secwatch.observer — SEC 8-K summary
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Issuer:     Lodging Fund REIT III, Inc. (—)
CIK:        0001745032
Form:       8-K/A
Filed at:   2024-04-05T23:59:59+00:00
Accession:  0001558370-24-004769
Event type: debt
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 2.03, 1.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lodging Fund REIT III amends credit line to $15.5M and refinances Lakewood hotel with $16.9M in new loans
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- 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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1745032/000155837024004769/0001558370-24-004769-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1745032/000155837024004769/lfr-20240327x8ka.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-004769

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