secwatch.observer — SEC 8-K summary
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Issuer:     Belpointe PREP, LLC (OZ)
CIK:        0001807046
Form:       8-K
Filed at:   2025-10-03T23:59:59+00:00
Accession:  0001493152-25-016912
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Belpointe PREP enters $163.3M mortgage and $40.8M mezzanine loans for Sarasota project
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- Mortgage loan up to $163.3M; initial advance $138.3M; SOFR + 1.5% interest.
- $114.1M of mortgage used to refinance existing construction loan with Bank OZK.
- Mezzanine loan up to $40.8M; SOFR + 6.75% interest; $34.6M plus $17.1M from mortgage to refinance Southern Realty Trust Holdings mezzanine.
- Both loans mature Oct 11, 2027, with two one-year extension options.
- Proceeds also for leasing non-residential space, capital expenditures, and debt service.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1807046/000149315225016912/0001493152-25-016912-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1807046/000149315225016912/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-016912

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer