Company: BHM
Filing Date: 2025-03-20
Form Type: 424B3
Source: 0001104659-25-026164
Chunk: 201

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-20
Form: 424B3
Chunk 201
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 ​ | $ |   16 | ​ | $ |    — |
| Provision for credit losses on pool   
 of assets (1)                         | ​ |   |   87 | ​ |   |   16 |
| Allowance for credit losses, end of   
 period                                | ​ | $ |  103 | ​ | $ |   16 |

| (1) | Under                                                                                                                                   
 CECL, a provision for, or recovery of, credit losses for similar assets is calculated based on a historical default rate applied to the 
 remaining life of the assets. The provision for credit losses during the year ended December 31, 2024 was attributable to the addition  
 of one investment to the pool of assets (which was only partially offset by the removal of one investment from the pool of assets) and  
 an increase in the trailing twelve-month historical default rate.                                                                       |

Following is a summary of the interest income from loan investments for the years ended December 31, 2024 and 2023 (amounts in thousands):

| ​                            | ​          
 Investment 
 Name       | ​ |     ​ 
  2024 | ​ | ​ |    ​ 
 2023 |
|:-----------------------------|:-----------|:--|------:|:--|:--|-----:|
| The Woods at Forest Hill (1) | ​          | $ |   254 | ​ | $ |    7 |
| Wayford at Pringle           | ​          |   |   849 | ​ |   |    — |
| Willow Park                  | ​          |   |   527 | ​ |   |   87 |
| Total                        | ​          | $ | 1,630 | ​ | $ |   94 |

| (1) | In                                                                                                                                     
 August 2024, the Company’s loan investment in The Woods at Forest Hill was paid off in full, including any accrued but unpaid interest 
 amounts. Refer to Loan Investment Summary disclosure below for further information.                                                    |

F-21

Table of Contents

Loan Investment Summary During the year ended December 31, 2024, the Company entered into an agreement to provide a loan in the maximum aggregate amount of $22.3 million (the “Pringle Loan”) to an unaffiliated, third-party borrower for 102 build-to-rent, single-family residential units in Charlotte, North Carolina known as Wayford at Pringle. The Pringle Loan had been fully funded as of December