{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-014177","form_type":"8-K","ticker":"SOHOO","cik":"0001301236","company_name":"Sotherly Hotels Inc.","filed_at":"2024-02-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.716135+00:00","generated_at":"2026-06-06T03:07:42.550948+00:00","sec_items":["2.03","7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Sotherly Hotels refinances Hotel Alba with $35M fixed-rate mortgage at 8.49%","bullets":["$35M mortgage loan from Citi Real Estate Funding Inc., interest-only, 5-year term maturing March 6, 2029, fixed rate 8.49%.","Net proceeds of ~$10.25M after repaying existing first mortgage; funds for general corporate purposes.","Loan guaranteed by Operating Partnership only for 'bad boy' acts; prepayment restricted until last 4 months.","CEO states refinancing completes repositioning strategy that created substantial value and cash proceeds."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-014177","json":"https://secwatch.observer/filing/0000950170-24-014177.json","markdown":"https://secwatch.observer/filing/0000950170-24-014177.md","text":"https://secwatch.observer/filing/0000950170-24-014177.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1301236/000095017024014177/0000950170-24-014177-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1301236/000095017024014177/soho-20240207.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T03:07:42.550948+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":"451d23ced32615fe465e699d72785dc878cc3c34","claim":"Sotherly Hotels Inc. incurred loan of $35.0 million with Citi Real Estate Funding Inc. at 8.49% maturing March 6, 2029.","evidence_excerpt":"On February 7, 2024, affiliates of Sotherly Hotels Inc. (the “Company”), the sole general partner of Sotherly Hotels LP (the “Operating Partnership”), entered into loan documents to secure a $35.0 million mortgage loan (the “Mortgage Loan”) on the Hotel Alba Tampa (the “Hotel”) located in Tampa, FL 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/1301236/000095017024014177/0000950170-24-014177-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$35.0 million"},{"label":"Counterparty","value":"Citi Real Estate Funding Inc."},{"label":"Rate","value":"8.49%"},{"label":"Maturity","value":"March 6, 2029"},{"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"}