Financing ·
Belpointe PREP, LLC, 900 Eighth, LP, and affiliates entered into a loan modification agreement with KHRE SMA Funding…
OZBelpointe PREP, LLC
Belpointe PREP, LLC, 900 Eighth, LP, and affiliates entered into a loan modification agreement with KHRE SMA Funding, LLC regarding a fixed-rate loan secured by property in Nashville, Tennessee. The agreement extends the maturity date of the 900 8th Land Loan from July 2, 2026, to July 2, 2027. As part of this modification, 900 Eighth paid approximately $2.4 million, comprising $1.5 million in principal paydown and $0.9 million in prepaid interest and fees. The remaining principal balance of the loan is $8.5 million. Belpointe PREP, LLC is a real estate investment company.