{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-067729","form_type":"8-K","ticker":"PRXK","cik":"0001692345","company_name":"PROCACCIANTI HOTEL REIT, INC.","filed_at":"2025-07-14T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.685768+00:00","generated_at":"2026-05-18T06:41:16.504410+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Procaccianti Hotel REIT refinances $19.2M debt on Providence Hilton Garden Inn","bullets":["Borrowed $19.2M via secured promissory note from Rockland Trust to refinance existing $16.9M debt and pay closing costs.","Interest rate: FHLBB Classic Advance Rate (5-year) plus 2.0% fixed; interest-only for 2 years, then 300-month amortization.","Maturity date 5 years from July 10, 2025; prepayment penalty 2% in year 1, 1% in year 2, none thereafter.","Loan secured by first mortgage on 137-room Hilton Garden Inn in Providence, RI; guaranteed by company.","Refinancing through subsidiary Gano Holdings, LLC; includes customary covenants and events of default."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-067729","json":"https://secwatch.observer/filing/0001104659-25-067729.json","markdown":"https://secwatch.observer/filing/0001104659-25-067729.md","text":"https://secwatch.observer/filing/0001104659-25-067729.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1692345/000110465925067729/0001104659-25-067729-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1692345/000110465925067729/tm2519233d3_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T06:41:16.504410+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":"76b3e92a2b5090b9a28e38eebef3618473bbef85","claim":"PROCACCIANTI HOTEL REIT, INC. incurred loan of $19,200,000 with Rockland Trust Company at FHLBB Fixed Rate plus 2.0% maturing five (5) years from the date of the Refinancing Note.","evidence_excerpt":"On July 10, 2025, the Company, through Gano, as borrower (the “Borrower”), and Rockland Trust Company, as the lender (the “Lender”), entered into a Loan Agreement (the “Refinancing Loan”). In connection with the Refinancing Loan, the Borrower borrowed $19,200,000 and issued a secured promissory note (the “Refinancing Note”) to the Lender in the same amount.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1692345/000110465925067729/0001104659-25-067729-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$19,200,000"},{"label":"Counterparty","value":"Rockland Trust Company"},{"label":"Rate","value":"FHLBB Fixed Rate plus 2.0%"},{"label":"Maturity","value":"five (5) years from the date of the Refinancing Note"},{"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"}