Super 8 Hotel Acquisition Renovation Loan for $1,139,000 Closed

513 Capital, a commercial real estate advisory firm is pleased to announce the closing of a $1,139,000 acquisition and PIP loan for a 74-key Super 8 hotel. 513 advised and arranged a bank loan facility which featured a fully amortizing 25 year term and $200,000 in working capital and renovation funding. The loan pricing was WSJ Prime +2%. Daniel Redlinger was able to arrange the full request through an east coast bank.

513 Capital arranges capital through a broad range of sources from hedge funds, life companies, CMBS, private investors, SBA, to regional and national banks. 513 Capital focuses on debt placement for improved commercial real estate properties, with a specialization in hospitality properties, and business finance transactions nationwide.

Daniel Redlinger wasted no time putting viable finance offers on the table, and flat out delivered. Thank you! –JAGDEEP SINGH, OWNER