Company: BHM
Filing Date: 2025-05-09
Form Type: 424B3
Source: 0001104659-25-046667
Chunk: 16

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-05-09
Form: 424B3
Chunk 16
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 the loans.

18

Table of Contents

Loss on Extinguishment of Debt and Debt Modification Costs Upon repayment of or in conjunction with a material change (i.e., a 10% or greater difference in the cash flows between instruments) in the terms of an underlying debt agreement, the Company writes-off any unamortized deferred financing costs and fair market value adjustments related to the original debt that was extinguished. Prepayment penalties incurred on the early repayment of debt and costs incurred in a debt modification that are not capitalized would also be included within loss on extinguishment of debt and debt modification costs on the consolidated statements of operations and comprehensive income. The Company had a negligible amount of loss on extinguishment of debt and no debt modification costs during the three months ended March 31, 2025. The Company had no loss on extinguishment of debt or debt modification costs during the three months ended March 31, 2024. Debt maturities At March 31, 2025, contractual principal payments of the Company’s borrowings, including its revolving credit facilities (refer to Note 8 for further information), for the five subsequent years and thereafter are as follows (amounts in thousands):

| ​                                           
 Year                                        | ​ | ​     
 Total |       ​ |
|:--------------------------------------------|:--|:------|--------:|
| 2025 (April 1 – December 31)                | ​ | $     |  86,417 |
| 2026                                        | ​ |       |  35,415 |
| 2027                                        | ​ |       |  24,107 |
| 2028                                        | ​ |       |   5,702 |
| 2029                                        | ​ |       |  80,450 |
| Thereafter                                  | ​ |       | 111,816 |
| ​                                           | ​ | $     | 343,907 |
| Add: Unamortized fair value debt adjustment | ​ |       |  -2,319 |
| Subtract: Deferred financing costs, net     | ​ |       |  -5,131 |
| Total                                       | ​ | $     | 336,457 |

The net book value of real estate assets providing collateral for these above borrowings was $588.0 million at March 31, 2025. The mortgage loans encumbering the Company’s properties are nonrecourse, subject to certain exceptions for which the Company would be liable for any resulting losses incurred by the lender.