tiprankstipranks
Sotherly Hotels Secures $35M Loan and Issues Transaction Details
Company Announcements

Sotherly Hotels Secures $35M Loan and Issues Transaction Details

Sotherly Hotels (SOHO) has released an update.

Don't Miss our Black Friday Offers:

Affiliates of Sotherly Hotels Inc. secured a $35 million mortgage loan for Hotel Alba Tampa with Citi Real Estate Funding Inc., maturing in 2029 with a fixed interest rate of 8.49%. The loan, which primarily requires interest payments, is guaranteed against certain misconduct and cannot be prepaid early. Following this financial move, the Company issued a press release detailing the transaction.

For further insights into SOHO stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskSotherly Hotels Reports Q3 Revenue Growth Amid Challenges
TheFlySotherly Hotels price target lowered to $1.50 from $2 at Piper Sandler
TipRanks Auto-Generated NewsdeskSotherly Hotels Faces NASDAQ Compliance Challenges
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App