Author - dredlinger

$1,400,000 Conventional Loan Motel Refinance

$1,400,000 Conventional Loan Motel Refinance

November 7, 2024
Categories: Uncategorized

513 Capital, a Cincinnati based finance intermediary, is pleased to announce the closing of a $1.4MM conventional refinance loan for a Microtel Inn and Suites in Dayton, Ohio.  The borrowers were seeking to replace floating rate SBA debt whereby the interest rate had climbed to 10% due to interest rate hikes. 513 Capital was able […]

$3,770,000 Hotel Acquisition Loan Closed

$3,770,000 Hotel Acquisition Loan Closed

August 20, 2024
Categories: Uncategorized

513 Capital, a Cincinnati based finance intermediary, is pleased to announce the closing of a $3.77MM hotel acquisition loan for a Mason, Ohio located LaQuinta by Wyndham.  The loan was completed using an SBA 7a Preferred Lending Partner. The borrower was a first time hotel buyer and local to the property. The property was is […]

$2,400,000 Hotel Refinance Loan Closed

$2,400,000 Hotel Refinance Loan Closed

August 15, 2024
Categories: Uncategorized

513 Capital, a Cincinnati based finance intermediary, is pleased to announce the closing of a $2.4MM refinance loan for a Twinsburg, Ohio Hotel Property.  The loan was completed with a bank using the SBA 7a program. The borrower, who is a regional hotel owner an operator, had existing debt that was maturing and the bank […]

$3,000,000 Hotel Acquisition and PIP Loan Closed

$3,000,000 Hotel Acquisition and PIP Loan Closed

August 15, 2024
Categories: Uncategorized

513 Capital, a Cincinnati based finance intermediary, is pleased to announce the closing of a $3MM, 80% of cost, acquisition loan for an Meridian, Mississippi Hotel Property.  The loan was completed using an SBA 7a Preferred Lending Partner. The borrower, who is a first time hotel buyer and local to the property, engaged 513 Capital […]

$8,144,000 Hotel Acquisition and PIP Loan Closed

$8,144,000 Hotel Acquisition and PIP Loan Closed

March 6, 2024
Categories: Uncategorized

513 Capital, a Cincinnati based finance intermediary, is pleased to announce the closing of a $8.144MM, 80% of cost, acquisition loan for an Ohio Hotel Property.  The loan was completed with a bank partner/interim lender, and approved with a SBA 504 debenture. The borrower, who is a regional hotel owner an operator, won the property […]

Thank You SLPS of Dallas!

Thank You SLPS of Dallas!

March 6, 2024
Categories: Uncategorized

It was a great honor and a whole lot of fun to be able to Sponsor this event in Dallas. We appreciate seeing everyone, meeting new people, and this great community. We’ll see you as a sponsor next year!

$800,000 Hotel Acquisition Loan Closed

$800,000 Hotel Acquisition Loan Closed

March 6, 2024
Categories: Uncategorized

513 Capital, a Cincinnati based finance intermediary, is pleased to announce the closing of a $800k acquisition loan for a Dayton, OH Independent Hotel purchase.  The loan featured a 25 year fully amortization, US WSJ P + 1.5% fixed interest rate, and a Loan to cost of 75%. 513 Capital was able to arrange the […]

$3,500,000 Hotel Acquisition Loan Closed

$3,500,000 Hotel Acquisition Loan Closed

December 29, 2023
Categories: Uncategorized

513 Capital, a Cincinnati based finance intermediary, is pleased to announce the closing of a $3.5MM acquisition loan for a St Charles, LA hotel purchase.  The loan featured a 25 year fully amortized, US WSJ P + 1.5% fixed interest rate, and a Loan to Cost of 80%. 513 Capital was able to arrange the […]

$1,000,000 Hotel Refinance Loan Closed Cuero, TX

$1,000,000 Hotel Refinance Loan Closed Cuero, TX

December 29, 2023
Categories: Uncategorized

513 Capital, a Cincinnati based finance intermediary, is pleased to announce the closing of a $1MM refinance loan for a Cuero, TX Fairbridge Inn and Suites.  The loan featured a 25 year fully amortization, and a US WSJ P + 1.5% interest rate. 513 Capital helped this client with the acquisition of the hotel last […]