{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-206131","form_type":"8-K","ticker":"SOHOO","cik":"0001301236","company_name":"Sotherly Hotels Inc.","filed_at":"2025-09-17T23:59:59+00:00","discovered_at":"2026-05-14T18:02:43.616138+00:00","generated_at":"2026-05-17T06:20:25.086689+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 secures $42M mortgage loan on Savannah's DeSoto Hotel at 7.13% fixed rate","bullets":["$42M principal, 7.13% fixed interest, matures October 6, 2030; interest-only payments.","Loan from Citi Real Estate Funding Inc., net proceeds of ~$5.78M after lender reserves.","Proceeds used to repay existing first mortgage and for general corporate purposes.","Guarantee limited to 'bad boy' acts; prepayable with defeasance after lockout period.","Collateral is the historic DeSoto Hotel in Savannah, GA; CEO cites successful repositioning."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-206131","json":"https://secwatch.observer/filing/0001193125-25-206131.json","markdown":"https://secwatch.observer/filing/0001193125-25-206131.md","text":"https://secwatch.observer/filing/0001193125-25-206131.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1301236/000119312525206131/0001193125-25-206131-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1301236/000119312525206131/soho-20250912.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T06:20:25.086689+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":"76f2d6aff65ae22fe293397a1aaa950b692eca74","claim":"Sotherly Hotels Inc. incurred mortgage of $42.0 million with Citi Real Estate Funding Inc. at fixed interest rate of 7.13% maturing matures on October 6, 2030.","evidence_excerpt":"On September 12, 2025, 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 $42.0 million mortgage loan (the “Mortgage Loan”) on The DeSoto hotel (the “Hotel”) located in Savannah, GA 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/1301236/000119312525206131/0001193125-25-206131-index.htm","confidence":1.0,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"mortgage"},{"label":"Principal","value":"$42.0 million"},{"label":"Counterparty","value":"Citi Real Estate Funding Inc."},{"label":"Rate","value":"fixed interest rate of 7.13%"},{"label":"Maturity","value":"matures on October 6, 2030"},{"label":"Event","value":"incurrence"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}