Another successful outing with Cincinnati Volleyball Club. Over 50 foursomes competed on Saturday and Sunday. Golfers came from as far as Florida, Nevada, Texas, and Canada…. and it barely rained!! See you next year.
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513 Capital, a Cincinnati-based finance intermediary, is pleased to announce the closing of a $1.8MM Conventional Multifamily loan. The owners of a 72-unit multifamily property north of Dayton, Ohio had their existing debt maturing. The loan-to-value was very low, and the cash flow at the property was exceptional. Our task was to pitch the market […]
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513 Capital was honored to sponsor the annual Volleyball and Golf once again. This was the 17th Annual Volleyball Tournament hosted by the Cincinnati Volleyball Club. This is also our 12th sponsorship in a row for this event. Teams came in from as far away as Toronto, Texas, and Georgia. This year was a record […]
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513 Capital, a Cincinnati-based finance intermediary, is pleased to announce the closing of a $5MM Conventional Hotel loan. The owners of a Country Inn in Harrisburg, PA had a floating rate SBA 7a loan they wished to replace. The existing loan was used to acquire the property but had an interest rate of over 10%. […]
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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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