$3,250,000 Fairfield Inn & Suites Acquisition financed by 513 Capital

513 Capital, a Cincinnati based finance intermediary, is pleased to announce the funding of an acquisition loan for a Texas located Fairfield Inn and Suites by Marriott.  The loan facility supported the acquisition price and a substantial property improvement plan (PIP) made for an experienced buying group.  513 Capital was able to arrange financing through a well capitalized local bank at a 5% interest rate on a 20 year term.  The property is a four story 84 key hotel.

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