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$1,750,000 Hotel Acquisition Closed

$1,750,000 Hotel Acquisition Closed

March 8, 2021
Categories: Uncategorized

513 Capital, a Cincinnati based finance intermediary, is pleased to announce the closing of a $1.35MM hotel acquisition loan for a Marietta, OH located Baymont by Wyndham.  The loan supported a $1,750,000 acquisition price along with $150,000 in working capital. New ownership was expanding their portfolio with their second hotel purchase in 2 years. 513 […]

$2,100,000 Hotel Acquisition Closed

$2,100,000 Hotel Acquisition Closed

November 30, 2020
Categories: Uncategorized

513 Capital, a Cincinnati based finance intermediary, is pleased to announce the funding loan of a $1.6MM hotel loan for a Marietta, OH located Quality Inn and Conference Center.  The loan supported a $2,100,000 acquisition price along with $100,000 in working capital. New ownership has experience in the market and will be taking over from […]

$1,023,000 Multifamily loan closed

$1,023,000 Multifamily loan closed

October 8, 2020
Categories: Uncategorized

513 Capital, a Cincinnati based finance intermediary, is pleased to announce the funding of a $1,023,000 Cash Out refinance loan for a 26 unit multifamily property in Lexington, KY.  The loan featured a 3.62% fixed interest rate, a 10 year term with 30 years of amortization, 5 years of interest only, and provided close to […]

$600,000 Loan closing for Hotel Refinance

$600,000 Loan closing for Hotel Refinance

October 5, 2020
Categories: Uncategorized

513 Capital, a Cincinnati based finance intermediary, is pleased to announce the funding of a $600,000 refinance loan for an economy scale hotel in Zanesville, Ohio.  The loan supported by an Econolodge property who’s been under the same ownership for 16 years.  The facility was arranged through an east coast SBA Lender. 513 Capital was […]

$2,575,000 Hotel Acquisition closed

$2,575,000 Hotel Acquisition closed

September 22, 2020
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513 Capital, a Cincinnati based finance intermediary, is pleased to announce the funding loan of a $2.035MM loan for a Meridian, MS located LaQuinta Inn and Suites by Wyndham.  The loan was closed in time to receive the extraordinary 6 month Cares Act payment benefit. The facility represented 78% of the purchase price and was […]

$1,350,000 Hotel Acquisition loan closed

$1,350,000 Hotel Acquisition loan closed

August 31, 2020
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513 Capital, a Cincinnati based finance intermediary, is pleased to announce the funding loan of a $1.35MM acquisition for a Columbia, MO located Super 8 by Wyndham.  The loan was closed in time to receive the extraordinary 6 month Cares Act payment benefit. The facility was arranged through an east coast PLP bank and featured […]

$4,935,000 Equipment and Working Capital Loan Closed

$4,935,000 Equipment and Working Capital Loan Closed

August 27, 2020
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513 Capital, a Cincinnati based finance intermediary, is pleased to announce the refinance funding for a Winnie, Texas based materials and service supplier. The company owner was doubling his revenue year over year and sought to consolidate outstanding debt and secure working capital for more growth. 513 Capital arranged the refinance transaction with a Midwest […]

$2,900,000 PACE Funding

$2,900,000 PACE Funding

February 27, 2020
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Are you familiar with PACE Funds? We recently provide $2,900,000 in PACE funding for two hotel construction deals in Florida. PACE is not a mortgage, rather a tax assessment, and is transferred with the sale of the property and not guaranteed by the sponsor or ownership.  Terms and fees are generally attractive.   If you would like […]

80 Room Motel 6 Loan Closed

80 Room Motel 6 Loan Closed

September 30, 2019
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513 Capital, a Cincinnati based finance intermediary, is pleased to announce the refinance funding of an 80 room Motel 6. The ownership had a floating rate SBA 7a loan and wished to refinance to a fixed rate conventional loan. Working with a small regional bank, 513 Capital arranged the refinance transaction with an attractive 5.1% […]

$2,500,000 Hotel Acquisition loan closed

$2,500,000 Hotel Acquisition loan closed

August 29, 2019
Categories: Uncategorized

513 Capital, a Cincinnati based finance intermediary, is pleased to announce the funding of a $2.5MM acquisition loan for a Seminole, OK located Best Western.  The loan supported the $3,600,000 purchase price.  The facility was arranged through a regional bank and featured a 4.85% fixed interest rate amortizing over 20 years. 513 Capital was able […]