Great seeing all the friends and colleagues last week in New Orleans. We had great weather, fun, and networking for this incredible event. See you next year.
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513 Capital, a Cincinnati-based finance intermediary, is pleased to announce the closing of a $1.2MM Owner Occupied Real Estate Purchase Loan. The owners of a fast-growing online boutique occupied an industrial/office/warehouse space that was in a land contract arrangement with the previous owner. They were also contracted to purchase another building next door to expand. […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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.
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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 […]
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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 […]
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