---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-030861"
form_type: "8-K"
ticker: "NREF"
cik: "0001786248"
company_name: "NexPoint Real Estate Finance, Inc."
filed_at: "2025-10-10T23:59:59+00:00"
generated_at: "2026-05-17T04:05:18.718029+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# NexPoint Real Estate Finance issues $45M 7.875% notes due 2026, refinances existing debt

## Summary
- Issued $45M of Senior Unsecured Notes at 7.875% due Oct 10, 2026 with two six-month extension options.
- Net proceeds to fully repay the ~$36.5M of 7.50% Senior Unsecured Notes due 2025 and for general corporate purposes.
- OP purchased ~3,178 shares of NSP 15.0% Cumulative Series G Preferred Stock for $3.2M.
- Interest payable semiannually April 15 and October 15 starting April 15, 2026; notes issued at 97.5% of par.
- Company guarantees the notes; note purchase agreement includes customary covenants and events of default.

## SEC filing metadata
- accession: 0001437749-25-030861
- form_type: 8-K
- ticker: NREF
- cik: 0001786248
- company_name: NexPoint Real Estate Finance, Inc.
- filed_at: 2025-10-10T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1786248/000143774925030861/0001437749-25-030861-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1786248/000143774925030861/nref20251010_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-030861
- JSON: https://secwatch.observer/filing/0001437749-25-030861.json
- Plain text: https://secwatch.observer/filing/0001437749-25-030861.txt

## Key facts
- Debt Financings
  NexPoint Real Estate Finance, Inc. incurred senior notes of $45.0 million with Bluerock Total Income+ Real Estate Fund and The Ohio State Life Insurance Company at 7.875% maturing October 10, 2026 with two six-month extension options exercisable in the OP’s discretion, subject to an extension fee.
  - Instrument: senior notes
  - Principal: $45.0 million
  - Counterparty: Bluerock Total Income+ Real Estate Fund and The Ohio State Life Insurance Company
  - Rate: 7.875%
  - Maturity: October 10, 2026 with two six-month extension options exercisable in the OP’s discretion, subject to an extension fee
  - Event: incurrence
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1786248/000143774925030861/0001437749-25-030861-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.