$10,000,000 Residential Fix-and-Flip Credit Facility Closed

513 Capital, a real estate advisory firm is pleased to announce the closing of a $10,000,000 credit facility for a residential fix-and-flip investor. The credit facility will allow the investor to execute their market expansion plans, refinance part of their existing portfolio and provide capital of up to 85% of cost for each property purchased. The facility is non-recourse, renews annually on a floating Libor rate, was arranged quickly; going from engagement to approval in 40 days and allowing the investor to re-balance an all equity portfolio.

513 Capital arranges capital through a broad range of capital 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 and business finance transactions nationwide.