Company: BHM
Filing Date: 2025-08-13
Form Type: 424B3
Source: 0001104659-25-077615
Chunk: 86

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-08-13
Form: 424B3
Chunk 86
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 operating covenants, including minimum liquidity and minimum debt service coverage.                                  |

| (2) | The loan                                             
 requires monthly payments of principal and interest. |

| (3) | The principal                                                                                                                       
 balance includes a $9.6 million senior loan at a fixed rate of 4.81% and a $4.3 million supplemental loan at a fixed rate of 4.96%. |

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| (4) | The Deutsche                                                                                                                                
 Bank loan (“DB Loan”) bears interest at one-month Term SOFR plus 2.95%. In June 2025, the one-month Term SOFR in effect was                 
 4.32%. The Term SOFR rate is subject to a 2.50% rate cap through April 2026; refer to Note 13 for further information. The DB Loan contains 
 certain financial and operating covenants, including maximum leverage, minimum debt yield and minimum debt service coverage.                |

| (5) | The ILE loan                                                                                                                            
 bears interest at one-month Term SOFR plus 2.85%, subject to a 6.50% rate floor, and contains a minimum debt service coverage covenant. |

| (6) | The Wayford                                                                                                                           
 at Concord loan bears interest at the 30-day average SOFR plus 2.23%. In June 2025, the 30-day average SOFR in effect was 4.31%. SOFR 
 rate is subject to a 2.50% rate cap through April 2027; refer to Note 13 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. Fair value adjustments of debt The Company records a fair value adjustment based upon the fair value of the loans on the date they were assumed in conjunction with acquisitions. The fair value adjustments are being amortized to interest expense over the remaining life of the loans. 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