$3,000,000 Ground Up Construction Loan Closed

513 Capital, a Cincinnati based finance intermediary, is pleased to announce the closing of a $3MM, 75% of cost, construction loan for a Circle K Branded Gas Station.  The loan was completed using an SBA 7a Preferred Lending Partner.

The borrower/developer owned the land bordering his hotel and adjacent to a major highway. It is a perfect fit for a new gas station. We worked with the borrower to do a lot split and release from their hotel lender(s) then arranged new financing for the construction of this new project.

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

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