$2,100,000 Hotel Acquisition Closed

513 Capital, a Cincinnati based finance intermediary, is pleased to announce the funding loan of a $1.6MM hotel loan for a Marietta, OH located Quality Inn and Conference Center.  The loan supported a $2,100,000 acquisition price along with $100,000 in working capital. New ownership has experience in the market and will be taking over from out of town ownership.

513 Capital was able to arrange the financing for an owner-operator using the 7a SBA program.  The loan facility is a 25 year fully amortizing structure.

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

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