Company: BHM
Filing Date: 2025-03-20
Form Type: 424B3
Source: 0001104659-25-026164
Chunk: 209

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-20
Form: 424B3
Chunk 209
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| (1) | ILE’s                                                                                                                                      
 fixed rate debt represents the aggregate debt outstanding across three separate credit agreements. Of the outstanding balance, one credit  
 agreement (“CA1”) has a balance of $5.6 million at a fixed rate of 3.50%, the second credit agreement (“CA2”)                              
 has a balance of $17.6 million at a fixed rate of 3.75%, and the third credit agreement (“CA3”) has a balance of $4.5 million              
 at a fixed rate of 6.00%. CA1 and CA3 each bear interest at a floating rate that is subject to an interest rate swap to effectuate a fixed 
 rate; refer to Note 12 for further information. CA1 and CA2 both mature in 2026; CA3 matures in 2028.                                      |

| (2) | At                                                                                                                                          
 December 31, 2024, the lender waived the minimum debt service coverage ratio covenant under CA2 to remain in compliance with such covenant. |

| (3) | The                                                       
 loan requires monthly payments of principal and interest. |

| (4) | The                                           
 Company sold Navigator Villas in August 2024. |

| (5) | The                                                                                                                                    
 principal balance includes a $9.7 million senior loan at a fixed rate of 4.81% and a $4.3 million supplemental loan at a fixed rate of 
 4.96%.                                                                                                                                 |

| (6) | The                                                                                                                                    
 ILE loan bears interest at one-month Term SOFR plus 2.85%, subject to a 6.50% rate floor. In December 2024, the one-month Term SOFR in 
 effect for this loan was 4.52%.                                                                                                        |

| (7) | The                                                                                                                                   
 Wayford at Concord loan bears interest at the 30-day average SOFR plus 2.23%. In December 2024, the 30-day average SOFR in effect was 
 4.67%. SOFR rate is subject to a 2.50% rate cap through April 2025. Please refer to Note 12 for further information.                  |

Deferred financing costs Costs incurred in obtaining long-term financing are amortized on a straight-line basis to interest expense over the terms of the related financing agreements, as applicable, which approximates the effective interest method. Amortization of deferred financing costs, including the amounts related to the revolving credit facilities, was $1.