$1,350,000 Hotel Acquisition loan closed

513 Capital, a Cincinnati based finance intermediary, is pleased to announce the funding loan of a $1.35MM acquisition for a Columbia, MO located Super 8 by Wyndham.  The loan was closed in time to receive the extraordinary 6 month Cares Act payment benefit. The facility was arranged through an east coast PLP bank and featured a WSJ Prime + 1.75 interest rate amortizing over 25 years.

513 Capital was able to arrange the financing for this owner operator in 45 days..

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

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