107% LTV Financing for Office Property Closed

513 Capital, a Cincinnati based finance intermediary, is pleased to announce the closing of a $800,000 acquisition loan for a Florence, Kentucky Office Building.  The loan supported a $750,000 acquisition price along with $50,000 in working capital for a growing National Restaurant Marketing and Analytics company.

513 Capital was able to arrange the financing using the SBA 7a program, which due to the stimulus bill, featured a waived guarantee fee and payment relief.  The loan facility is a 25 year fully amortizing structure with limited prepay penalties.

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

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