$5,900,000 Hampton Inn Refinance Loan Closed

7/02/2026

513 Capital, a Cincinnati-based finance intermediary, is pleased to announce the closing of a $5.9MM Conventional Hotel Property Refinance loan through a Credit Union.

The owner of a 91-room Hampton Inn and Suites in Bay City Michigan had entered their adjustment period with their existing lender.   The rate had increased to well above market so they were seeking to refinance.

513 Capital was able to secure 6.5% fixed rate financing on a 5-year term from a local Credit Union. The initial term is 5 years then automatically fixes for another 5 years at 5 YR T + 275.  The amortization was 20 years.

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