Company: BLNE
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023462
Chunk: 144

Company: Beeline Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 144
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 reports. Critical data points are
being collected from the Beeline Labs launch and integrations are set to start in early December opening BlinkQC up to over 1,000 Banks
and Independent Mortgage Banks. The Beeline Labs data and integrations are essential for a broader launch.

The
initial release supports conventional loan packages and is offered on a flat rate per package. Based on current cost estimates, the product
is expected to achieve gross margins of approximately 50%. Future enhancements, including FHA/VA loan support and integrations with loan
origination systems, are in development.

Management
believes BlinkQC will improve QC efficiency for mortgage lenders and represents a potential source of incremental revenue for the Company.

36

BeelineEQUITY

On
June 25, 2025, Beeline Title closed, what it believes to be one of the first-ever fractional sale of home real estate transactions
funded through the sale of a cryptocurrency with a related party partner who funds these transactions for us through the sale of
a crypto token which is backed by real property. While neither the Company, nor its subsidiaries, mints the token, Beeline Title
handles the settlement and title portions of these transactions for its client, who is minting the token (see below for more
information about this company). The June transaction marked a major milestone in the evolution of blockchain-driven real estate
finance, bridging decentralized finance with traditional title and escrow services.

In
October 2025, the Company completed its first round of blockchain-recorded transactions through the BeelineEQUITY platform, becoming the first U.S. platform to
tokenize residential home equity at scale. The Company closed six transactions and has pre-selected an additional 25 expected to
close later in 2025. Beeline Loans provides customer acquisition services and support to the company minting the token and offering
the equity exchange transaction. Beeline Loans receives 3.5% of the amount of equity sold and markets the product through its website
as BeelineEQUITY. Beeline Title provides the title and closing services for each transaction—unless borrowers elect to use an
outside title company.

As
cryptocurrency adoption accelerates and becomes regulated by federal and state governments, the Company is positioning itself as a leader
in this fast-moving ecosystem, offering trusted infrastructure to help lenders scale into a future where crypto and compliance go hand-in-hand.
The Company collaborates with a related party company which is co-owned by the Company’s Chief Executive Officer,