---
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"
generated_at: "2026-06-14T19:55:44.828526+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Lodging Fund REIT III extends Holiday Inn El Paso loan to May 2024, reduces principal by $300K

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-23-010252
- form_type: 8-K
- cik: 0001745032
- company_name: Lodging Fund REIT III, Inc.
- filed_at: 2023-05-19T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-010252
- JSON: https://secwatch.observer/filing/0001558370-23-010252.json
- Plain text: https://secwatch.observer/filing/0001558370-23-010252.txt

## Key facts
- Debt Financings
  Lodging Fund REIT III, Inc. amended loan of $7.6 million with EPH Development Fund LLC maturing May 15, 2024.
  - Instrument: loan
  - Principal: $7.6 million
  - Counterparty: EPH Development Fund LLC
  - Maturity: May 15, 2024
  - Event: amendment
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1745032/000155837023010252/0001558370-23-010252-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.