UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): ~~March~~April 167, 2017

NexPoint Multifamily Capital Trust, Inc.

(Exact Name of Registrant as Specified in Its Charter)

Maryland		333-200221~~(1933 Act)~~		46-4106316
(State or other jurisdiction of incorporation or organization)		(Commission File Number)		(I.R.S. Employer Identification No.)

300 Crescent Court

Suite 700

Dallas, Texas 75201

(Address of principal executive offices)

(972) 628-4100

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 81.01 ~~Other~~Entry ~~Events~~into a Material Definitive Agreement.

~~Class A~~Second ~~Distributions~~Amendment to Revolving Credit Agreement

OnAs ~~March 16,~~previously ~~2017~~reported, ~~the~~NexPoint ~~board~~Multifamily ofOperating ~~directors~~Partnership, L.P. (the “~~Board~~OP”), the wholly-owned operating partnership of NexPoint Multifamily Capital Trust, Inc. (the “Company”), ~~authorized~~and ~~the~~Highland ~~declaration~~Capital ofManagement, aL.P. ~~special~~(the ~~distribution~~“Sponsor”), to the Company’s ~~Class A~~sponsor, ~~stockholders~~entered ofinto ~~record~~that ascertain ofrevolving ~~the~~credit ~~close~~agreement ofdated April 7, ~~business~~2016, onas ~~March 16,~~borrowers ~~2017~~(the “Borrowers”) of ~~$0.0246~~up ~~per~~to ~~Class A share~~$15,000,000, ~~which~~with isKeyBank anNational ~~amount~~Association ~~equal to~~(“KeyBank”) aas ~~daily~~administrative ~~distribution~~agent ofand ~~$0.00164~~lender ~~per~~(the ~~Class A~~“Key ~~share~~Revolver”). ofOn ~~common stock~~August 19, 2016 ~~for~~ the ~~period~~Borrowers ofand ~~March 1,~~KeyBank ~~2017~~amended tothe ~~March 15,~~Key ~~2017.~~Revolver ~~The~~(the ~~Board~~“First ~~also~~Amendment”) ~~approved~~to ~~and~~increase ~~authorized~~ the ~~declaration~~credit oflimit a(the ~~daily~~“Commitment”) ~~distribution~~from $15,000,000 to ~~the~~$20,000,000, ~~Company’s Class A~~reduced ~~stockholders~~to of$17,000,000 ~~record~~ as of ~~the~~October 31, ~~close~~2016, and ofreduced ~~business~~to on$15,000,000 ~~each~~as ~~day~~ of ~~the~~December 31, ~~period~~2016. ~~commencing on March 16~~Further, ~~2017~~the ~~and~~First ~~ending~~Amendment ~~June 30~~reflected that, ~~2017.~~to ~~The~~the ~~distributions~~extent ~~will~~any beprincipal ~~calculated~~payments ~~based~~are made on ~~365~~the ~~days~~principal inbalance of the ~~calendar~~Key ~~year~~Revolver, ~~and~~including ~~will~~any bemandatory ~~equal to~~prepayment, ~~$0.00164~~at ~~per~~any ~~share~~time ofthat the ~~Class A~~principal ~~common~~balance ~~stock~~of ~~per~~the ~~day.~~Key ~~Distributions~~Revolver ~~for~~exceeds ~~all~~$15,000,000, ~~record~~the ~~dates~~Commitment ofshall abe ~~given~~permanently ~~month~~reduced ~~will~~by bethe ~~paid~~amount ~~approximately~~of ~~three~~such ~~days~~prepayment ~~following~~and ~~month~~the ~~end.~~amount ~~The~~prepaid ~~distributions~~shall ~~will~~not be ~~payable~~available to ~~stockholders~~be ~~from legally available funds therefor~~reborrowed.

~~SIGNATURE~~On April 7, 2017, the scheduled maturity date of the Key Revolver, the Borrowers and KeyBank amended the Key Revolver (the “Second Amendment”) to, among other things, (i) extend the maturity date of the Key Revolver to June 30, 2017, (ii) cap the Commitment at $11,000,000 and (iii) prohibit any additional loans pursuant to the Key Revolver. In connection with the Second Amendment, the Borrowers agreed to pay KeyBank an amendment fee in the amount of $27,500.

~~Pursuant~~The foregoing tosummary of the ~~requirements~~Second ofAmendment ~~the~~does ~~Securities~~not ~~Exchange~~purport ~~Act~~to ofbe ~~1934,~~complete asand ~~amended,~~is qualified in its entirety by reference to the ~~registrant~~Second ~~has~~Amendment, ~~duly~~a ~~caused~~copy ~~this~~of ~~report~~which tois befiled ~~signed~~as ~~on its~~Exhibit ~~behalf~~10.1 byhereto, ~~the~~and ~~undersigned~~is ~~hereunto~~incorporated ~~duly~~herein ~~authorized~~by reference.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information reported in Item 1.01 of this Current Report on Form 8-K regarding the Second Amendment is incorporated herein by reference. The summary of the Second Amendment reported in Item 1.01 does not purport to be complete and is qualified in its entirety by reference to the Second Amendment, a copy of which is filed as Exhibit 10.1 hereto and is incorporated herein by reference.

Item 9.01

Financial Statements and Exhibits.

(d)	Exhibits.



10.1		Second Amendment to Revolving Credit Agreement, by and among Highland Capital Management, L.P. and NexPoint Multifamily Operating Partnership, L.P. as Borrowers and KeyBank, National Association as Lender and Administrative Agent, dated April 7, 2017.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

NexPoint Multifamily Capital Trust, Inc.

Dated: March 22, 2017

/s/ Brian Mitts

Brian Mitts

Chief Financial Officer, Executive Vice President-Finance, Treasurer and Director

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