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BRIEF-Sotherly hotels inc. Announces refinancing of jacksonville hotel
June 30, 2017 / 2:08 PM / 4 months ago

BRIEF-Sotherly hotels inc. Announces refinancing of jacksonville hotel

June 30 (Reuters) - Sotherly Hotels Inc

* Sotherly Hotels Inc. Announces refinancing of Jacksonville hotel

* Sotherly Hotels Inc - executed $35.5 million secured loan with wells fargo bank collateralized by a first mortgage on doubletree by Hilton Jacksonville Riverfront Hotel In Jacksonville

* Sotherly Hotels Inc says loan carries a 7 year term, a fixed interest rate of 4.88%, and amortizes on a 30 year schedule

* Sotherly Hotels Inc - proceeds from loan were used to repay existing first mortgage Source text for Eikon: Further company coverage:

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