---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-001916"
form_type: "8-K"
ticker: "NREF"
cik: "0001786248"
company_name: "NexPoint Real Estate Finance, Inc."
filed_at: "2026-01-23T23:59:59+00:00"
generated_at: "2026-05-16T08:28:38.457540+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-26-001916
- form_type: 8-K
- ticker: NREF
- cik: 0001786248
- company_name: NexPoint Real Estate Finance, Inc.
- filed_at: 2026-01-23T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1786248/000143774926001916/0001437749-26-001916-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1786248/000143774926001916/nref20260123_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-001916
- JSON: https://secwatch.observer/filing/0001437749-26-001916.json
- Plain text: https://secwatch.observer/filing/0001437749-26-001916.txt

## Key facts
- Material Agreements
  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
  source text: 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”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1786248/000143774926001916/0001437749-26-001916-index.htm

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