secwatch.observer — SEC 8-K summary
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Issuer:     Sotherly Hotels Inc. (SOHOO)
CIK:        0001301236
Form:       8-K
Filed at:   2025-12-17T23:59:59+00:00
Accession:  0001193125-25-322825
Event type: debt
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sotherly enters forbearance on Georgian Terrace hotel; lender agrees no foreclosure until June 2026
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- Entered forbearance agreement with Wilmington Trust on $37.7M mortgage; lender will not foreclose before June 1, 2026.
- Company to pay down principal by ~$3.8M and continue monthly P&I of ~$236,000.
- Default interest continues to accrue; property remains in cash management.
- Loan was in default due to non-payment at June 1, 2025 maturity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1301236/000119312525322825/0001193125-25-322825-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1301236/000119312525322825/soho-20251216.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-322825

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer