---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-026395"
form_type: "8-K"
ticker: "OZ"
cik: "0001807046"
company_name: "Belpointe PREP, LLC"
filed_at: "2024-07-05T23:59:59+00:00"
generated_at: "2026-05-31T23:23:01.027587+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Belpointe subsidiary secures $104M construction loan for Viv project in St. Pete

## Summary
- Loan up to $104M with interest at 3.8% + 1-month SOFR, secured by first-lien mortgage on Viv property.
- Initial maturity June 28, 2027; two one-year extension options available.
- Proceeds fund continued development and leasing costs of Viv at 1000 1st Avenue North, St. Petersburg.
- Company provided debt service, completion, and non-recourse carveout guarantees to lenders.
- Covenants require net worth ≥$110M and liquidity ≥$10M during loan term.

## SEC filing metadata
- accession: 0001493152-24-026395
- form_type: 8-K
- ticker: OZ
- cik: 0001807046
- company_name: Belpointe PREP, LLC
- filed_at: 2024-07-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1807046/000149315224026395/0001493152-24-026395-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1807046/000149315224026395/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-026395
- JSON: https://secwatch.observer/filing/0001493152-24-026395.json
- Plain text: https://secwatch.observer/filing/0001493152-24-026395.txt

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