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.
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