NexPoint Real Estate Finance Raises $404.5M in Series B, Launches $200M Series C Preferred Offerings

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DALLAS — December 10, 2025 — NexPoint Real Estate Finance, Inc. (NREF) announced the full subscription and closing of its $404.5 million Series B Cumulative Redeemable Preferred Stock offering and the launch of a $200 million Series C Preferred Stock offering. The company said the new issuance continues its preferred stock program and supports its strategic growth initiatives.

Series B Fully Subscribed, Series C Launch Announced

NREF reported that the Series B Preferred Stock offering, with a 9.00% dividend rate, was fully subscribed, raising approximately $404.5 million in gross proceeds. The company also launched its $200 million Series C Cumulative Redeemable Preferred Stock offering, priced at $25.00 per share with an 8.00% dividend rate. The first scheduled close for the Series C offering is set for December 19, 2025.

According to the company, the successful completion of the Series B offering reflects investor confidence in its financial performance and management. Proceeds from the offering are expected to strengthen NREF’s balance sheet and support the expansion of its real estate lending portfolio. Specific sector allocations were undisclosed.

Ongoing Commitment to Real Estate Finance

Matthew McGraner, chief investment officer of NREF, said the company was encouraged by investor interest in the Series B offering. “On the heels of this successful offering, the Series C launch reflects our ongoing commitment to disciplined capital management and strategic growth in real estate finance,” McGraner said in a statement.

The Series C Preferred Stock offering is being conducted as a public offering under NREF’s effective shelf registration statement filed with the U.S. Securities and Exchange Commission. NexPoint Securities, Inc., a member of FINRA/SIPC, is listed as the contact for prospectus materials.

Why It Matters

NREF’s preferred stock offerings highlight continued investor interest in real estate-backed income products and demonstrate the company’s ability to raise capital through public offerings. The initiatives underscore its ongoing commitment to real estate finance and capital management.

Source: NexPoint Real Estate Finance press release