$3,650,000 Refinance Loan Closed for Limited Service Hotel

513 Capital, a Cincinnati based finance intermediary, is pleased to announce the funding of an 3.65MM refinance loan for a Twinsburg, Ohio Limited Service Hotel. 

The loan was arranged through a local bank and a government collateral enhancement program .  The conventional loan featured an attractive 5.5% fixed interest rate with a renewing term every 5 years. The full term of the loan featured a 20 year amortization. This is the third loan arranged for this client.

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

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