---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-097557"
form_type: "8-K"
ticker: "SOHOO"
cik: "0001301236"
company_name: "Sotherly Hotels Inc."
filed_at: "2024-08-15T23:59:59+00:00"
generated_at: "2026-05-31T08:58:17.773316+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Sotherly Hotels secures $5M second mortgage on DeSoto hotel at 7.5% fixed rate

## Summary
- Second mortgage loan of $5.0 million on DeSoto hotel in Savannah, GA, with MONY Life Insurance.
- Fixed interest rate of 7.50%, maturity July 1, 2026, 25-year amortization schedule.
- Prepayment allowed with premium due; customary covenants and events of default included.
- Loan documents entered on August 14, 2024, by affiliates of Sotherly Hotels Inc.

## SEC filing metadata
- accession: 0000950170-24-097557
- form_type: 8-K
- ticker: SOHOO
- cik: 0001301236
- company_name: Sotherly Hotels Inc.
- filed_at: 2024-08-15T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1301236/000095017024097557/0000950170-24-097557-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1301236/000095017024097557/soho-20240708.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-097557
- JSON: https://secwatch.observer/filing/0000950170-24-097557.json
- Plain text: https://secwatch.observer/filing/0000950170-24-097557.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.