{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-005955","form_type":"8-K","ticker":"OZ","cik":"0001807046","company_name":"Belpointe PREP, LLC","filed_at":"2024-02-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.608213+00:00","generated_at":"2026-06-06T03:36:04.785187+00:00","sec_items":["1.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Belpointe PREP subsidiary enters $56.3M mezzanine loan at 13% for 1991 Main project","bullets":["Indirect majority-owned subsidiary borrowed up to $56.3M from Southern Realty Trust Holdings at 13% per annum.","Loan secured by investment in 1991 Main Street, Sarasota, FL; matures May 12, 2027 with one-year extension option.","Company provided debt service, completion, and carveout guarantees; financial covenants require liquid assets >= $20M and net worth >= $130M.","Loan proceeds used for development costs and to reimburse previously incurred expenses for 1991 Main.","Second modification agreement with Bank OZK (existing $130M mortgage lender) consented to the mezzanine loan."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-005955","json":"https://secwatch.observer/filing/0001493152-24-005955.json","markdown":"https://secwatch.observer/filing/0001493152-24-005955.md","text":"https://secwatch.observer/filing/0001493152-24-005955.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1807046/000149315224005955/0001493152-24-005955-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1807046/000149315224005955/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T03:36:04.785187+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"50ee5c46ac777d56257bf1b7c18e4a7a8c06808d","claim":"Belpointe PREP, LLC entered into Mezzanine Loan Agreement with Southern Realty Trust Holdings, LLC valued at up to $56.3 million (effective 2024-01-31).","evidence_excerpt":"On January 31, 2024, an indirect majority-owned subsidiary (the “Borrower”) of Belpointe PREP, LLC (the “Company” “we,” “us” or “our”) entered into a mezzanine loan agreement (the “Mezzanine Loan Agreement”) with Southern Realty Trust Holdings, LLC (the “Lender”), for up to $56.3 million in principal amount (the “Mezzanine Loan”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1807046/000149315224005955/0001493152-24-005955-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Southern Realty Trust Holdings, LLC"},{"label":"Value","value":"up to $56.3 million"},{"label":"Effective","value":"2024-01-31"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}