$2,500,000 Hotel Acquisition loan closed

513 Capital, a Cincinnati based finance intermediary, is pleased to announce the funding of a $2.5MM acquisition loan for a Seminole, OK located Best Western.  The loan supported the $3,600,000 purchase price.  The facility was arranged through a regional bank and featured a 4.85% fixed interest rate amortizing over 20 years.

513 Capital was able to arrange the financing for an owner-operator on a 1031 deadline with plenty time to spare.

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

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