---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-011262"
form_type: "8-K"
ticker: "NREF"
cik: "0001786248"
company_name: "NexPoint Real Estate Finance, Inc."
filed_at: "2026-04-03T23:59:59+00:00"
generated_at: "2026-05-15T07:38:48.640925+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-26-011262
- form_type: 8-K
- ticker: NREF
- cik: 0001786248
- company_name: NexPoint Real Estate Finance, Inc.
- filed_at: 2026-04-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1786248/000143774926011262/0001437749-26-011262-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1786248/000143774926011262/nref20260403_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-011262
- JSON: https://secwatch.observer/filing/0001437749-26-011262.json
- Plain text: https://secwatch.observer/filing/0001437749-26-011262.txt

## Source-grounded claims
- claim_id: 47d5c770b066c34dddd900fbfdd22ebeb0ba6ddc
  claim: 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).
  evidence_excerpt: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1786248/000143774926011262/0001437749-26-011262-index.htm

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