Company: BHM
Filing Date: 2025-05-09
Form Type: 424B3
Source: 0001104659-25-046667
Chunk: 32

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-05-09
Form: 424B3
Chunk 32
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 Preferred Stock distribution per share amounts include the standard dividend at an annual rate of 6.0% of the Stated Value and any enhanced 
 special dividends.                                                                                                                          |

Deutsche Bank Loan Amendment On April 4, 2025, the Company entered into an amended and restated loan agreement with Deutsche Bank, in which the terms of the loan agreement were amended to convert the prior Amended DB Credit Facility (refer to Note 8 for further information) into a senior loan (the “DB Loan”). As part of the terms, the Company made a $25 million paydown, reducing the outstanding balance of the DB Loan from $85 million to $60 million. The amendment to the DB Loan included removing the revolving borrowing option of the loan, extending the maturity date to October 4, 2027, adjusting the interest rate on the outstanding balance to Term SOFR plus 2.95%, and changes in certain financial and operating covenants.

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Table of Contents

Sale of Indigo Cove and Wayford at Pringle Interests

On
Aprill 11, 2025, the Company’s AFS debt security investments in Indigo Cove and Wayford at Pringle were sold to a joint venture,
with such joint venture including an affiliate of the Manager, for an aggregate amount of $13.4 million. The Company received its outstanding
principal investments in Indigo Cove and Wayford at Pringle of $3.8 million and $7.8 million, respectively, plus accrued interest from
both investments in the aggregate amount of $1.8 million, net of any reimbursements per the terms of the agreement.

Sale of The Cottages at Myrtle Beach Interests

On
April 23, 2025, The Cottages at Myrtle Beach, the underlying asset of a joint venture in which the Company had a preferred equity interest
located in Myrtle Beach, South Carolina, was sold. Upon the sale, the Company’s preferred equity investment was redeemed by the
joint venture for $28.1 million, which included its original preferred investment of $17.9 million, and accrued preferred return and outstanding
amounts of $10.2 million.

Interest in Marble Capital Income and Impact Fund, LP

On
April 25, 2025, the Company closed on the acquisition of a limited partnership interest in Marble Capital Income and Impact Fund, LP (the
“Marble Fund”) for a purchase price of $25.0 million. The Marble Fund