Company: BHM
Filing Date: 2025-11-06
Form Type: 424B3
Source: 0001104659-25-107769
Chunk: 26

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-11-06
Form: 424B3
Chunk 26
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 in full, respectively,   
 including any accrued but unpaid interest amounts. Refer to the Loan Investment Summary disclosure below for further information. |

17

Table of Contents

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

| ​                                                 
 ​                                                 | ​ 
 ​ 
 ​ | ​    
 2025 |             ​ 
 September 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 September 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 months ended September 30, 2024 and the nine months ended September 30, 2025 and 2024 (amounts in thousands). The Company did not record any interest income from loan investments during the three months ended September 30, 2025 as it held no loan investments during this period.

| ​                            | ​ | ​             |    ​ | ​ | ​ |    ​ | ​ | ​             |    ​ | ​ |    ​ |     ​ |
| ​                            |   | Three         
 Months Ended  |      |   |   |      | ​ | Nine          
 Months Ended  |      |   |      |       |
| ​                            | ​ | September 30, |      |   |   |      | ​ | September 30, |