NexPoint Residential refinances $813.5M debt on 17 properties with 7-year floating-rate loans

NexPoint Residential Trust, Inc.

New loans total $813.5M, each at 30-Day SOFR + 109 bps (6.25% as of Oct 1, 2024).
All 17 loans are 84-month interest-only, maturing Sept 30, 2031, with interest rate caps of 8.16%-8.91%.
Properties refinanced include The Venue, Sabal Palm, Cornerstone, Avant, and 13 others.
Loans are non-recourse to NexPoint and secured by mortgages on each property.

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