secwatch.observer — SEC 8-K summary
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Issuer:     Chatham Lodging Trust (CLDT)
CIK:        0001476045
Form:       8-K
Filed at:   2023-08-22T23:59:59+00:00
Accession:  0001476045-23-000059
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Chatham Lodging Trust subsidiaries close $39.9M in secured loans at 7.419% for two Austin hotels
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- Two indirect subsidiaries closed loans: $20.85M (Residence Inn Austin) and $19.075M (TownePlace Suites Austin).
- Each loan bears interest at 7.419% per annum, interest-only for five years, then 30-year amortization.
- Both loans mature in 2033 and are secured by first mortgage liens on the respective hotels and related assets.
- Loan documents contain customary representations, warranties, and events of default for single-property mortgage financings.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1476045/000147604523000059/0001476045-23-000059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1476045/000147604523000059/cldt-20230816.htm
  HTML page:      https://secwatch.observer/filing/0001476045-23-000059

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