Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

On October 4, 2022, Bluegreen Vacations Corporation (“Bluegreen”), a wholly owned subsidiary of Bluegreen Vacations Holding Corporation (the “Company”), and Bluegreen’s wholly owned subsidiary, Bluegreen Vacations Unlimited, Inc., as co-borrowers, entered into an Acquisition Loan and Security Agreement (the “Acquisition Loan Agreement”) with Zions Bancorporation, N.A., DBA National Bank of Arizona, as administrative agent, arranger and bookrunner and the lenders party thereto, for a loan in connection with the purchase and renovation of a resort located in Panama City Beach, Florida (the “Property”). The Acquisition Loan Agreement provides for advances of up to $96.6 million on a non-revolving basis; provided, however, that the total advances may not exceed 70% of the acquisition and renovation costs. Advances may be made during a 24-month advance period. Approximately $54.5 million was advanced at the closing of the acquisition of the Property. Principal payments will be effected through release payments from sales of vacation ownership interests (“VOIs”) of the Property, subject to a minimum amortization schedule, with the remaining balance due at maturity in October 2027. Borrowings under the Acquisition Loan Agreement bear interest at an annual rate equal to one-month Term SOFR plus 2.25%, subject to a floor of 2.40%.

The foregoing description of the Acquisition Loan Agreement is a summary only, does not purport to be complete and is qualified in its entirety by reference to the full text of the agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.