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$5,940,000 Hotel Acquisition Loan Closed

$5,940,000 Hotel Acquisition Loan Closed

September 5, 2023
Categories: Uncategorized

513 Capital, a Cincinnati based finance intermediary, is pleased to announce the closing of a $5.94MM, 80% of cost, acquisition loan for an Ohio Holiday Inn Express 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, was […]

$1,900,000 Conventional Loan Refinance Econolodge Alabama

$1,900,000 Conventional Loan Refinance Econolodge Alabama

July 25, 2023
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513 Capital, a Cincinnati based finance intermediary, is pleased to announce the closing of a $1.9MM conventional refinance loan for an Econolodge in Huntsville, Alabama.  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 to arrange permanent […]

2023 Cincinnati Volleyball Golf Sponsor

2023 Cincinnati Volleyball Golf Sponsor

July 25, 2023
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What an incredible weekend playing golf and enjoying friends at Glenview Golf Course in Cincinnati. We avoided some wild weather and were able to get off the tee for both days. Thanks again Cincinnati Volleyball Club and all the participants that came from all over the country. See you next year.

$3,200,000 Hotel Acquisition Loan in New Mexico Closed

$3,200,000 Hotel Acquisition Loan in New Mexico Closed

June 14, 2023
Categories: Uncategorized

513 Capital, a Cincinnati based finance intermediary, is pleased to announce the closing of a $3.2MM acquisition loan for a Las Cruces, NM Motel 6 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 […]

$7,200,000 Medical Office Bridge Loan Closed

$7,200,000 Medical Office Bridge Loan Closed

June 14, 2023
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513 Capital, a Cincinnati based finance intermediary, is pleased to announce the closing of a $7.2MM bridge loan refinance for a Medical Office Property in Austin, Texas.  The ownership is Medical Office mandated Acquisition Fund and was running into a loan maturity with their existing lender. A previous bank failed to close on the refinance […]

$1,500,000 Conventional Hotel Refinance Loan Closed

$1,500,000 Conventional Hotel Refinance Loan Closed

June 14, 2023
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513 Capital, a Cincinnati based finance intermediary, is pleased to announce the closing of a $1.5MM conventional refinance loan for a Poconos, PA Clarion.  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 to arrange permanent conventional […]

Cincinnati Volleyball Platinum Sponsor 2023

Cincinnati Volleyball Platinum Sponsor 2023

May 16, 2023
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Another year, another great tournament from the Cincinnati Volleyball Club. We proudly sponsor this incredible event every year as a Platinum level Sponsor for our friends in the club. Players came from all over the country to be blessed with great weather, amazing food, and lots of laughs… some strong competition as well. See you […]

$1,900,000 Hotel Refinance Loan Closed

$1,900,000 Hotel Refinance Loan Closed

May 2, 2023
Categories: Uncategorized

513 Capital, a Cincinnati based finance intermediary, is pleased to announce the closing of a $1.9MM refinance loan for a Youngstown, OH Quality Inn.  The borrowers were seeking to replace floating rate SBA debt whereby the interest rate had climbed to almost 10% due to rate hikes. 513 Capital was able to arrange permanent conventional […]

Dayton Open Volleyball 2023

Dayton Open Volleyball 2023

April 28, 2023
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Thank you players and guests of the 1st annual Dayton Volleyball Tournament. Teams arrived from all over the country to enjoy this incredible event. 513 Capital was excited to be an inaugural sponsor. We will certainly see you next year!

$3,300,000 Hotel Acquisition Loan Closed

$3,300,000 Hotel Acquisition Loan Closed

March 24, 2023
Categories: Uncategorized

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 […]