$1,023,000 Multifamily loan closed

513 Capital, a Cincinnati based finance intermediary, is pleased to announce the funding of a $1,023,000 Cash Out refinance loan for a 26 unit multifamily property in Lexington, KY. 

The loan featured a 3.62% fixed interest rate, a 10 year term with 30 years of amortization, 5 years of interest only, and provided close to $400,000 of cash out. The loan was arranged through an agency lender and is non-recourse to the borrower.

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

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