Loan Modification Agreement for 900 8th Land Loan

Belpointe PREP, LLC, along with certain affiliates, has entered into a loan modification agreement with KHRE SMA Funding, LLC. This agreement pertains to the fixed-rate loan secured by the property at 900 8th Avenue South, Nashville, Tennessee. The key amendment is the extension of the loan's maturity date from July 2, 2026, to July 2, 2027. As part of this modification, 900 Eighth, LP made a payment of approximately $2.4 million, which included $1.5 million towards principal paydown and about $0.9 million for prepaid interest and fees. Consequently, the outstanding principal balance of the 900 8th Land Loan is now $8.5 million.