513 Capital, a Cincinnati based finance intermediary, is pleased to announce the closing of a $3.3MM acquisition loan for a Columbus, OH Quality Inn purchase. The loan featured a 25 year fully amortization, US WSJ P + 1.5% fixed interest rate, and a Loan to cost of 79%. 513 Capital was able to arrange the […]
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513 Capital, a Cincinnati based finance intermediary, is pleased to announce the closing of a $6.3MM acquisition loan for a Albuquerque, NM area Medical Office Building purchase. The loan featured a 30 year amortization, 7yr UST + 2.30% fixed interest rate, a seven year term with 36 month prepayment penalty, and non recourse to the […]
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513 Capital, a Cincinnati based finance intermediary, is pleased to announce the closing of a $4.41MM, 85% of cost, expansion loan for an Assisted Living operation in Oregon. The loan was completed with a bank partner/interim lender, and approved with a SBA 504 debenture. The borrower, who has an existing 5 bed Adult Foster Care, […]
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513 Capital, a Cincinnati based finance intermediary, is pleased to announce the closing of a $1.423MM conventional refinance loan for a Demopolis, AL Days Inn. The loan featured a 15 year amortization, 5% fixed interest rate for the first 5 years then annual adjustments at WSJ P + 0% for the remainder of the loan. […]
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513 Capital, a Cincinnati based finance intermediary, is pleased to announce the closing of a $892,000 bridge loan for the $1,275,000 acquisition of a bank owned hotel. The loan featured a 12 month interest only term. The borrower, who is a long term client, is expanding his hotel portfolio and negotiated an opportunistic but quick […]
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Over 120 players showed up from as far as Arizona to play in the 2nd annual Cincinnati Golf Tournament. This two day event was blessed with great weather, incredible food, and good times. We’ll be happy to be back again next year. Cheers to all that made it happen.
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513 Capital, a Cincinnati based finance intermediary, is pleased to announce the closing of a $5.063MM acquisition loan for a Phoenix area Medical Office Building purchase. The loan featured a 30 year amortization, 5.03% fixed interest rate, a seven year term with no prepayment penalty, and non recourse to the sponsors. 513 Capital was able […]
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513 Capital, a Cincinnati based finance intermediary, is pleased to announce the closing of a $731,000 permanent loan structure for a 21,000 gross leasable sf office building. The loan featured 4.50% fixed interest rate, a five year term, and a LIP facility for tenant improvements and leasing commissions. The borrowers negotiated a below market acquisition […]
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After a year sidelined by covid, the Cincinnati Volleyball Club spun back into action last weekend. We were greeted with perfect weather, competitive volleyball, and amazing food. Teams travelled from as far as Dallas, Michigan, and Atlanta join the largest (48 teams) event in CVC’s history. We were so very happy to be able to […]
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513 Capital, a Cincinnati based finance intermediary, is pleased to announce the closing of a $550,000 acquisition loan closed for a local Bookkeeping business. The loan supported the acquisition of the bookkeeping business and the office property owned by the seller with total sales price of $495,000. The loan featured a 16 year fully amortizing […]
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