NexPoint Real Estate Finance lends additional $6M to affiliate NSP under NSP Note; participations sold

NexPoint Real Estate Finance, Inc.

On March 30, 2026, OP loaned $6.0M to NexPoint Storage Partners OC under existing NSP Note (14% PIK, matures Jan 2031).
On April 3, 2026, participations in the $6M Second Funding sold to affiliates: HFRO $2.5M, NXDT $962k, HGLB $1.25M, NRES $38k.
Total NSP Note outstanding $22.7M as of Apr 3, 2026; facility size up to $40M.
NREF owns 25.4% of NSP common; OP owns 95.4% of NSP Series G Preferred; guarantees capped at $97.6M.
All purchasers are affiliates of NexPoint external manager; OSL also an affiliate with participation rights.

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 Side Letter with Highland Opportunities & Income Fund, NexPoint Diversified Real Estate Trust OP, L.P., Highland Global Allocation Fund, NRES REIT Sub II, LLC (effective 2026-04-03).

Action: entry
Agreement: notes offering
Counterparty: Highland Opportunities & Income Fund, NexPoint Diversified Real Estate Trust OP, L.P., Highland Global Allocation Fund, NRES REIT Sub II, LLC
Effective: 2026-04-03

Exact text from the filing

on April 3, 2026, the Company entered into a participation agreement side letter (the “Side Letter”) pursuant to which, effective as of March 30, 2026, (i) Highland Opportunities & Income Fund (“HFRO”) purchased $2.5 million principal amount of the Second Funding; (ii) NexPoint Diversified Real Estate Trust OP, L.P. (“NXDT”) purchased $962,000 principal amount of the Second Funding; (iii) Highland Global Allocation Fund (“HGLB”) purchased $1.25 million principal amount of the Second Funding and (iv) NRES REIT Sub II, LLC (“NRES” and, together with HFRO, NXDT and HGLB, the “NSP Note Purchasers”) purchased $38,000 principal amount of the Second Funding.

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NexPoint Real Estate Finance, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-26-011262

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