Belpointe PREP Receives Full Repayment of $5 Million Tokeneke Loan
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Belpointe PREP's subsidiary received full repayment of its $5 million convertible loan to 100 Tokeneke Road on October 22, 2026, ending the note and the associated conversion right. The borrower paid $5,114,904.11, including $114,904.11 in accrued interest, with the lender's written consent. The loan was repaid before its March 3, 2028 maturity, and no early termination penalties were incurred.
Agreement details:
- Agreement terminated: Convertible promissory note and loan
- Counterparty: 100 Tokeneke Road
- Original agreement date: Mar 03 2026
- Termination date: Oct 22 2026
- Termination type: Early
- Reason: Full repayment of principal and accrued interest
Original SEC Filing: Belpointe PREP, LLC [ OZ ] - 8-K - Oct. 23, 2026
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