NexPoint whittles credit facility to $41 million balance with paydown

Chicago, Sept. 25 – NexPoint Real Estate Finance, Inc.’s drawn balance on its credit facility stands at $41 million after a recent paydown, representing an 88% reduction from Sept. 30, 2022, according to a company press release.

The company used $16 million of the proceeds from a recent property divestment in Dallas to lower the balance of the corporate credit facility.

The company has another divestment in Houston scheduled to close in the future.

With the completion of the sales, the company said it “remains committed to paying off the outstanding balance on the corporate credit facility in early Q4.”

The real estate investment trust is affiliated with Highland Capital, a Dallas-based investment management firm.

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