Company: BHM
Filing Date: 2025-08-13
Form Type: 424B3
Source: 0001104659-25-077615
Chunk: 81

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-08-13
Form: 424B3
Chunk 81
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 off in full, including any accrued but unpaid interest amounts, in February 
 and May 2025, respectively. Refer to the Loan Investment Summary disclosure below for further information.                                   |

16

Table of Contents

Allowance for Credit Losses The allowance for credit losses of the Company’s loan investments at June 30, 2025 and December 31, 2024 are summarized in the table below (amounts in thousands):

| ​                                                 
 ​                                                 | ​ 
 ​ 
 ​ | ​    
 2025 |        ​ 
 June 30, | ​ 
 ​ | ​    
 2024 |            ​ 
 December 31, |
|:--------------------------------------------------|:--|:-----|---------:|:--|:-----|-------------:|
| Beginning balances, net as of January 1, 2025 and 
 2024, respectively                                | ​ | $    |      103 | ​ | $    |           16 |
| (Recovery of) provision for credit losses on pool 
 of assets, net (1)                                | ​ | ​    |     -103 | ​ | ​    |           87 |
| Allowance for credit losses, net, end of period   | ​ | $    |        — | ​ | $    |          103 |

| (1) | Under CECL,                                                                                                                                  
 a provision for, or recovery of, credit losses for similar assets is calculated based on a historical default rate applied to the remaining  
 life of the assets. The recovery of credit losses during the period ended June 30, 2025 was attributable to the removal of the two remaining 
 investments from the pool of assets.                                                                                                         |

Following is a summary of the interest income from loan investments for the three and six months ended June 30, 2025 and 2024 (amounts in thousands):

| ​                            | ​ | ​            |    ​ | ​ | ​ |    ​ | ​ | ​            |    ​ | ​ |    ​ |     ​ |
| ​                            |   | Three        
 Months Ended |      |   |   |      | ​ | Six          
 Months Ended |      |   |      |       |
| ​                            | ​ | June 30,     |      |   |   |      | ​ | June         
 30,          |      |   |      |       |
| Investment Name              | ​ | ​            | 2025 |   | ​ | 2024 |   | ​