{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-009390","form_type":"8-K","ticker":"OZ","cik":"0001807046","company_name":"Belpointe PREP, LLC","filed_at":"2026-03-09T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.250346+00:00","generated_at":"2026-05-15T18:06:29.102015+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Belpointe PREP subsidiary makes $5M convertible loan to fund Darien, CT property acquisition","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-009390","json":"https://secwatch.observer/filing/0001493152-26-009390.json","markdown":"https://secwatch.observer/filing/0001493152-26-009390.md","text":"https://secwatch.observer/filing/0001493152-26-009390.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1807046/000149315226009390/0001493152-26-009390-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1807046/000149315226009390/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T18:06:29.102015+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":"e2adda716cecded42280770107e0d1269c55ef5e","claim":"Belpointe PREP, LLC entered into BPOZ Tokeneke Note with 100 Tokeneke Road, LLC valued at $5,000,000 (effective 2026-03-03).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1807046/000149315226009390/0001493152-26-009390-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"100 Tokeneke Road, LLC"},{"label":"Value","value":"$5,000,000"},{"label":"Effective","value":"2026-03-03"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}