---
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"
generated_at: "2026-05-15T18:06:29.102015+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-009390
- JSON: https://secwatch.observer/filing/0001493152-26-009390.json
- Plain text: https://secwatch.observer/filing/0001493152-26-009390.txt

## Key facts
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1807046/000149315226009390/0001493152-26-009390-index.htm

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