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Belpointe OZ Enters Agreement for Darien, Connecticut, Luxury Multifamily Development Site
OZ
New Projects/Investments
- Belpointe PREP, LLC (Belpointe OZ) has entered into an agreement for a luxury multifamily development site at 100 Tokeneke Road in Darien, Connecticut.
- The transaction involved the seller contributing the property to an indirect subsidiary of Belpointe OZ in exchange for equity in the project entity, with no upfront cash consideration from Belpointe OZ.
- Belpointe OZ intends to provide future capital for the project's development or financing and has a mechanism to buy out the seller at a pre-agreed valuation, payable in its Class A units.
- The company currently has over 2,000 units in its development pipeline across four cities, representing an approximate total project cost of over $1.0 billion.
Jan 13, 2026, 9:30 PM
Belpointe PREP, LLC Secures New Mortgage and Mezzanine Loans
OZ
Debt Issuance
New Projects/Investments
- Belpointe PREP, LLC's indirect majority-owned subsidiary, BPOZ 1991 Main, LLC, entered into a variable-rate mortgage loan agreement for up to $163.3 million with SM Finance III LLC, secured by the Aster & Links development project.
- Concurrently, BP Mezz 1991 Main, LLC, another indirect majority-owned subsidiary, secured a mezzanine loan for up to $40.8 million from the same lender.
- Approximately $114.1 million from the mortgage loan and $34.6 million from the mezzanine loan, along with $17.1 million from the mortgage loan, were used to refinance existing construction and mezzanine debt.
- Both loans have an initial maturity date of October 11, 2027, with interest rates based on Term SOFR plus 1.5% for the mortgage loan and 6.75% for the mezzanine loan.
Oct 3, 2025, 9:21 PM
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