NREF subsidiary signs $6.5M promissory note to related-party NXDT OP at 7.535% PIK

NexPoint Real Estate Finance, Inc.

OP IV borrowed $6.5M from NXDT OP, the operating partnership of NexPoint Diversified Real Estate Trust.
Note bears interest at 7.535%, payable in kind, interest-only during the term.
Note matures on April 19, 2029.
Transaction is with an affiliate of NREF's manager.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

NexPoint Real Estate Finance, Inc. entered into NREF Note with NexPoint Diversified Real Estate Trust Operating Partnership, L.P. valued at $6.5 million (effective 2024-04-19).

Action: entry
Agreement: credit facility
Counterparty: NexPoint Diversified Real Estate Trust Operating Partnership, L.P.
Value: $6.5 million
Effective: 2024-04-19

Exact text from the filing

borrowed $6.5 million from NexPoint Diversified Real Estate Trust Operating Partnership, L.P. (“NXDT OP”), the operating partnership of NexPoint Diversified Real Estate Trust, an entity that is advised by an affiliate of the manager of NREF. In connection with the loan, OP IV issued a $6.5 million note (the “NREF Note”) to NXDT OP on April 19, 2024.

View on SEC.gov

291 material agreements filed in the last 30 days. Browse all material agreements →

NexPoint Real Estate Finance, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-24-012850

view filing index on sec.gov

view primary document

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.