Blog

Acquisition Bridge Loan Closed in 2 Weeks

July 26, 2022
Categories: Uncategorized

513 Capital, a Cincinnati based finance intermediary, is pleased to announce the closing of a $892,000 bridge loan for the $1,275,000 acquisition of a bank owned hotel.  The loan featured a 12 month interest only term. The borrower, who is a long term client, is expanding his hotel portfolio and negotiated an opportunistic but quick […]

2022 Cincinnati Golf Tournament Sponsor

July 15, 2022
Categories: Uncategorized

Over 120 players showed up from as far as Arizona to play in the 2nd annual Cincinnati Golf Tournament. This two day event was blessed with great weather, incredible food, and good times. We’ll be happy to be back again next year. Cheers to all that made it happen.

$5,063,000 Medical Office Building Acquisition Loan Closed

June 21, 2022
Categories: Uncategorized

513 Capital, a Cincinnati based finance intermediary, is pleased to announce the closing of a $5.063MM acquisition loan for a Phoenix area Medical Office Building purchase.  The loan featured a 30 year amortization, 5.03% fixed interest rate, a seven year term with no prepayment penalty, and non recourse to the sponsors. 513 Capital was able […]

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

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

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

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

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

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

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 […]