{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-069829","form_type":"8-K","ticker":"PRXK","cik":"0001692345","company_name":"PROCACCIANTI HOTEL REIT, INC.","filed_at":"2024-06-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.629089+00:00","generated_at":"2026-06-01T05:19:48.443452+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Procaccianti Hotel REIT refinances Hotel Indigo Traverse City with $15.6M Berkshire Bank loan","bullets":["Borrowed $15,600,000 from Berkshire Bank to refinance existing debt on the 107-room Hotel Indigo Traverse City.","Loan matures June 6, 2029 (initial 5-year term) with two 12-month extension options subject to DSCR ≥ 1.50:1.","Interest rate = 2.50% over 3-year Treasury; interest-only for first 3 years, then amortizing over 300 months.","Prepayment penalty: 2% (year 1), 1% (year 2), none after year 2.","Loan secured by first mortgage on property and guaranteed by Procaccianti Hotel REIT, Inc."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-069829","json":"https://secwatch.observer/filing/0001104659-24-069829.json","markdown":"https://secwatch.observer/filing/0001104659-24-069829.md","text":"https://secwatch.observer/filing/0001104659-24-069829.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1692345/000110465924069829/0001104659-24-069829-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1692345/000110465924069829/tm2416665d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T05:19:48.443452+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}