$2,750,000 Acquisition Bridge Loan arranged by 513 Capital

513 Capital, a Cincinnati based finance intermediary, is pleased to announce the funding of an $2.75MM acquisition bridge loan for a 440k rsqft office complex in Lansing, MI.  The loan facility was arranged through a private investor and went from term sheet to closing in 4 business days.

513 Capital was able to arrange the quick financing for an experienced real estate investor who had an incredibly tight deadline to execute on a contract.  The loan facility is a 6 month term with 6 month options and interest only payments.  The investor is now able to control the lease up and capture value creation.

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

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