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Belpointe PREP ( (OZ) ) has issued an update.
On June 26, 2024, 900 Eighth, LP, a subsidiary of Belpointe PREP, secured a $10 million loan from KHRE SMA Funding, LLC, with a 9.50% interest rate, originally maturing on June 26, 2025. On June 24, 2025, the subsidiary exercised an extension option, moving the maturity date to January 2, 2026, while maintaining the original loan terms, ensuring continued financial stability and operational flexibility for the company.
More about Belpointe PREP
Belpointe PREP, LLC operates in the real estate industry, focusing on property acquisition and development. The company is involved in securing loans for real estate projects, such as land assemblages, to enhance its market positioning.
Average Trading Volume: 7,802
Technical Sentiment Signal: Sell
Current Market Cap: $246.6M
Learn more about OZ stock on TipRanks’ Stock Analysis page.