Company: BHM
Filing Date: 2025-05-09
Form Type: 424B3
Source: 0001104659-25-046667
Chunk: 15

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-05-09
Form: 424B3
Chunk 15
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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 $4.8 million at a fixed rate of 3.50%, the second credit agreement (“CA2”)                              
 has a balance of $17.0 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 11 for further information. CA1 and CA2 both mature in 2026; CA3 matures in 2028.                                      |

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

| (3) | 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%. |

| (4) | The ILE loan                                                                                                                          
 bears interest at one-month Term SOFR plus 2.85%, subject to a 6.50% rate floor. In March 2025, the one-month Term SOFR in effect for 
 this loan was 4.32%.                                                                                                                  |

| (5) | The Wayford                                                                                                                                
 at Concord loan bears interest at the 30-day average SOFR plus 2.23%. In March 2025, the 30-day average SOFR in effect was 4.35%. SOFR     
 rate is subject to a 2.50% rate cap through April 2027 per the terms of a new rate cap agreement entered into by the Company. Please refer 
 to Note 11 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