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$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 […]

$1,750,000 Hotel Acquisition Closed

$1,750,000 Hotel Acquisition Closed

March 8, 2021
Categories: Uncategorized

513 Capital, a Cincinnati based finance intermediary, is pleased to announce the closing of a $1.35MM hotel acquisition loan for a Marietta, OH located Baymont by Wyndham.  The loan supported a $1,750,000 acquisition price along with $150,000 in working capital. New ownership was expanding their portfolio with their second hotel purchase in 2 years. 513 […]

$2,100,000 Hotel Acquisition Closed

$2,100,000 Hotel Acquisition Closed

November 30, 2020
Categories: Uncategorized

513 Capital, a Cincinnati based finance intermediary, is pleased to announce the funding loan of a $1.6MM hotel loan for a Marietta, OH located Quality Inn and Conference Center.  The loan supported a $2,100,000 acquisition price along with $100,000 in working capital. New ownership has experience in the market and will be taking over from […]

$1,023,000 Multifamily loan closed

$1,023,000 Multifamily loan closed

October 8, 2020
Categories: Uncategorized

513 Capital, a Cincinnati based finance intermediary, is pleased to announce the funding of a $1,023,000 Cash Out refinance loan for a 26 unit multifamily property in Lexington, KY.  The loan featured a 3.62% fixed interest rate, a 10 year term with 30 years of amortization, 5 years of interest only, and provided close to […]

$600,000 Loan closing for Hotel Refinance

$600,000 Loan closing for Hotel Refinance

October 5, 2020
Categories: Uncategorized

513 Capital, a Cincinnati based finance intermediary, is pleased to announce the funding of a $600,000 refinance loan for an economy scale hotel in Zanesville, Ohio.  The loan supported by an Econolodge property who’s been under the same ownership for 16 years.  The facility was arranged through an east coast SBA Lender. 513 Capital was […]

$2,575,000 Hotel Acquisition closed

$2,575,000 Hotel Acquisition closed

September 22, 2020
Categories: Uncategorized

513 Capital, a Cincinnati based finance intermediary, is pleased to announce the funding loan of a $2.035MM loan for a Meridian, MS located LaQuinta Inn and Suites by Wyndham.  The loan was closed in time to receive the extraordinary 6 month Cares Act payment benefit. The facility represented 78% of the purchase price and was […]