other material
confidence high
sentiment neutral
materiality 0.60
Belpointe PREP announces all outstanding loans repaid, including $30M related party loan repaid early
Belpointe PREP, LLC
- Visco Loan ($5M, 6% rate, due Feb 2023) repaid in full on Dec 6, 2022.
- Norpointe Loan ($30M, 5% rate, due June 2023) to CEO affiliate repaid in full on Dec 13, 2022.
- Cash now available for additional acquisitions or higher-yielding investments.
- CEO Brandon Lacoff cited flexibility from having cash back on the books.