{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-24-004769","form_type":"8-K/A","ticker":null,"cik":"0001745032","company_name":"Lodging Fund REIT III, Inc.","filed_at":"2024-04-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.861653+00:00","generated_at":"2026-06-04T01:52:15.035669+00:00","sec_items":["1.01","2.03","1.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Lodging Fund REIT III amends credit line to $15.5M and refinances Lakewood hotel with $16.9M in new loans","bullets":["Extended A-1 Line of Credit to $15.5M, maturity December 31, 2024, interest rate 14.5% per annum","Terminated $12.61M Original Lakewood Loan, repaid using proceeds from new loans","Entered $12.0M New Lakewood Loan with Bluebird Credit EM LLC at SOFR+7.0%, maturity October 2025","Obtained up to $4.9M New A-1 Lakewood Loan from Legendary A-1 Bonds at 14.5% fixed, due March 2026","Paid $133,000 extension fee on A-1 Line and $138,450 unpaid extension fee on Original Lakewood Loan"],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-24-004769","json":"https://secwatch.observer/filing/0001558370-24-004769.json","markdown":"https://secwatch.observer/filing/0001558370-24-004769.md","text":"https://secwatch.observer/filing/0001558370-24-004769.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1745032/000155837024004769/0001558370-24-004769-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1745032/000155837024004769/lfr-20240327x8ka.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T01:52:15.035669+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":"7bc9af641958cc4f2d9b612dbd857c28c0b42a30","claim":"Lodging Fund REIT III, Inc. incurred loan of $12.0 million with Bluebird Credit EM LLC at SOFR Index plus 7.0% (increasing to 7.5% during the extension of the loan), with maturing October 5, 2025.","evidence_excerpt":"On March 27, 2024, pursuant to the Loan Agreement dated as of March 27, 2024 (the “New Lakewood Loan Agreement”), the Borrower entered into a new $12.0 million loan with Bluebird Credit EM LLC (the “New Lakewood Lender”), which is secured by the 142-room Fairfield Inn and Suites in Lakewood, Colorado (the “New Lakewood Loan”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1745032/000155837024004769/0001558370-24-004769-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$12.0 million"},{"label":"Counterparty","value":"Bluebird Credit EM LLC"},{"label":"Rate","value":"SOFR Index plus 7.0% (increasing to 7.5% during the extension of the loan), with"},{"label":"Maturity","value":"October 5, 2025"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"8003c92964dc259f0c79baa75155b3f6354ac7bf","claim":"Lodging Fund REIT III, Inc. amended revolving credit of $15.5 million with Legendary A-1 Bonds, LLC at 14.5% per annum maturing December 31, 2024.","evidence_excerpt":"On March 27, 2024, the Operating Partnership and the A-1 Lender entered into a Fourth Amendment to the Revolving Line of Credit Loan Agreement (the “Fourth Amendment”) in connection with the A-1 Line of Credit. The Fourth Amendment extended the maturity date of the A-1 Line of Credit to December 31, 2024 and increased the A-1 Line of Credit to $15.5 million.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1745032/000155837024004769/0001558370-24-004769-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$15.5 million"},{"label":"Counterparty","value":"Legendary A-1 Bonds, LLC"},{"label":"Rate","value":"14.5% per annum"},{"label":"Maturity","value":"December 31, 2024"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"ea4b5cbcefa80a2ee042ed349621e74d27360026","claim":"Lodging Fund REIT III, Inc. incurred loan of $4,896,801 with Legendary A-1 Bonds, LLC at 14.5% per annum maturing March 27, 2026.","evidence_excerpt":"On March 27, 2024, pursuant to the Loan Agreement dated as of March 27, 2024, the Operating Partnership entered into a new loan in an amount up to $4,896,801 (the “New A-1 Lakewood Loan”) with the A-1 Lender, an affiliate of the Company’s Advisor.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1745032/000155837024004769/0001558370-24-004769-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$4,896,801"},{"label":"Counterparty","value":"Legendary A-1 Bonds, LLC"},{"label":"Rate","value":"14.5% per annum"},{"label":"Maturity","value":"March 27, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"e90574b791f5ed439b32cf70101174e74b68f2c8","claim":"Lodging Fund REIT III, Inc. amended Fourth Amendment to the Revolving Line of Credit Loan Agreement with Legendary A-1 Bonds, LLC valued at $15.5 million (effective 2024-03-27).","evidence_excerpt":"On March 27, 2024, the Operating Partnership and the A-1 Lender entered into a Fourth Amendment to the Revolving Line of Credit Loan Agreement (the “Fourth Amendment”) in connection with the A-1 Line of Credit. The Fourth Amendment extended the maturity date of the A-1 Line of Credit to December 31, 2024 and increased the A-1 Line of Credit to $15.5 million.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1745032/000155837024004769/0001558370-24-004769-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Legendary A-1 Bonds, LLC"},{"label":"Value","value":"$15.5 million"},{"label":"Effective","value":"2024-03-27"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}