Company: BLNE
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011724
Chunk: 150

Company: Beeline Holdings, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 2
Chunk 150
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 Title Agency, LLC (“Beeline
Title Agency”). Beeline Mortgage Holdings has one subsidiary, Beeline Loans, Inc. (“Beeline Loans”).

The
Company has two majority-owned subsidiaries, Nimble Title Holdings, Inc. (“Nimble Title Holdings”) and Bridgetown Spirits.
Nimble Title Holdings is 50.1% owned by the Company and 49.9% owned by a former non-controlling shareholder of Beeline Financial. Bridgetown
Spirits is 53% owned by the Company.

Nimble
Title Holdings has four subsidiaries, Nimble Title, LLC (“Nimble Title”), Nimble Title Agency, LLC (“Nimble Title Agency”),
Nimble Texas Title, LLC (“Nimble Texas Title”), and Nimble Settlement Services, LLC (“Nimble Settlement Services”).

The
discussion which follows should be read in conjunction with the consolidated financial statements and notes to the consolidated financial
statements contained in this Report.

Our
Business

Beeline
Financial is a full service direct-to-consumer lender specializing in conventional conforming and non-conforming residential first-lien
mortgages and providing title services. Beeline Financial also has an emerging business in anonymized data sales and technology licensing.

Bridgetown
Spirits manufactures (through sub-contractors), acquires, blends, bottles, imports, markets and sells a wide variety of alcoholic beverages
under recognized brands. Bridgetown Spirits’ brands span several alcoholic beverage categories, including whiskey, vodka, rum,
and tequila. Bridgetown Spirits sells products on a wholesale basis to distributors in open states and through brokers in control states.

Beeline
Financial

Beeline
Financial’s performance is influenced by several key factors, including fluctuations in interest rates, economic conditions, housing
supply, technological advancements, and its ability to acquire and retain customers. Interest rate changes have a direct impact on mortgage
loan refinancing and overall mortgage loan volume. In a declining interest rate environment, refinancing activity typically increases,
whereas rising interest rates tend to reduce refinancing and home purchase transactions. However, higher rates can also drive demand
for cash-out refinancings and home equity loans. Following a prolonged period of historically low rates, interest rates began to rise
in April 2021 due to inflation, increases in the federal funds rate, and other monetary policies. This upward trend, which continued
through 2023, significantly reduced mortgage market activity and the pool of borrowers who could benefit