Company: BLNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004793
Chunk: 1303

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 8
Chunk 1303
---
    -

    Board member 
     87 

    92

    Total 
     824 

    92

    Accrued interest 
     67 

    -

    Total notes payable, related parties 
    $891 
     
    $
    92

    F-25

Beeline Holdings, Inc.

Notes to Consolidated Financial Statements

December 31, 2024 and 2023

On December 31, 2024, Nicholas Liuzza, the Chief Executive
Officer, loaned $0.7 million to Beeline Loans in exchange for a demand promissory note, which accrues interest at the rate of 8% per annum
and is payable within 15 days of demand notice made by Mr. Liuzza. The funds were held in a restricted account to permit Beeline Loans
to improve its ability to make real estate loans. Subsequent to December 31, 2024, the promissory note was converted to preferred equity,
see Note 25 – Subsequent Events.

On October 30, 2024, the Company entered into a promissory
note with LDI for $0.3 million. A balloon payment of the entire outstanding principal balance of the indebtedness together with all accrued
interest was due and paid in full on November 24, 2024 of $0.5 million.

In July 2023, the Company issued a note to a private company in
which Joseph Freedman, a Board member of the Company, has an ownership interest. This note was for $0.1 million and accrued interest at
7% per annum and is due on demand. This note was subsequently repaid in January 2025, see Note 25 – Subsequent Events.

On April 1, 2021, Eastside entered into a promissory
note of $0.1 million with Robert Grammen, a former Board member of the Company, bearing interest of 6.0%. The note had an original maturity
of April 2024. Accrued interest was paid in accordance with a monthly amortization schedule. This note was converted or exchanged as part
of the Debt Exchange Agreement on October 7, 2024, further described above in Note 5 - Debt Exchange Agreement.

16. SECURED CREDIT FACILIITES

Secured credit facilities consisted of the following
as of December 31:

SCHEDULE OF SECURED CREDIT FACILITES