{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-018146","form_type":"8-K","ticker":"SOHOO","cik":"0001301236","company_name":"Sotherly Hotels Inc.","filed_at":"2023-05-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.317416+00:00","generated_at":"2026-06-15T16:04:44.459142+00:00","sec_items":["2.03","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Sotherly Hotels refinances DoubleTree Laurel with $10M fixed-rate loan at 7.35%","bullets":["$10M mortgage loan with Citi Real Estate Funding Inc., fixed rate 7.35%, matures May 2028.","Interest-only payments; prepayment restricted until last 4 months of term.","Proceeds repaid existing first mortgage and generated ~$2.7M cash for general corporate purposes.","CEO cites favorable terms and significant value realized via streamlined operating strategy."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-018146","json":"https://secwatch.observer/filing/0000950170-23-018146.json","markdown":"https://secwatch.observer/filing/0000950170-23-018146.md","text":"https://secwatch.observer/filing/0000950170-23-018146.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1301236/000095017023018146/0000950170-23-018146-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1301236/000095017023018146/soho-20230504.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T16:04:44.459142+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":"48efd3546acc6c5c4df2fb1cec9a5f3a73d18407","claim":"Sotherly Hotels Inc. incurred mortgage of $10.0 million with Citi Real Estate Funding Inc. at 7.35% maturing May 6, 2028.","evidence_excerpt":"On May 4, 2023, affiliates of Sotherly Hotels Inc., the sole general partner of Sotherly Hotels LP (the “Operating Partnership”), entered into loan documents to secure a $10.0 million mortgage loan (the “Mortgage Loan”) on the DoubleTree by Hilton Laurel hotel (the \"Hotel\") located in Laurel, MD with Citi Real Estate Funding Inc.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1301236/000095017023018146/0000950170-23-018146-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"mortgage"},{"label":"Principal","value":"$10.0 million"},{"label":"Counterparty","value":"Citi Real Estate Funding Inc."},{"label":"Rate","value":"7.35%"},{"label":"Maturity","value":"May 6, 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}