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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 […]

Good timing and Great Karma

Good timing and Great Karma

August 13, 2018
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We love hearing the success stories of our clients.  After all, their success is our success. Last week one client called to personally thank me again for work on two loans I arranged for him.  His loan search started with a need to renovate his Holiday Inn Express to the Formula Blue PIP package.  This […]

$1,010,000 Independent hotel acquisition financing

$1,010,000 Independent hotel acquisition financing

June 5, 2018
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513 Capital, a Cincinnati based finance intermediary, is pleased to announce the funding of an acquisition loan for a Cincinnati located independent hotel.  The loan facility was arranged through an east coast SBA Lender. 513 Capital was able to arrange the financing for an owner-operator using the 7a program to support the transaction.  The loan […]

$2,750,000 Acquisition Bridge Loan arranged by 513 Capital

$2,750,000 Acquisition Bridge Loan arranged by 513 Capital

May 2, 2018
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513 Capital, a Cincinnati based finance intermediary, is pleased to announce the funding of an $2.75MM acquisition bridge loan for a 440k rsqft office complex in Lansing, MI.  The loan facility was arranged through a private investor and went from term sheet to closing in 4 business days. 513 Capital was able to arrange the […]

$3,250,000 Fairfield Inn & Suites Acquisition financed by 513 Capital

$3,250,000 Fairfield Inn & Suites Acquisition financed by 513 Capital

March 31, 2018
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513 Capital, a Cincinnati based finance intermediary, is pleased to announce the funding of an acquisition loan for a Texas located Fairfield Inn and Suites by Marriott.  The loan facility supported the acquisition price and a substantial property improvement plan (PIP) made for an experienced buying group.  513 Capital was able to arrange financing through […]