900 Eighth, LP, an indirect majority-owned subsidiary of Belpointe PREP LLC, has successfully negotiated an extension of its $10 million loan with KHRE SMA Funding, LLC. Originally set to mature on June 26, 2025, the loan's maturity date has now been pushed to January 2, 2026, after the Borrower exercised the first of two available six-month extension options. The loan, backed by a 3.2-acre property at 900 8th Avenue South in Nashville, Tennessee, maintains a fixed interest rate of 9.50% per annum. The terms of the loan, other than the extended maturity date, remain unchanged. Belpointe PREP LLC has reaffirmed its commitment to the loan's guaranty agreements in line with this extension.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Belpointe PREP LLC published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-017157), on June 30, 2025, and is solely responsible for the information contained therein.