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Belpointe PREP (OZ) extends Nashville 900 8th land loan and pays $2.4M

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Belpointe PREP, LLC entered into a Loan Modification Agreement on June 10, 2026 for its fixed-rate loan secured by 900 8th Avenue South in Nashville, Tennessee. The agreement extends the loan’s maturity date from July 2, 2026 to July 2, 2027, giving the company an additional year before repayment is due.

In connection with the modification, 900 Eighth, LP and certain affiliates paid the lender about $2.4 million, including $1.5 million of principal paydown and roughly $0.9 million of prepaid interest and fees. After this payment, the principal balance on the 900 8th Land Loan is $8.5 million, clarifying the remaining debt tied to this property.

Positive

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Negative

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Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Loan maturity extension July 2, 2027 New maturity date for 900 8th Land Loan (from July 2, 2026)
Total payment on modification $2.4 million Paid by 900 Eighth and affiliates to lender on June 10, 2026
Principal paydown $1.5 million Portion of modification payment reducing 900 8th Land Loan principal
Prepaid interest and fees $0.9 million Portion of modification payment for interest and fees
Remaining principal balance $8.5 million Principal on 900 8th Land Loan after modification
Loan Modification Agreement financial
"entered into a loan modification agreement (the “Loan Modification Agreement”) with KHRE SMA Funding, LLC"
fixed-rate loan financial
"with respect to the fixed-rate loan secured by 900 8th Avenue South, Nashville, Tennessee"
maturity date financial
"extends the maturity date of the 900 8th Land Loan from July 2, 2026 to July 2, 2027"
The maturity date is the specific day when a loan, bond, or investment reaches its full term and the borrower must repay the borrowed amount in full. It is important for investors because it indicates when they will receive their initial money back and can plan their future financial steps accordingly. Think of it as the due date for a loan or the day a gift card or coupon expires.
principal paydown financial
"consisting of $1.5 million in principal paydown and approximately $0.9 million in prepaid interest and fees"
prepaid interest financial
"consisting of $1.5 million in principal paydown and approximately $0.9 million in prepaid interest and fees"
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): June 15, 2026 (June 10, 2026)

 

Belpointe PREP, LLC

(Exact name of registrant as specified in its charter)

 

Delaware   001-40911   84-4412083
(State or other jurisdiction
of incorporation)		   (Commission
File Number)		  

(I.R.S. Employer

Identification No.)

 

255 Glenville Road, Greenwich, Connecticut 06831

 

(Address of principal executive offices) (Zip Code)

 

(203) 883-1944

(Registrant’s telephone number, including area code)

 

Not Applicable

(Former name or former address, if changed since last report)

 

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Class A units   OZ   NYSE American

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☒

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

 

Item 8.01 Other Events.

 

On June 10, 2026, Belpointe PREP, LLC (the “Company”), 900 Eighth, LP (“900 Eighth”), and certain other affiliates of the Company entered into a loan modification agreement (the “Loan Modification Agreement”) with KHRE SMA Funding, LLC (the “Lender”) with respect to the fixed-rate loan secured by 900 8th Avenue South, Nashville, Tennessee (the “900 8th Land Loan”). The Loan Modification Agreement extends the maturity date of the 900 8th Land Loan from July 2, 2026 to July 2, 2027. In connection with the Loan Modification Agreement, 900 Eighth paid the Lender approximately $2.4 million, consisting of $1.5 million in principal paydown and approximately $0.9 million in prepaid interest and fees. Following the Loan Modification Agreement, the principal balance of the 900 8th Land Loan is $8.5 million.

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: June 15, 2026

 

  BELPOINTE PREP, LLC
     
  By: /s/ Brandon E. Lacoff
    Brandon E. Lacoff
    Chairman of the Board and Chief Executive Officer

 

 

 

 

Source: View Original Filing on SEC EDGAR

FAQ

What loan change did Belpointe PREP (OZ) disclose in this 8-K?

Belpointe PREP disclosed a Loan Modification Agreement for its fixed-rate loan secured by 900 8th Avenue South in Nashville, Tennessee. The change focuses on extending the maturity date and adjusting principal, interest, and fee payments with the existing lender.

How did the loan maturity change for Belpointe PREP’s 900 8th Land Loan?

The maturity date of the 900 8th Land Loan was extended from July 2, 2026 to July 2, 2027. This gives Belpointe PREP an additional year before the loan comes due, providing more time to manage or refinance the property-related debt.

How much did Belpointe PREP and affiliates pay in connection with the loan modification?

In connection with the Loan Modification Agreement, 900 Eighth, LP and affiliates paid approximately $2.4 million to the lender. This consisted of a $1.5 million principal paydown and about $0.9 million in prepaid interest and fees tied to the modified loan terms.

What is the remaining principal on Belpointe PREP’s 900 8th Land Loan?

Following the Loan Modification Agreement and related payment, the principal balance of the 900 8th Land Loan is $8.5 million. This figure represents the remaining loan amount secured by 900 8th Avenue South in Nashville after the principal reduction.

Who is the lender on Belpointe PREP’s modified 900 8th Land Loan?

The lender on the modified 900 8th Land Loan is KHRE SMA Funding, LLC. Belpointe PREP, 900 Eighth, LP, and certain other affiliates entered into the Loan Modification Agreement with this lender covering the Nashville property’s fixed-rate financing.

Which Belpointe PREP affiliates are party to the 900 8th loan modification?

The parties to the Loan Modification Agreement are Belpointe PREP, LLC, 900 Eighth, LP, and certain other affiliates of the company. Together they modified the fixed-rate land loan secured by 900 8th Avenue South in Nashville, Tennessee with their existing lender.

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