Company: BLNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004793
Chunk: 43

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 43
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 page 20. Our debt obligations could materially and adversely impact us. For example, these obligations could:

    ●
    require us to use a large portion of our cash to pay principal and interest on debt, which will reduce the amount of cash flow available to fund mortgage loan originations, working capital and other expenditures, and other business activities;

    ●
    result in certain of our debt instruments being accelerated to be immediately due and payable or being deemed to be in default if certain terms of default are triggered, such as applicable cross-default and/or cross-acceleration provisions;

    ●
    limit our future ability to raise funds for working capital, mortgage loans, strategic acquisitions or business opportunities, and other general corporate requirements;

    ●
    restrict our ability to incur specified indebtedness, create or incur certain liens;

    ●
    increase our vulnerability to adverse economic and industry conditions; and

    ●
    increase our exposure to interest rate risk from variable rate indebtedness.

Our ability to comply with the
terms and conditions of our debt may be affected by events beyond our control, and if we are unable to meet or maintain the necessary
covenant requirements or satisfy, or obtain waivers for, the covenants, we may lose the ability to borrow under all of our debt facilities,
which could materially and adversely affect our business.

If we are unable to access or utilize
the warehouse lines of credit in the future, we will be unable to fund loans and thus continue its business operations as a lender and
would need to act as a broker on all loans it originates or completely discontinue operations. If we originate loans ineligible for warehouse
funding or experience increases in buybacks, our loan advance rates may be negatively impacted which may present a liquidity risk.

Our ability to meet its payment
obligations depends on our ability to generate significant cash flows or obtain external financing in the future. This ability, to some
extent, is subject to market, economic, financial, competitive, legislative and regulatory factors as well as other factors that are beyond
our control. There can be no assurance that our business will generate cash flow from operations, or that additional capital will be available
to us, in amounts sufficient to enable us to meet our debt payment obligations and to fund other liquidity needs.

28

Risks Related to Beeline’s Mortgage Lending
Products, Technology, and Intellectual Property

Beeline’s mortgage lending
business relies on technology infrastructure, which exposes us to cybersecurity and technology infrastructure risks.

Our mortgage lending