---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-009416"
form_type: "8-K/A"
ticker: "OZ"
cik: "0001807046"
company_name: "Belpointe PREP, LLC"
filed_at: "2026-03-10T23:59:59+00:00"
generated_at: "2026-05-15T16:54:05.453789+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-26-009416
- form_type: 8-K/A
- ticker: OZ
- cik: 0001807046
- company_name: Belpointe PREP, LLC
- filed_at: 2026-03-10T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1807046/000149315226009416/0001493152-26-009416-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1807046/000149315226009416/form8-ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-009416
- JSON: https://secwatch.observer/filing/0001493152-26-009416.json
- Plain text: https://secwatch.observer/filing/0001493152-26-009416.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: notes offering
  - 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/1807046/000149315226009416/0001493152-26-009416-index.htm

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