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$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!

$3,650,000 Refinance Loan Closed for Limited Service Hotel

$3,650,000 Refinance Loan Closed for Limited Service Hotel

April 24, 2019
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513 Capital, a Cincinnati based finance intermediary, is pleased to announce the funding of an 3.65MM refinance loan for a Twinsburg, Ohio Limited Service Hotel.  The loan was arranged through a local bank and a government collateral enhancement program .  The conventional loan featured an attractive 5.5% fixed interest rate with a renewing term every […]

Independent Hotel Acquisition Financed

Independent Hotel Acquisition Financed

March 31, 2019
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513 Capital, a Cincinnati based finance intermediary, is pleased to announce the funding of an $900,000 acquisition for a Marion Indiana Independent Hotel.  The loan facility was arranged with a southeastern bank lender and featured a 25 year fully amortizing term and an attractive interest rate. The borrowers were first time hotel owners with one […]

$1,650,000 refinance loan arranged for Chicago area Gas Station

$1,650,000 refinance loan arranged for Chicago area Gas Station

December 6, 2018
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513 Capital, a Cincinnati based finance intermediary, is pleased to announce the funding of an 1.65MM refinance loan for a Chicago area Shell Gas Station.  The loan represented 80% loan to value. The loan facility was arranged with a southeastern bank lender and featured a 25 year fully amortizing term and an attractive interest rate. […]

$2,700,000 Acquisition Loan closed for Cleveland Hotel

$2,700,000 Acquisition Loan closed for Cleveland Hotel

November 30, 2018
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513 Capital, a Cincinnati based finance intermediary, is pleased to announce the funding of an 2.7MM acquisition loan for a Macedonia, Ohio Country Inn and Suites.  The loan represented 70% loan to cost on the acquisition price and property improvement plan. This is 513 Capital’s third acquisition loan for this client.  The loan facility was […]

$11,300,000 Hotel Construction Loan Arranged

$11,300,000 Hotel Construction Loan Arranged

September 28, 2018
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513 Capital, a Cincinnati based finance intermediary, is pleased to announce the funding of an 11.3MM Hotel Construction loan for a Pennsylvania Holiday Inn Express.  The loan represents 80% of the total construction and land costs.  The facility was arranged through an Midwest Lender, a local CDC, and interim construction lender. 513 Capital was able […]

$1,260,000 loan closed for Kentucky Econolodge

$1,260,000 loan closed for Kentucky Econolodge

September 24, 2018
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513 Capital, a Cincinnati based finance intermediary, is pleased to announce the funding of a refinance loan for a London, Kentucky Econolodge.  The loan replaced a seller note which was used to acquire the property.  The facility was arranged through an Midwest SBA Lender. 513 Capital was able to arrange the financing for an owner-operator […]