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$3,650,000 Refinance Loan Closed for Limited Service Hotel

$3,650,000 Refinance Loan Closed for Limited Service Hotel

April 24, 2019
Categories: Uncategorized

513 Capital, a Cincinnati based finance intermediary, is pleased to announce the funding of an 3.65MM refinance loan for a Twinsburg, Ohio Limited Service Hotel.  The loan was arranged through a local bank and a government collateral enhancement program .  The conventional loan featured an attractive 5.5% fixed interest rate with a renewing term every […]

Independent Hotel Acquisition Financed

Independent Hotel Acquisition Financed

March 31, 2019
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513 Capital, a Cincinnati based finance intermediary, is pleased to announce the funding of an $900,000 acquisition for a Marion Indiana Independent Hotel.  The loan facility was arranged with a southeastern bank lender and featured a 25 year fully amortizing term and an attractive interest rate. The borrowers were first time hotel owners with one […]

$1,650,000 refinance loan arranged for Chicago area Gas Station

$1,650,000 refinance loan arranged for Chicago area Gas Station

December 6, 2018
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513 Capital, a Cincinnati based finance intermediary, is pleased to announce the funding of an 1.65MM refinance loan for a Chicago area Shell Gas Station.  The loan represented 80% loan to value. The loan facility was arranged with a southeastern bank lender and featured a 25 year fully amortizing term and an attractive interest rate. […]

$2,700,000 Acquisition Loan closed for Cleveland Hotel

$2,700,000 Acquisition Loan closed for Cleveland Hotel

November 30, 2018
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513 Capital, a Cincinnati based finance intermediary, is pleased to announce the funding of an 2.7MM acquisition loan for a Macedonia, Ohio Country Inn and Suites.  The loan represented 70% loan to cost on the acquisition price and property improvement plan. This is 513 Capital’s third acquisition loan for this client.  The loan facility was […]

$11,300,000 Hotel Construction Loan Arranged

$11,300,000 Hotel Construction Loan Arranged

September 28, 2018
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513 Capital, a Cincinnati based finance intermediary, is pleased to announce the funding of an 11.3MM Hotel Construction loan for a Pennsylvania Holiday Inn Express.  The loan represents 80% of the total construction and land costs.  The facility was arranged through an Midwest Lender, a local CDC, and interim construction lender. 513 Capital was able […]

$1,260,000 loan closed for Kentucky Econolodge

$1,260,000 loan closed for Kentucky Econolodge

September 24, 2018
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513 Capital, a Cincinnati based finance intermediary, is pleased to announce the funding of a refinance loan for a London, Kentucky Econolodge.  The loan replaced a seller note which was used to acquire the property.  The facility was arranged through an Midwest SBA Lender. 513 Capital was able to arrange the financing for an owner-operator […]

Good timing and Great Karma

Good timing and Great Karma

August 13, 2018
Categories: Uncategorized

We love hearing the success stories of our clients.  After all, their success is our success. Last week one client called to personally thank me again for work on two loans I arranged for him.  His loan search started with a need to renovate his Holiday Inn Express to the Formula Blue PIP package.  This […]

$1,010,000 Independent hotel acquisition financing

$1,010,000 Independent hotel acquisition financing

June 5, 2018
Categories: Uncategorized

513 Capital, a Cincinnati based finance intermediary, is pleased to announce the funding of an acquisition loan for a Cincinnati located independent hotel.  The loan facility was arranged through an east coast SBA Lender. 513 Capital was able to arrange the financing for an owner-operator using the 7a program to support the transaction.  The loan […]

$2,750,000 Acquisition Bridge Loan arranged by 513 Capital

$2,750,000 Acquisition Bridge Loan arranged by 513 Capital

May 2, 2018
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513 Capital, a Cincinnati based finance intermediary, is pleased to announce the funding of an $2.75MM acquisition bridge loan for a 440k rsqft office complex in Lansing, MI.  The loan facility was arranged through a private investor and went from term sheet to closing in 4 business days. 513 Capital was able to arrange the […]