$1,650,000 refinance loan arranged for Chicago area Gas Station

513 Capital, a Cincinnati based finance intermediary, is pleased to announce the funding of an 1.65MM refinance loan for a Chicago area Shell Gas Station.  The loan represented 80% loan to value.

The loan facility was arranged with a southeastern bank lender and featured a 25 year fully amortizing term and an attractive interest rate.

The borrower was able to lower his existing payments and take advantage of a discounted seller note payoff.

513 Capital specializes in bank, SBA, and private commercial real estate funding.

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