$4,900,000 Hotel Refinance Loan Closed

513 Capital, a Cincinnati based finance intermediary, is pleased to announce the closing of a $4.9MM hotel refinance loan for a Juneau, Alaska located Super 8.  The loan supported the takeout refinance of bridge debt the owner had used to make significant interior and exterior improvements to the property. The new debt will be long term permanent financing.

513 Capital was able to arrange the financing using the SBA 7a program. The loan facility is a 25 year fully amortizing structure with limited prepay penalties.

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

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