Business Context and Reporting Period
This Form 8-K filing by Belpointe PREP, LLC covers the period ending June 15, 2026, reporting on an event that occurred on June 10, 2026. The Company, an emerging growth company with Class A units trading on NYSE American under the symbol "OZ," operates in the real estate sector.
Key Financial Metrics
The filing details a specific debt transaction regarding the "900 8th Land Loan" secured by property at 900 8th Avenue South, Nashville, Tennessee. No comprehensive revenue, profit, or cash flow statements are provided in this current report.
- Loan Paydown: Approximately $1.5 million in principal.
- Prepaid Interest and Fees: Approximately $0.9 million.
- Total Payment to Lender: Approximately $2.4 million.
- Remaining Principal Balance: $8.5 million.
Material Changes
The primary material change is the execution of a Loan Modification Agreement with KHRE SMA Funding, LLC. This agreement extends the maturity date of the 900 8th Land Loan from July 2, 2026, to July 2, 2027. This extension was contingent upon the partial repayment of the loan described above.
Outlook, Risks, and Management Commentary
Management commentary is limited to the factual description of the loan modification. The extension of the loan maturity date suggests a strategic move to manage liquidity and avoid immediate refinancing or default risks associated with the original July 2026 maturity. The filing does not provide forward-looking guidance, updated risk factors, or details on other contingencies beyond this specific loan event.
Investor Verification Checklist
- Verify the impact of the $2.4 million cash outflow on the Company's current liquidity position.
- Confirm the terms of the extended loan, including the interest rate and any new covenants attached to the July 2027 maturity.
- Review the Company's broader debt schedule to assess if other loans face similar maturity pressures in the near term.
- Check subsequent filings for any changes in the status of the 900 8th Avenue South property development.