{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-23-010252","form_type":"8-K","ticker":null,"cik":"0001745032","company_name":"Lodging Fund REIT III, Inc.","filed_at":"2023-05-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.353176+00:00","generated_at":"2026-06-14T19:55:44.828526+00:00","sec_items":["1.01","2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Lodging Fund REIT III extends Holiday Inn El Paso loan to May 2024, reduces principal by $300K","bullets":["Original $7.9M loan due May 15, 2023 modified to extend maturity to May 15, 2024.","Borrower paid down $300K, reducing outstanding principal to $7.6M.","Additional condition: deposit $819,674 into FF&E reserve account held by lender.","Operating Partnership amended contribution agreement to allow adjustment for Contributor's Series T unit conversion if needed.","Other material loan terms remain unchanged."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-23-010252","json":"https://secwatch.observer/filing/0001558370-23-010252.json","markdown":"https://secwatch.observer/filing/0001558370-23-010252.md","text":"https://secwatch.observer/filing/0001558370-23-010252.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1745032/000155837023010252/0001558370-23-010252-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1745032/000155837023010252/lfr-20230515x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T19:55:44.828526+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":"83db5726772a39b179aafd9c8d6bfaca8974b716","claim":"Lodging Fund REIT III, Inc. amended loan of $7.6 million with EPH Development Fund LLC maturing May 15, 2024.","evidence_excerpt":"the Borrower agreed to pay down $300,000 of the Holiday Inn El Paso Loan, modifying the principal outstanding balance to be $7.6 million. In addition, as a condition to the extension, the Borrower agreed to deposit $819,674 into an FF&E Reserve account held by the Lender.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1745032/000155837023010252/0001558370-23-010252-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$7.6 million"},{"label":"Counterparty","value":"EPH Development Fund LLC"},{"label":"Maturity","value":"May 15, 2024"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}