Company: BLNE
Filing Date: 2025-01-03
Form Type: S-1/A
Source: 0001493152-25-000284
Chunk: 234

Company: Beeline Holdings, Inc.
Filing Date: 2025-01-03
Form: S-1/A
Chunk 234
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as determined above under mortgage loans held for sale), net of costs to close the loans, subject to the estimated loan funding probability, or “pull-through factor.” Given the significant and unobservable nature of the pull-through factor, IRLCs are classified as Level 3.

Forward commitments: Beeline’s forward commitments are valued based on quoted prices for similar assets in an active market with inputs that are observable and are classified within Level 2 of the valuation hierarchy. There were no open forward contracts at September 30, 2024 and December 31, 2023.

A roll forward of the level 3 valuation financial instruments is as follows:

Schedule of Assets or Liabilities Measured at Fair Value Recurring Basis

|                               |     | September 30, 2024 |   |     |         |   |     |         |        |     | December 31, 2023 |   |     |         |   |     |         |        |
|:------------------------------|:----|:-------------------|:--|:----|:--------|:--|:----|:--------|-------:|:----|:------------------|:--|:----|:--------|:--|:----|:--------|-------:|
| Description                   |     | Level 1            |   |     | Level 2 |   |     | Level 3 |        |     | Level 1           |   |     | Level 2 |   |     | Level 3 |        |
| Interest rate lock derivative |     | $                  | - |     | $       | - |     | $       | 62,796 |     | $                 | - |     | $       | - |     | $       | 57,505 |

Schedule of Roll Forward For Valuation of Financial Instruments

|                                                              |     | For the Nine Months Ended September 30, |   2024 |     |   |   2023 |
|:-------------------------------------------------------------|:----|:----------------------------------------|-------:|:----|:--|-------:|
| Balance at beginning of period                               |     | $                                       | 57,505 |     | $ | 30,757 |
| Change in fair value included in derivative expense (income) |     |                                         |  5,291 |     |   |      - |
| Balance at end of period                                     |     | $                                       | 62,796 |     | $ | 30,757