolving credit facilities are accounted for as loans held for investment. The mortgage loans are presented as “Mortgage loans, held-

F-19

Table of Contents

for-investment, net” and the mezzanine loans, preferred equity, promissory notes and revolving credit facilities are presented as “Loans, held-for-investment, net” on the Consolidated Balance Sheets. The following tables summarize our loans held-for-investment as of December 31, 2024 and December 31, 2023, respectively (dollars in thousands):Loan TypeOutstanding Face AmountCarrying Value (1)Loan CountWeighted Average Fixed Rate (2) Coupon (3)Life (years) (4)December 31, 2024Mortgage loans, held-for-investment$260,901 $263,395 1046.23 %9.99 %2.41Mezzanine loans, held-for-investment133,207 134,870 2278.31 %9.41 %4.35Preferred equity, held-for-investment224,423 223,653 1642.43 %11.92 %2.27Promissory notes, held-for-investment4,000 3,992 2100.00 %14.69 %0.49Revolving credit facility, held-for-investment148,600 135,029 1100.00 %13.50 %3.00$771,131 $760,939 5161.31 %11.15 %2.81Loan TypeOutstanding Face AmountCarrying Value (1)Loan Count Weighted Average Fixed Rate (2)Coupon (3)Life (years) (4)December 31, 2023Mortgage loans, held-for-investment$645,277 $676,420 11100.00 %4.79 %4.49Mezzanine loans, held-for-investment133,207 135,069 2278.31 %9.61 %5.36Preferred equity, held-for-investment195,392 193,391 1539.12 %12.20 %2.22$973,876 $1,004,880 4884.82 %6.94 %4.15(1)Carrying value includes the outstanding face amount plus un