NexPoint Residential Trust, Inc. (NXRT) Form 8-K — Jun 9, 2026
NexPoint Residential Trust (NXRT) entered into a Loan Purchase and Sale Agreement on June 5, 2026, to purchase a $27.2 million term loan from NexBank Capital, Inc. This transaction marks the Company’s first deployment of capital in its Delaware statutory trust (DST) bridge-lending program, a strategic initiative previously described in investor communications. The acquired "Waterford Loan" bears a fixed interest rate of 10.00% per annum, compounded monthly, with a maturity date of January 14, 2028, and a 364-day extension option. Management notes this yield represents a meaningful spread over the Company’s revolving credit cost of funds, which was used to finance the purchase.
Key figures
- Deal Value Usd
- 27200000
- Interest Rate
- 10
- Maturity Date
- January 14, 2028
- Loan type
- DST bridge loan
- Property units
- 240
- Sponsor dst equity
- 4000000000
- Repurchase price basis
- 100% of outstanding principal plus accrued interest
Price after filing
Close on the filing date to close N calendar days later (from $29.06). Historical, not a forecast.
AI analysis
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