Belpointe PREP subsidiary makes $5M convertible loan to fund Darien, CT property acquisition

Belpointe PREP, LLC

BPOZ Tokeneke loaned $5M at 3.6% interest to 100 Tokeneke Road, LLC; convertible at $14.50/unit into Class A units of parent holding company.
Related party (owned by CEO's immediate family) made separate $3.25M loan to same entity; $625K mandatory conversion gave 50% ownership of holding company.
Both loans due March 3, 2026 (same day as execution); proceeds used to purchase property at 100 Tokeneke Road, Darien, CT.
Transactions approved by Conflicts Committee of Board of Directors under Related Person Transaction policy.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Belpointe PREP, LLC entered into BPOZ Tokeneke Note with 100 Tokeneke Road, LLC valued at $5,000,000 (effective 2026-03-03).

Action: entry
Agreement: credit facility
Counterparty: 100 Tokeneke Road, LLC
Value: $5,000,000
Effective: 2026-03-03

Exact text from the filing

On March 3, 2026, Belpointe PREP, LLC (“we,” “us,” “our” or the “Company”), through our indirect wholly-owned subsidiary BPOZ 100 Tokeneke Holding, LLC, a Connecticut limited liability company (“BPOZ Tokeneke”), made a loan (the “BPOZ Tokeneke Loan”) in the principal amount of $5,000,000, evidenced by a convertible promissory note (the “BPOZ Tokeneke Note”), to 100 Tokeneke Road, LLC, a Connecticut limited liability company (“Tokeneke Road”).

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Belpointe PREP, LLC filing history →

Source: SEC EDGAR

accession 0001493152-26-009390

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