secwatch / observer
8-K filed February 10, 2023, 6:59 PM ET ticker NXDT CIK 0001356115
debt confidence high sentiment neutral materiality 0.60

NexPoint extends $153.7M loan maturity by 3 months to May 8, 2023

NEXPOINT DIVERSIFIED REAL ESTATE TRUST

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.98

NEXPOINT DIVERSIFIED REAL ESTATE TRUST amended Limited Consent and Tenth Omnibus Amendment Agreement with CP Tower Owner, LLC, CP Land Owner, LLC, CP Equity Owner, LLC, CP Equity Land Owner, LLC, NexPoint Real Estate Partners, LLC, Delphi CRE Funding LLC, AC IV CA Mortgage LLC, ACORE Capital Mortgage, LP valued at Defers maturity date from February 8, 2023 to May 8, 2023 on a $153.7 million loan secured by Citypl (effective 2023-02-08).

Action
amendment
Agreement
credit facility
Counterparty
CP Tower Owner, LLC, CP Land Owner, LLC, CP Equity Owner, LLC, CP Equity Land Owner, LLC, NexPoint Real Estate Partners, LLC, Delphi CRE Funding LLC, AC IV CA Mortgage LLC, ACORE Capital Mortgage, LP
Value
Defers maturity date from February 8, 2023 to May 8, 2023 on a $153.7 million loan secured by Citypl
Effective
2023-02-08
Exact text from the filing
On February 8, 2023, NexPoint Diversified Real Estate Trust (the “Company”), CP Tower Owner, LLC (“CP Tower”), CP Land Owner, LLC (“CP Land”), CP Equity Owner, LLC, CP Equity Land Owner, LLC, NexPoint Real Estate Partners, LLC (“NexPoint Real Estate Partners”), Delphi CRE Funding LLC, AC IV CA Mortgage LLC, and ACORE Capital Mortgage, LP entered into the Limited Consent and Tenth Omnibus Amendment Agreement (the “Amendment Agreement”), amending the Loan Agreement, originally dated August 15, 2018 and subsequently amended (the “Loan Agreement”), pursuant to which the lenders party thereto made a loan in an original principal amount of $153.7 million to CP Tower and CP Land secured by a mortgage interest in Cityplace Tower in Dallas, Texas.
View on SEC.gov

Browse all material agreements →

NEXPOINT DIVERSIFIED REAL ESTATE TRUST filing history →

Source: SEC EDGAR
accession 0001437749-23-003060
Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.