ARIES CAPITAL ARRANGES $4.7M LOAN FOR HOLIDAY INN EXPRESS

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CUERO, TEXAS — Aries Capital has arranged $4.7 million in construction financing for a new 77-room Holiday Inn Express coming to Cuero in the Eagle Ford Shale area. Leonard Smith of Aries Capital arranged the loan with an 18-month, fixed-rate term of 6 percent. Smith arranged the loan through an SBA 504 loan provider and the Community Development Council.

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