NexPoint Real Estate Finance borrows $10M from NexBank in related-party loan

NexPoint Real Estate Finance, Inc.

Loan principal of $10M with interest at higher of 1-month SOFR +4.2% or 8.25% per annum.
Matures April 28, 2025, with two 364-day extension options at Borrower's sole discretion.
Secured by certain equity interests held by Borrower and guaranteed by NREF.
Director/officer of NREF has indirect ownership in NexBank (related-party transaction).

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 NexBank Loan with NexBank valued at $10.0 million (effective 2024-04-29).

Action: entry
Agreement: credit facility
Counterparty: NexBank
Value: $10.0 million
Effective: 2024-04-29

Exact text from the filing

On April 29, 2024, NexPoint Real Estate Finance Operating Partnership, L.P. (“Borrower”), a subsidiary of NexPoint Real Estate Finance, Inc. (“NREF”) entered into a loan agreement with NexBank, as lender, providing for a loan in the aggregate principal amount of $10.0 million (the “NexBank Loan”).

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NexPoint Real Estate Finance, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-24-014665

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