UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d)
of The Securities Exchange Act of 1934
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| Item 1.01. | Entry into a Material Definitive Agreement. |
As previously disclosed, on July 30, 2025, BLKM III, LLC (the “Borrower”), an indirect wholly owned special-purpose financing subsidiary of BlackRock Monticello Debt Real Estate Investment Trust (the “Company”), entered into that certain Credit Agreement, dated as of July 30, 2025 (as amended or otherwise modified from time to time, the “Credit Agreement”), with Customers Bank, as lender, account bank and administrative agent, and certain other participating lenders (collectively, the “Lenders”), MonticelloAM Servicing, LLC, as servicer (the “Servicer”), and the Company, as guarantor, pursuant to which the Lenders committed to make loans to the Borrower in the initial maximum aggregate amount of $150,000,000, which was subsequently increased to $160,000,000 pursuant to Amendment No. 1 to the Credit Agreement, dated as of September 26, 2025.
On November 12, 2025, the Borrower, the Lenders, the Servicer and the Company entered into Amendment No. 2 to the Credit Agreement (“Amendment No. 2”), which further increased the maximum loan amount under the Credit Agreement to $235,0000,000. No other material changes were made with respect to the terms of the Credit Agreement.
The foregoing summary description of Amendment No. 2 does not purport to be complete and is qualified in its entirety by reference to Amendment No. 2, a copy of which is included as Exhibit 10.1 to this Current Report on Form 8-K (this “Current Report”) and incorporated herein by reference.
| Item 2.03. | Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. |
The information set forth in Item 1.01 of this Current Report is incorporated herein by reference into this Item 2.03.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
| Exhibit No. |
Description | |
| 10.1 | Amendment No. 2 to Credit Agreement dated November 12, 2025, by and among BLKM III, LLC, Customers Bank, BlackRock Monticello Debt Real Estate Investment Trust, and MonticelloAM Servicing, LLC. | |
| 104 | Cover Page Interactive Data File (embedded within the XBRL file) | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| BlackRock Monticello Debt Real Estate Investment Trust | ||
| By: | /s/ Robert P. Karnes | |
| Name: | Robert P. Karnes | |
| Title: | President | |
Dated: November 17, 2025