Author - dredlinger

Multi-tenant Office Permanent Financing Closed

Multi-tenant Office Permanent Financing Closed

May 26, 2022
Categories: Uncategorized

513 Capital, a Cincinnati based finance intermediary, is pleased to announce the closing of a $731,000 permanent loan structure for a 21,000 gross leasable sf office building.  The loan featured 4.50% fixed interest rate, a five year term, and a LIP facility for tenant improvements and leasing commissions. The borrowers negotiated a below market acquisition […]

2022 Cincinnati Volleyball Club Platinum Sponsor

2022 Cincinnati Volleyball Club Platinum Sponsor

May 18, 2022
Categories: Uncategorized

After a year sidelined by covid, the Cincinnati Volleyball Club spun back into action last weekend. We were greeted with perfect weather, competitive volleyball, and amazing food. Teams travelled from as far as Dallas, Michigan, and Atlanta join the largest (48 teams) event in CVC’s history. We were so very happy to be able to […]

110% Loan to Cost Business Acquisition Loan Closed

110% Loan to Cost Business Acquisition Loan Closed

May 3, 2022
Categories: Uncategorized

513 Capital, a Cincinnati based finance intermediary, is pleased to announce the closing of a $550,000 acquisition loan closed for a local Bookkeeping business. The loan supported the acquisition of the bookkeeping business and the office property owned by the seller with total sales price of $495,000. The loan featured a 16 year fully amortizing […]

$8,320,000 Medical Office Portfolio Loan Closed

$8,320,000 Medical Office Portfolio Loan Closed

January 6, 2022
Categories: Uncategorized

513 Capital, a Cincinnati based finance intermediary, is pleased to announce the closing of a $8.32MM acquisition loan closed on 2 Cincinnati area Medical Office Buildings.  The loan featured a 30 year amortization, 3.95% fixed interest rate, a five year term with no prepayment penalty, and non recourse to the sponsors. 513 Capital was able […]

$4,900,000 Hotel Refinance Loan Closed

$4,900,000 Hotel Refinance Loan Closed

December 2, 2021
Categories: Uncategorized

513 Capital, a Cincinnati based finance intermediary, is pleased to announce the closing of a $4.9MM hotel refinance loan for a Juneau, Alaska located Super 8.  The loan supported the takeout refinance of bridge debt the owner had used to make significant interior and exterior improvements to the property. The new debt will be long […]

$3,350,000 Hotel Refinance & PIP Loan Closed

$3,350,000 Hotel Refinance & PIP Loan Closed

November 1, 2021
Categories: Uncategorized

513 Capital, a Cincinnati based finance intermediary, is pleased to announce the closing of a $3.35MM hotel refinance and PIP loan for a Beavercreek, Ohio located Country Inn and Suites.  The loan supported a $2,850,000 refinance along with $500,000 in Property Improvement Plan (PIP) capital. Hotel upgrades are planned to start right away. 513 Capital […]

$2,315,000 Hotel Acquisition Loan Closed

$2,315,000 Hotel Acquisition Loan Closed

September 8, 2021
Categories: Uncategorized

513 Capital, a Cincinnati based finance intermediary, is pleased to announce the closing of a $2.3MM hotel acquisition loan for a Westlake, Ohio located Red Roof Hotel.  The loan supported a $2,650,000 acquisition price along with $300,000 in PIP capital. New ownership will operate this hotel as owner-operator. 513 Capital was able to arrange the […]

$5,000,000 Hotel Acquisition Loan Closed

$5,000,000 Hotel Acquisition Loan Closed

May 25, 2021
Categories: Uncategorized

513 Capital, a Cincinnati based finance intermediary, is pleased to announce the closing of a $5MM hotel acquisition loan for a Lakeland, Florida located LaQuinta Hotel.  The loan supported a $6,350,000 acquisition price along with $100,000 in working capital. New ownership will operate this hotel as owner-operator. 513 Capital was able to arrange the financing […]

$8,850,000 Medical Office Building Loan Closed

$8,850,000 Medical Office Building Loan Closed

April 28, 2021
Categories: Uncategorized

513 Capital, a Cincinnati based finance intermediary, is pleased to announce the closing of a $8.85MM loan for the acquisition of a Glendale, Arizona Class A Medical Office Building. The loan supported the $13,370,000 acquisition price along with $400,000 in TI/LC future funding. New ownership is an experienced MOB investor and expanding their portfolio in […]

107% LTV Financing for Office Property Closed

107% LTV Financing for Office Property Closed

April 20, 2021
Categories: Uncategorized

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 […]