Mezzanine Loan of up to US$218M

Winston & Strawn represented NREF OP IV REIT Sub, LLC (an affiliate of NexPoint Advisors, L.P), as lender and administrative agent, in making a mezzanine loan of up to US$218M to IQHQ-Alewife Holdings, LLC, as borrower, in connection with and for the construction and development of certain properties in Massachusetts, which loan is secured by a mortgage and equity pledges of direct and indirect ownership interests in the property owner.