Material Event (Form 8-K)

Item 8.01 Other Events.

On June 10, 2026, Belpointe PREP, LLC (the "Company"), 900 Eighth, LP ("900 Eighth"), and certain other affiliates of the Company entered into a loan modification agreement (the "Loan Modification Agreement") with KHRE SMA Funding, LLC (the "Lender") with respect to the fixed-rate loan secured by 900 8th Avenue South, Nashville, Tennessee (the "900 8th Land Loan"). The Loan Modification Agreement extends the maturity date of the 900 8th Land Loan from July 2, 2026 to July 2, 2027. In connection with the Loan Modification Agreement, 900 Eighth paid the Lender approximately $2.4 million, consisting of $1.5 million in principal paydown and approximately $0.9 million in prepaid interest and fees. Following the Loan Modification Agreement, the principal balance of the 900 8th Land Loan is $8.5 million.