VineBrook’s Affiliate NexPoint Homes Secures Expanded $15M Loan Facility

The amendment adds $5 million in new funding and extends the interest-only structure until mid-2026.

August 28, 2025

Increased Capacity Under Existing Credit Facility

NexPoint Homes, an affiliate of VineBrook Homes Trust, has expanded its credit facility to support ongoing initiatives across its single-family rental platform. On August 25, 2025, NexPoint’s operating partnership (SFR OP) executed an amendment that increases the size of its promissory note from $5 million to $15 million. The lender, NREF OP IV REIT Sub, LLC, is a subsidiary of a firm managed by an affiliate of NexPoint Homes' advisor.

The amendment adds $5 million in immediate funding and brings the outstanding balance under the note to $10 million. Terms remain consistent: the note accrues interest at 15% annually, payable in kind, with no required principal payments until maturity. The final maturity date is set for July 10, 2026.

Cash Flow Flexibility Built In

This structure allows NexPoint Homes to put capital to work while preserving cash. By keeping payments interest-only and pushing principal repayment into the future, the company can allocate more resources toward growth, operations, or portfolio initiatives.

Internal Capital Relationships in Motion

The move also reflects continued alignment between NexPoint and its related investment entities. Leveraging internal capital relationships gives the company flexibility when tapping new funding—especially when quick access matters.

With $5 million still available under the revised cap, NexPoint has room to maneuver. Whether the goal is to scale operations or address shifting market needs, the expanded note gives the company more options heading into the second half of the year.