Belpointe PREP, LLC Announces All Outstanding Loan Receivables Have Been Repaid In Full And Early
Belpointe PREP, LLC (NYSE: OZ) announced the full repayment of all outstanding loans, including a $30 million related party loan. The Visco Loan of $5 million was repaid on December 6, 2022, while the Norpointe Loan of $30 million was repaid on December 13, 2022. CEO Brandon Lacoff noted that these transactions restored capital for further investments, with over $345 million raised for development projects worth approximately $1.3 billion. The company has filed a registration statement with the SEC for issuing up to $750 million in Class A units.
- Full repayment of all outstanding loans enhances liquidity for further investments.
- Restored capital will facilitate additional acquisitions and higher-yielding prospects.
- Company has raised over $345 million for development projects valued at $1.3 billion.
- None.
GREENWICH, Conn., Dec. 20, 2022 (GLOBE NEWSWIRE) -- Belpointe PREP, LLC (NYSE American: OZ) (“Belpointe OZ” or the “Company”), a publicly traded qualified opportunity fund, announced today that all of its outstanding loans receivables, including a
On February 23, 2022, Belpointe OZ provided a commercial mortgage loan in the principal amount of
On June 28, 2022, Belpointe OZ provided a commercial mortgage loan in the principal amount of
“The Visco Loan made it possible for us to acquire our latest development site in Nashville, Tennessee,” said Brandon Lacoff, Chief Executive Officer of Belpointe OZ, “while the Norpointe Loan enabled us to receive a
About Belpointe OZ
Belpointe OZ is a publicly traded qualified opportunity fund, listed on NYSE American under the symbol “OZ.” To date, Belpointe OZ has raised more than
Belpointe OZ has filed a registration statement (including a prospectus) with the U.S. Securities and Exchange Commission (“SEC”) for the offer and sale of up to
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this press release may be considered forward-looking, such as statements containing estimates, projections and other forward-looking information. Forward-looking statements are typically identified by words and phrases such as “anticipate,” “estimate,” “believe,” “continue,” “could,” “intend,” “may,” “plan,” “potential,” “predict,” “seek,” “should,” “will,” “would,” “expect,” “objective,” “projection,” “forecast,” “goal,” “guidance,” “outlook,” “effort,” “target” or the negative of such words and other comparable terminology. However, the absence of these words does not mean that a statement is not forward-looking. Any forward-looking statements expressing an expectation or belief as to future events is expressed in good faith and believed to be reasonable at the time such forward-looking statement is made. However, these statements are not guarantees of future events and involve risks, uncertainties and other factors beyond our control. Therefore, we caution you against relying on any of these forward-looking statements. Actual outcomes and results may differ materially from what is expressed in any forward-looking statement. Except as required by applicable law, including federal securities laws, we do not intend to update any of the forward-looking statements to conform them to actual results or revised expectations.
Investor and Media Relations Contact:
Cody H. Laidlaw
Belpointe PREP, LLC
255 Glenville Road
Greenwich, Connecticut 06831
IR@belpointeoz.com
203-883-1944
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