<a href="https://laohu8.com/S/OZ">Belpointe PREP LLC</a> Secures $204 Million Financing for Sarasota Development with New Mortgage and Mezzanine Loan Agreements
**Belpointe PREP LLC Secures Over $200 Million in New Financing for Sarasota Project** Belpointe PREP LLC announced that its indirect subsidiaries have entered into significant new financing agreements totaling up to $204.1 million to support its Aster & Links development project at 1991 Main Street in Sarasota, Florida. On September 29, 2025, BPOZ 1991 Main, LLC secured a variable-rate mortgage loan agreement with SM Finance III LLC for up to $163.3 million, while BP Mezz 1991 Main, LLC entered into a mezzanine loan agreement for up to $40.8 million with the same lender. Proceeds from the initial funding were used to refinance existing loans, including a variable-rate construction loan with Bank OZK and a mezzanine loan with Southern Realty Trust Holdings, LLC. The new mortgage and mezzanine loans both carry initial maturity dates of October 11, 2027, with options for two one-year extensions. Interest on the mortgage loan is set at Term SOFR plus 1.5%, while the mezzanine loan will bear interest at Term SOFR plus 6.75%. Remaining funds will be used for leasing, capital expenditures, and other project costs. Belpointe PREP LLC plans to file the full loan agreements as exhibits in its upcoming quarterly report.
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