NexPoint Residential buys $27.2 million DST bridge loan from NexBank Capital
On June 5, 2026, the company's operating partnership bought the Waterford Loan from NexBank Capital for $27.2 million, funded with borrowings under its revolving credit facility. The loan is a 10.00% fixed-rate term loan tied to the acquisition of a 240-unit multifamily property in North Carolina, and it marks the company's first deployment in its DST bridge-lending program. Because a director and officer of the company has ties to NexBank Capital and to the external adviser, the deal is a related-party transaction.
Key points
- Purchase price of $27.2 million equal to outstanding principal plus accrued interest, funded through the revolving credit facility with JPMorgan Chase Bank, N.A.
- Fixed interest rate of 10.00% per year, compounded monthly, with a stated maturity of January 14, 2028 and a 364-day extension option.
- Loan bought without recourse except for breaches of representations; NexBank Capital must repurchase it if a material breach is not cured within 30 days, and claims survive 360 days.
- A director and officer is a director of NexBank Capital and is linked to the parent of the external adviser, NexPoint Real Estate Advisors, L.P.
The filing
Written by AI on Nov 8, 2026, 2:07 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 09, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.