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$600,000 Loan closing for Hotel Refinance

$600,000 Loan closing for Hotel Refinance

October 5, 2020
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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
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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 […]

$1,600,000 Loan closing for Hotel Acquisition

$1,600,000 Loan closing for Hotel Acquisition

July 6, 2019
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513 Capital, a Cincinnati based finance intermediary, is pleased to announce the funding of a 1.6MM acquisition loan for a Cleburne, Texas Fairbridge Inn & Suites.  The loan supported the $2,100,000 purchase price the buyer optioned.  The facility was arranged through an east coast SBA Lender. 513 Capital was able to arrange the financing for […]

$1,100,000 Dairy Queen Acquisition Loan Closed

$1,100,000 Dairy Queen Acquisition Loan Closed

May 21, 2019
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513 Capital, a Cincinnati based finance intermediary, is pleased to announce the funding for a 1.1MM purchase of a Dairy Queen in Northern Ohion The loan was arranged through a national SBA 7a PLP Bank partner. This loan featured a Prime + 1.5% interest rate with a fully amortizing 25 year loan term. The client […]

Cincinnati Volleyball Tournament 2019

Cincinnati Volleyball Tournament 2019

May 13, 2019
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It was great seeing so many friends and clients having fun with amazing food, laughs, and some good old fashion competition. Sponsoring this tournament every year is a great honor for us. Congrats to the Champions! See you next year!