$2,900,000 PACE Funding

Are you familiar with PACE Funds?

We recently provide $2,900,000 in PACE funding for two hotel construction deals in Florida.

PACE is not a mortgage, rather a tax assessment, and is transferred with the sale of the property and not guaranteed by the sponsor or ownership.  Terms and fees are generally attractive.  

If you would like to discuss PACE funding, or any other Real Estate or Business funding options, we’d love to chat.

$2,900,000 Loan closing(s) for Hotel Construction

513 Capital, a Cincinnati based finance intermediary, is pleased to announce the funding of a $2.9MM PACE loan for a 2 Florida located branded hotels.

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

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