$600,000 Loan closing for Hotel Refinance

513 Capital, a Cincinnati based finance intermediary, is pleased to announce the funding of a $600,000 refinance loan for an economy scale hotel in Zanesville, Ohio.  The loan supported by an Econolodge property who’s been under the same ownership for 16 years.  The facility was arranged through an east coast SBA Lender.

513 Capital was able to arrange the financing for an owner-operator using the 7a program to support the transaction.  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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