$1,423,000 Hotel Conventional Refinance Loan Closed

513 Capital, a Cincinnati based finance intermediary, is pleased to announce the closing of a $1.423MM conventional refinance loan for a Demopolis, AL Days Inn.  The loan featured a 15 year amortization, 5% fixed interest rate for the first 5 years then annual adjustments at WSJ P + 0% for the remainder of the loan.

513 Capital was able to arrange the financing for a client who was seeking to replace adjusting SBA 7a debt. The loan was arranged a 80% of appraised value and funded through a local bank.

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

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