---
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"
generated_at: "2026-06-06T03:36:04.785187+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Belpointe PREP subsidiary enters $56.3M mezzanine loan at 13% for 1991 Main project

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-005955
- JSON: https://secwatch.observer/filing/0001493152-24-005955.json
- Plain text: https://secwatch.observer/filing/0001493152-24-005955.txt

## Key facts
- Material Agreements
  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).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Southern Realty Trust Holdings, LLC
  - Value: up to $56.3 million
  - Effective: 2024-01-31
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1807046/000149315224005955/0001493152-24-005955-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.