NexPoint Real Estate Finance lends $16.7M to affiliate NexPoint Storage Partners under $40M promissory note at 14% PIK

NexPoint Real Estate Finance, Inc.

OP loaned $16.7M to NSP OC; aggregate borrowing capacity up to $40M under the note.
Note bears 14% interest payable in kind (PIK), interest-only term, matures Jan 16, 2031.
Loan secured by first-priority lien on certain master lease rents, asset management fees, and deposit accounts of NSP OC and subsidiaries.
Note subordinated to NSP's Series D Preferred Stock (mandatorily redeemable Dec 2028); no principal payments without Series D holder consent.
Ohio State Life Insurance (OSL) agreed to purchase $5M of the note at par before Q2 2026; NREF owns ~25.4% of NSP common.

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 NSP Note with NexPoint Storage Partners Operating Company, LLC valued at up to an aggregate principal amount of $40 million, with $16.7 million outstanding as of January 16, (effective 2026-01-16).

Action: entry
Agreement: credit facility
Counterparty: NexPoint Storage Partners Operating Company, LLC
Value: up to an aggregate principal amount of $40 million, with $16.7 million outstanding as of January 16,
Effective: 2026-01-16

Exact text from the filing

On January 16, 2026, NexPoint Real Estate Finance Operating Partnership, L.P. (the “OP”), the operating partnership of NexPoint Real Estate Finance, Inc. (the “Company”), loaned $16.7 million to NexPoint Storage Partners Operating Company, LLC (“NSP OC”), a subsidiary of NexPoint Storage Partners, Inc. (“NSP”). In connection with the loan, NSP OC issued a promissory note (the “NSP Note”)

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Source: SEC EDGAR

accession 0001437749-26-001916

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