$1,650,000 Hotel Bridge Loan Closed

513 Capital, a Cincinnati-based finance intermediary, is pleased to announce the closing of a $1.65MM Hotel Property Refinance loan.

The owner of a 114-room Ramada in Beaver Falls, PA, was coming up on a loan maturity and was seeking a fast refinance.

513 Capital was able to secure interest only financing with REIT strutured lender. The bridge lender closed within 3 weeks and offered 3 x 6 month terms with no prepayment penalty.

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

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