$3,045,000 Retail Center Acquisition Bridge Loan Closed

5/1/2026

513 Capital, a Cincinnati-based finance intermediary, is pleased to announce the closing of a $3.04MM acquisition loan for a retail center in Cleveland, Ohio.

The buyers of the property were under contract to purchase but running out of time to find financing after several frustrating bank applications.

513 Capital arranged quick turning bridge financing that allowed them to execute on the purchase contract.  513 Capital provided and LOI within 1 day from a National REIT structured bridge lender and closed the transaction within 3 weeks.

513 Capital specializes in bank, SBA, CMBS, and private commercial real estate funding.