Seven Seventeen CU Backs Hotel Development

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WARREN, Ohio – Seven Seventeen CU said it has agreed to lend almost $2.6 million to a $5.15 million Hotel Inn Express project at the Interstate 80 exchange in nearby Liberty.

The project has received Mahoning Valley Economic Development Corp. support for a U.S. SBA 504 loan.

The credit union will lend $2.57 million, while the SBA portion will be $1.54 million and the project’s developer will provide almost $1.03 million in equity.

 

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