UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT
REPORT
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Item 8.01 Other Event
On December 16, 2022, Belpointe PREP, LLC (the “Company”) issued a press release announcing announced that all of its outstanding loans receivables, including a $30.0 million related party loan, have been repaid in full. On February 23, 2022, Belpointe OZ provided a commercial mortgage loan in the principal amount of $5.0 million (the “Visco Loan”) to Visco Propco, LLC (“Visco”). The Visco Loan was evidenced by a promissory note bearing interest at an annual rate of 6.0%, due and payable on February 18, 2023, and was secured by a first lien deed of trust on certain real property. Visco repaid the Visco Loan in full on December 6, 2022. A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1.
Item 9.01 Exhibits
Exhibit Number | Description | |
99.1 | Press Release, dated December 16, 2022. | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: December 20, 2022
BELPOINTE PREP, LLC | ||
By: | /s/ Brandon E. Lacoff | |
Brandon E. Lacoff | ||
Chairman of the Board and Chief Executive Officer |