Company: BHM
Filing Date: 2025-07-08
Form Type: DRS
Source: 0001104659-25-066400
Chunk: 144

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-07-08
Form: DRS
Chunk 144
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 Credit
Facility. At March 31, 2025, the KeyBank Credit Facility had no outstanding balance. At March 31, 2025, our estimated future
required payments on these obligations were as follows (amounts in thousands):

|                                                                                     |     | Total |         |     | 2025 |        |     | 2026-2027 |        |     | 2028-2029 |         |     | Thereafter |         |
|:------------------------------------------------------------------------------------|:----|:------|--------:|:----|:-----|-------:|:----|:----------|-------:|:----|:----------|--------:|:----|:-----------|--------:|
| Mortgages Payable (Principal)                                                       |     | $     | 258,907 |     | $    |  1,417 |     | $         | 59,522 |     | $         |  86,152 |     | $          | 111,816 |
| Amended DB Credit Facility                                                          |     |       |  85,000 |     |      | 85,000 |     |           |      — |     |           |       — |     |            |       — |
| Estimated Interest Payments on Mortgages Payable and the Amended DB Credit Facility |     |       |  67,943 |     |      | 10,393 |     |           | 24,845 |     |           |  18,846 |     |            |  13,859 |
| Total                                                                               |     | $     | 411,850 |     | $    | 96,810 |     | $         | 84,367 |     | $         | 104,998 |     | $          | 125,675 |

<div align='center'>69</div>

Estimated interest payments
are based on the stated rates for mortgage notes payable assuming the interest rate in effect for the most recent quarter remains in effect
through the respective maturity dates.

At March 31, 2025, we
had contractual commitments to fund future cash obligations in certain of our preferred equity investments and our loan investment in
the aggregate of $15.1 million and zero, respectively. In addition, we made a commitment to fund the total estimated project costs of
$56.9 million for the development of Abode Wendell Falls, a 170-unit build-to-rent development project in Wendell, North