Belpointe PREP makes $5M convertible loan for Darien property; related party also lends $3.25M

Belpointe PREP, LLC

Indirect subsidiary BPOZ Tokeneke made $5M loan to 100 Tokeneke Road, LLC at 3.6% interest, due March 3, 2028.
Loan convertible into Class A units of Tokeneke Partners at $14.50 per unit, at BPOZ Tokeneke's sole discretion.
Related party (CEO family entity) made separate $3.25M loan; $625K mandatory conversion made it 50% owner of Tokeneke Partners.
Proceeds used by borrower to purchase real property at 100 Tokeneke Road, Darien, CT.
Conflicts Committee of Board reviewed and approved all transactions.

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: notes offering
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 0001493152-26-009416

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