Company: BLNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004793
Chunk: 441

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1C
Chunk 441
---
 been eliminated.

Beeline Title Holdings has five subsidiaries, Beeline
Title, LLC (“Beeline Title”), Beeline Texas Title, LLC (“Beeline Texas Title”), Beeline Settlement Services,
LLC (“Beeline Settlement Services”), and Beeline Title Agency, LLC (“Beeline Title Agency”). Beeline Mortgage
Holdings has one subsidiary, Beeline Loans, Inc. (“Beeline Loans”). 

The Company has two majority-owned subsidiaries,
Nimble Title Holdings, Inc. (“Nimble Title Holdings”) and Bridgetown Spirits. Nimble Title Holdings is 50.1% owned by the
Company and 49.9% owned by a former non-controlling shareholder of Beeline Financial. Bridgetown Spirits is 53% owned by the Company.

Nimble Title Holdings has four subsidiaries, Nimble
Title, LLC (“Nimble Title”), Nimble Title Agency, LLC (“Nimble Title Agency”), Nimble Texas Title, LLC (“Nimble
Texas Title”), and Nimble Settlement Services, LLC (“Nimble Settlement Services”). 

The discussion which follows should be read in conjunction
with the consolidated financial statements and notes to the consolidated financial statements contained in this Report.

46

Our
Business

 Beeline is a full service direct-to-consumer lender specializing in conventional conforming and non-conforming residential
first-lien mortgages and providing title services. Beeline also has an emerging business in anonymized data sales and technology
licensing.

Bridgetown Spirits
manufactures (through sub-contractors), acquires, blends, bottles, imports, markets and sells a wide variety of alcoholic beverages under
recognized brands. Bridgetown Spirits’ brands span several alcoholic beverage categories, including whiskey, vodka, rum, and tequila. Bridgetown Spirits
sells products on a wholesale basis to distributors in open states and through brokers in control states.

Beeline

Beeline’s performance is influenced by
several key factors, including fluctuations in interest rates, economic conditions, housing supply, technological advancements,
and its ability to acquire and retain customers. Interest rate changes have a direct impact on mortgage loan refinancing and overall
mortgage loan volume. In a declining interest rate environment, refinancing activity typically increases, whereas rising interest rates
tend to reduce refinancing and home purchase transactions. However, higher rates can also drive demand for cash-out refinancings and
home equity loans. Following a prolonged period of historically low rates, interest rates began