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$1,260,000 loan closed for Kentucky Econolodge

$1,260,000 loan closed for Kentucky Econolodge

September 24, 2018
Categories: Uncategorized

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
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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 […]

$3,250,000 Fairfield Inn & Suites Acquisition financed by 513 Capital

$3,250,000 Fairfield Inn & Suites Acquisition financed by 513 Capital

March 31, 2018
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513 Capital, a Cincinnati based finance intermediary, is pleased to announce the funding of an acquisition loan for a Texas located Fairfield Inn and Suites by Marriott.  The loan facility supported the acquisition price and a substantial property improvement plan (PIP) made for an experienced buying group.  513 Capital was able to arrange financing through […]

Super 8 Hotel Acquisition Renovation Loan for $1,139,000 Closed

Super 8 Hotel Acquisition Renovation Loan for $1,139,000 Closed

October 24, 2017
Categories: Uncategorized

513 Capital, a commercial real estate advisory firm is pleased to announce the closing of a $1,139,000 acquisition and PIP loan for a 74-key Super 8 hotel. 513 advised and arranged a bank loan facility which featured a fully amortizing 25 year term and $200,000 in working capital and renovation funding. The loan pricing was […]

$10,000,000 Residential Fix-and-Flip Credit Facility Closed

$10,000,000 Residential Fix-and-Flip Credit Facility Closed

October 24, 2017
Categories: Uncategorized

513 Capital, a real estate advisory firm is pleased to announce the closing of a $10,000,000 credit facility for a residential fix-and-flip investor. The credit facility will allow the investor to execute their market expansion plans, refinance part of their existing portfolio and provide capital of up to 85% of cost for each property purchased. […]

$10,625,000 Closed Courtyard Hotel Acquisition & Renovation

$10,625,000 Closed Courtyard Hotel Acquisition & Renovation

October 24, 2017
Categories: Uncategorized

513 Capital, is pleased to announce the closing of a $10,625,000 hotel acquisition and renovation loan for a 150-key Full Service Courtyard by Marriott. The hotel was acquired by an experienced ownership group who will implement an extensive property improvement plan in order to bring the hotel up to the highest brand standards. 513 Capital […]

Hampton Inn Hotel Refinanced for $2,000,000 Closed

Hampton Inn Hotel Refinanced for $2,000,000 Closed

October 23, 2017
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John Love is please to announce the closing of a $2,000,000 refinance for a 59-key Hampton Inn. John advised and arranged a conventional loan, featuring 3.25% interest rate, 5 year fixed, amortized over 15-years. 513 Capital arranges capital through a broad range of sources from hedge funds, life companies, CMBS, private investors, SBA, to regional […]