NexPoint Real Estate Finance Enters Material Agreement

TL;DR

NREF just signed a big deal, creating new financial obligations. Details in the 8-K.

AI Summary

NexPoint Real Estate Finance, Inc. entered into a material definitive agreement on October 8, 2025. This agreement also created a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. The filing includes financial statements and exhibits related to this event.

Why It Matters

This filing indicates a significant new financial commitment or arrangement for NexPoint Real Estate Finance, which could impact its financial obligations and future operations.

Risk Assessment

Risk Level: medium — Entering into new material definitive agreements and financial obligations inherently carries risks related to the terms, execution, and potential impact on the company's financial health.

Key Players & Entities

• NexPoint Real Estate Finance, Inc. (company) — Registrant
• October 8, 2025 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.01 — h registered Common Stock , par value $0.01 per share 8.50% Series A Cumulative R
• $45.0 million — d sold an aggregate principal amount of $45.0 million of 7.875% Senior Unsecured Notes due 20
• $36.5 million — Notes to fully repay the approximately $36.5 million aggregate principal amount of the OP's
• $3.2 million — alue per share, for a purchase price of $3.2 million. As of June 30, 2025, the Company owned
• $11.4 million — obligations of NSP, which are capped at $11.4 million as of June 30, 2025. A director and of

Filing Documents

• nref20251010_8k.htm (8-K) — 34KB
• ex_868850.htm (EX-10.1) — 469KB
• ex_868851.htm (EX-10.2) — 24KB
• 0001437749-25-030861.txt ( ) — 766KB
• nref-20251008.xsd (EX-101.SCH) — 4KB
• nref-20251008_def.xml (EX-101.DEF) — 13KB
• nref-20251008_lab.xml (EX-101.LAB) — 18KB
• nref-20251008_pre.xml (EX-101.PRE) — 14KB
• nref20251010_8k_htm.xml (XML) — 5KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. On October 10, 2025, NexPoint Real Estate Finance Operating Partnership, L.P. (the "OP"), the operating partnership of NexPoint Real Estate Finance, Inc. (the "Company"), as issuer, entered into a note purchase agreement (the "Note Purchase Agreement") with Bluerock Total Income+ Real Estate Fund ("Bluerock") and The Ohio State Life Insurance Company ("OSL," and, together with Bluerock, the "Purchasers"), as purchasers, the Company, as guarantor, and NexPoint Real Estate Advisors VII, L.P. (the "Manager"), the external manager of the Company, whereby the OP issued and sold an aggregate principal amount of $45.0 million of 7.875% Senior Unsecured Notes due 2026 (the "Notes") to the Purchasers. The OP intends to use the net proceeds from the Notes to fully repay the approximately $36.5 million aggregate principal amount of the OP's 7.50% Senior Unsecured Notes due 2025 (the "2020 OP Notes") and for general corporate purposes. The Notes are the senior unsecured obligations of the OP with interest payable on October 15 and April 15 of each year, beginning April 15, 2026. The Notes mature October 10, 2026 with two six-month extension options exercisable in the OP's discretion, subject to an extension fee. If the second extension option is exercised, the interest rate on the Notes will increase by 3.0%. The OP may at its option redeem the Notes, in whole or in part, at any time at a redemption price equal to 100% of the principal amount of the Notes plus any accrued and unpaid interest to, but not including, the redemption date. The Note Purchase Agreement contains customary representations and warranties of the OP and the Company a

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Note Purchase Agreement, dated October 10, 2025, by and among NexPoint Real Estate Operating Partnership, L.P., NexPoint Real Estate Finance, Inc., NexPoint Real Estate Advisors VII, L.P. and the purchasers listed on the signature pages thereto 10.2 Limited Consent to Loan Agreement, dated October 10, by and between NexPoint Real Estate Operating Partnership, L.P., as borrower and NexBank, as lender 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. NEXPOINT REAL ESTATE FINANCE, INC. By: /s/ Paul Richards Name: Paul Richards Title: Chief Financial Officer, Executive Vice President-Finance, Assistant Secretary and Treasurer Date: October 10, 2025

View Full Filing

View this 8-K filing on SEC EDGAR