Company: BHM
Filing Date: 2025-11-06
Form Type: 424B3
Source: 0001104659-25-107769
Chunk: 30

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-11-06
Form: 424B3
Chunk 30
---
 ​    
 2025 |             ​ 
 September 30, | ​ | ​    
 2024 |            ​ 
 December 31, |
|:----------------------------|:--|:-----|--------------:|:--|:-----|-------------:|
| KeyBank Credit Facility     | ​ | $    |        22,000 | ​ | $    |       36,000 |
| Amended DB Credit Facility  | ​ |      |             — | ​ |      |       85,000 |
| Total                       | ​ | $    |        22,000 | ​ | $    |      121,000 |

22

Table of Contents

Amended
Deutsche Bank Credit Facility (“Amended DB Credit Facility”)

In
December 2023, certain of the Company’s subsidiaries entered into an amended and restated credit facility (the “Amended DB
Credit Facility”) with Deutsche Bank Securities Inc. (“Deutsche Bank”), as sole lead arranger, Deutsche Bank AG, New
York Branch, as administrative agent, the financial institutions party thereto as lenders and Computershare Trust Company, N.A., as paying
agent and calculation agent, and the Company as a guarantor. The Amended DB Credit Facility provided for a revolving loan with a maximum
commitment amount of $150 million. Borrowings under the Amended DB Credit Facility were limited to financings related to the acquisition,
renovation, rehabilitation, maintenance and leasing of single-family residential units in the Indy-Springfield, Peak JV 2 and Savannah-84
portfolios. Borrowings under the Amended DB Credit Facility bore interest on the amount drawn at Term Secured Overnight Financing Rate
(“SOFR”) plus 2.80%, and borrowings could be prepaid without premium or penalty. On April 4, 2025, the Company entered into
an amended and restated agreement with Deutsche Bank that replaced the Amended DB Credit Facility with a senior loan (the “DB Loan”
- refer to Note 11 for further information).

KeyBank
Credit Facility

In October 2024,
the Company, through a subsidiary of its Operating Partnership, entered into a credit agreement with KeyBank National Association (the
“KeyBank Credit Facility”) related to the Company’s DST Program. The KeyBank Credit Facility provides for a revolving
loan with a maximum commitment amount of $50 million. The Company has provided a guarantee on any outstanding balance and up to the full
commitment and has pledged