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Super 8 Hotel Acquisition Renovation Loan for $1,139,000 Closed

Super 8 Hotel Acquisition Renovation Loan for $1,139,000 Closed

October 24, 2017
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513 Capital, a commercial real estate advisory firm is pleased to announce the closing of a $1,139,000 acquisition and PIP loan for a 74-key Super 8 hotel. 513 advised and arranged a bank loan facility which featured a fully amortizing 25 year term and $200,000 in working capital and renovation funding. The loan pricing was […]

$10,000,000 Residential Fix-and-Flip Credit Facility Closed

$10,000,000 Residential Fix-and-Flip Credit Facility Closed

October 24, 2017
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513 Capital, a real estate advisory firm is pleased to announce the closing of a $10,000,000 credit facility for a residential fix-and-flip investor. The credit facility will allow the investor to execute their market expansion plans, refinance part of their existing portfolio and provide capital of up to 85% of cost for each property purchased. […]

$10,625,000 Closed Courtyard Hotel Acquisition & Renovation

$10,625,000 Closed Courtyard Hotel Acquisition & Renovation

October 24, 2017
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513 Capital, is pleased to announce the closing of a $10,625,000 hotel acquisition and renovation loan for a 150-key Full Service Courtyard by Marriott. The hotel was acquired by an experienced ownership group who will implement an extensive property improvement plan in order to bring the hotel up to the highest brand standards. 513 Capital […]

Hampton Inn Hotel Refinanced for $2,000,000 Closed

Hampton Inn Hotel Refinanced for $2,000,000 Closed

October 23, 2017
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John Love is please to announce the closing of a $2,000,000 refinance for a 59-key Hampton Inn. John advised and arranged a conventional loan, featuring 3.25% interest rate, 5 year fixed, amortized over 15-years. 513 Capital arranges capital through a broad range of sources from hedge funds, life companies, CMBS, private investors, SBA, to regional […]

Motel 6 Renovation Loan Closed

Motel 6 Renovation Loan Closed

October 23, 2017
Categories: Uncategorized

513 Capital, a commercial real estate advisory firm is pleased to announce the closing of a PIP renovation loan. The subject property was a 2-story exterior corridor limited service Motel 6.  Daniel Redlinger advised and arranged a fully amortizing bank loan facility, provided the capital necessary to complete the complete renovation of the hotel. Daniel […]

Holiday Inn Express Refinance & Renovation Loan for $4,500,000

Holiday Inn Express Refinance & Renovation Loan for $4,500,000

October 23, 2017
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Daniel Redlinger is pleased to announce the closing of a $4,500,000 SBA refinance loan for a limited service, 71-key, interior corridor, Holiday Inn Express hotel. The loan refinanced existing debt and provided ownership with all renovation capital necessary to perform IHG’s Formula Blue PIP.  We worked with ownership through the entire process, advised and arranged […]