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$7,200,000 Medical Office Bridge Loan Closed

$7,200,000 Medical Office Bridge Loan Closed

June 14, 2023
Categories: Uncategorized

513 Capital, a Cincinnati based finance intermediary, is pleased to announce the closing of a $7.2MM bridge loan refinance for a Medical Office Property in Austin, Texas.  The ownership is Medical Office mandated Acquisition Fund and was running into a loan maturity with their existing lender. A previous bank failed to close on the refinance […]

$1,500,000 Conventional Hotel Refinance Loan Closed

$1,500,000 Conventional Hotel Refinance Loan Closed

June 14, 2023
Categories: Uncategorized

513 Capital, a Cincinnati based finance intermediary, is pleased to announce the closing of a $1.5MM conventional refinance loan for a Poconos, PA Clarion.  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 to arrange permanent conventional […]

Cincinnati Volleyball Platinum Sponsor 2023

Cincinnati Volleyball Platinum Sponsor 2023

May 16, 2023
Categories: Uncategorized

Another year, another great tournament from the Cincinnati Volleyball Club. We proudly sponsor this incredible event every year as a Platinum level Sponsor for our friends in the club. Players came from all over the country to be blessed with great weather, amazing food, and lots of laughs… some strong competition as well. See you […]

$1,900,000 Hotel Refinance Loan Closed

$1,900,000 Hotel Refinance Loan Closed

May 2, 2023
Categories: Uncategorized

513 Capital, a Cincinnati based finance intermediary, is pleased to announce the closing of a $1.9MM refinance loan for a Youngstown, OH Quality Inn.  The borrowers were seeking to replace floating rate SBA debt whereby the interest rate had climbed to almost 10% due to rate hikes. 513 Capital was able to arrange permanent conventional […]

Dayton Open Volleyball 2023

Dayton Open Volleyball 2023

April 28, 2023
Categories: Uncategorized

Thank you players and guests of the 1st annual Dayton Volleyball Tournament. Teams arrived from all over the country to enjoy this incredible event. 513 Capital was excited to be an inaugural sponsor. We will certainly see you next year!

$3,300,000 Hotel Acquisition Loan Closed

$3,300,000 Hotel Acquisition Loan Closed

March 24, 2023
Categories: Uncategorized

513 Capital, a Cincinnati based finance intermediary, is pleased to announce the closing of a $3.3MM acquisition loan for a Columbus, OH Quality Inn purchase.  The loan featured a 25 year fully amortization, US WSJ P + 1.5% fixed interest rate, and a Loan to cost of 79%. 513 Capital was able to arrange the […]

$6,300,000 Medical Office Building Acquisition Loan Closed

$6,300,000 Medical Office Building Acquisition Loan Closed

December 5, 2022
Categories: Uncategorized

513 Capital, a Cincinnati based finance intermediary, is pleased to announce the closing of a $6.3MM acquisition loan for a Albuquerque, NM area Medical Office Building purchase.  The loan featured a 30 year amortization, 7yr UST + 2.30% fixed interest rate, a seven year term with 36 month prepayment penalty, and non recourse to the […]

$4,410,000 Assisted Living (504 Project) Expansion Loan Closed

$4,410,000 Assisted Living (504 Project) Expansion Loan Closed

October 27, 2022
Categories: Uncategorized

513 Capital, a Cincinnati based finance intermediary, is pleased to announce the closing of a $4.41MM, 85% of cost, expansion loan for an Assisted Living operation in Oregon.  The loan was completed with a bank partner/interim lender, and approved with a SBA 504 debenture. The borrower, who has an existing 5 bed Adult Foster Care, […]

$1,423,000 Hotel Conventional Refinance Loan Closed

$1,423,000 Hotel Conventional Refinance Loan Closed

August 17, 2022
Categories: Uncategorized

513 Capital, a Cincinnati based finance intermediary, is pleased to announce the closing of a $1.423MM conventional refinance loan for a Demopolis, AL Days Inn.  The loan featured a 15 year amortization, 5% fixed interest rate for the first 5 years then annual adjustments at WSJ P + 0% for the remainder of the loan. […]

Acquisition Bridge Loan Closed in 2 Weeks

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 […]