Uncategorized – 513 CAPITAL

$1,600,000 Office Equity Recapture Loan Closed

February 19, 2025

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513 Capital, a Cincinnati based finance intermediary, is pleased to announce the closing of a $1.6MM Equity Recapture Loan. The borrowers/owners of the property recently purchased this 36k rental square ft. office property from out of state owners below market value. At closing, new ownership brought in a new tenant increasing occupancy 20%. Their purchase […]

$3,000,000 Ground Up Construction Loan Closed

December 26, 2024

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513 Capital, a Cincinnati based finance intermediary, is pleased to announce the closing of a $3MM, 75% of cost, construction loan for a Circle K Branded Gas Station. The loan was completed using an SBA 7a Preferred Lending Partner. The borrower/developer owned the land bordering his hotel and adjacent to a major highway. It is […]

$10,500,000 Hotel Acquisition and PIP Loan Closed

December 26, 2024

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513 Capital, a Cincinnati based finance intermediary, is pleased to announce the closing of a $10.5MM, 80% of cost, acquisition loan for an Ohio Hotel Property. The loan was completed with a bank partner/interim lender, and approved with a SBA 504 debenture. The borrower, who is a regional hotel owner an operator, won the property […]

$1,400,000 Conventional Loan Motel Refinance

November 7, 2024

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513 Capital, a Cincinnati based finance intermediary, is pleased to announce the closing of a $1.4MM conventional refinance loan for a Microtel Inn and Suites in Dayton, Ohio. 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 […]

$3,770,000 Hotel Acquisition Loan Closed

August 20, 2024

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513 Capital, a Cincinnati based finance intermediary, is pleased to announce the closing of a $3.77MM hotel acquisition loan for a Mason, Ohio located LaQuinta by Wyndham. The loan was completed using an SBA 7a Preferred Lending Partner. The borrower was a first time hotel buyer and local to the property. The property was is […]

1st Annual Columbus Regional Volleyball Tournament Sponsor

August 20, 2024

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513 Capital was pleased to be a sponsor of the Columbus Ohio Surti Association event last weekend. Great friends, amazing food, and lots of fun. We will be back next year.

$2,400,000 Hotel Refinance Loan Closed

August 15, 2024

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513 Capital, a Cincinnati based finance intermediary, is pleased to announce the closing of a $2.4MM refinance loan for a Twinsburg, Ohio Hotel Property. The loan was completed with a bank using the SBA 7a program. The borrower, who is a regional hotel owner an operator, had existing debt that was maturing and the bank […]

$3,000,000 Hotel Acquisition and PIP Loan Closed

August 15, 2024

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513 Capital, a Cincinnati based finance intermediary, is pleased to announce the closing of a $3MM, 80% of cost, acquisition loan for an Meridian, Mississippi Hotel Property. The loan was completed using an SBA 7a Preferred Lending Partner. The borrower, who is a first time hotel buyer and local to the property, engaged 513 Capital […]

$8,144,000 Hotel Acquisition and PIP Loan Closed

March 6, 2024

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513 Capital, a Cincinnati based finance intermediary, is pleased to announce the closing of a $8.144MM, 80% of cost, acquisition loan for an Ohio Hotel Property. The loan was completed with a bank partner/interim lender, and approved with a SBA 504 debenture. The borrower, who is a regional hotel owner an operator, won the property […]

Thank You SLPS of Dallas!

March 6, 2024

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It was a great honor and a whole lot of fun to be able to Sponsor this event in Dallas. We appreciate seeing everyone, meeting new people, and this great community. We’ll see you as a sponsor next year!