{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-005556","form_type":"8-K","ticker":"SOHOO","cik":"0001301236","company_name":"Sotherly Hotels Inc.","filed_at":"2023-03-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:44.317827+00:00","generated_at":"2026-06-18T17:12:33.916308+00:00","sec_items":["1.01","2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Sotherly Hotels amends Whitehall hotel mortgage; $14.2M principal, maturity extended to 2028","bullets":["Principal balance of approximately $14.2 million; maturity extended to February 26, 2028.","Floating interest rate of New York Prime Rate plus 1.25%, subject to a floor rate of 7.50%.","Loan continues to be guaranteed by Sotherly Hotels LP, the operating partnership.","Amended loan documents contain customary representations, warranties, covenants and events of default."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-005556","json":"https://secwatch.observer/filing/0000950170-23-005556.json","markdown":"https://secwatch.observer/filing/0000950170-23-005556.md","text":"https://secwatch.observer/filing/0000950170-23-005556.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1301236/000095017023005556/0000950170-23-005556-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1301236/000095017023005556/soho-20230226.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T17:12:33.916308+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a403201fcfa24f354dfee7d089fe763c5b77eb56","claim":"Sotherly Hotels Inc. amended mortgage of $14.2 million with International Bank of Commerce at New York Prime Rate plus 1.25%, subject to a floor rate of 7.50% maturing February 26, 2028.","evidence_excerpt":"in Houston, TX with the existing lender, International Bank of Commerce. Pursuant to the amended loan documents, the Mortgage Loan: • has a principal balance of approximately $14.2 million; • has an extended maturity date of February 26, 2028; • maintains a floating interest rate of New York Prime Rate plus 1.25%, subject to a floor rate of 7.50%; • contains","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1301236/000095017023005556/0000950170-23-005556-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"mortgage"},{"label":"Principal","value":"$14.2 million"},{"label":"Counterparty","value":"International Bank of Commerce"},{"label":"Rate","value":"New York Prime Rate plus 1.25%, subject to a floor rate of 7.50%"},{"label":"Maturity","value":"February 26, 2028"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"5a206d64b7be8a1c858cdc2e7acbcb4c81dcc94b","claim":"Sotherly Hotels Inc. amended Mortgage Loan with International Bank of Commerce valued at approximately $14.2 million (effective 2023-02-26).","evidence_excerpt":"On February 26, 2023, affiliates of Sotherly Hotels Inc., the sole general partner of Sotherly Hotels LP (the “Operating Partnership”), entered into amended loan documents to modify the existing mortgage loan (as amended, the “Mortgage Loan”) on The Whitehall hotel located in Houston, TX with the existing lender, International Bank of Commerce.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1301236/000095017023005556/0000950170-23-005556-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"International Bank of Commerce"},{"label":"Value","value":"approximately $14.2 million"},{"label":"Effective","value":"2023-02-26"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}