Fifty Stones Capital Group Closes Thrilling $7M Fix and Flip Loan Deal in Alabama
- Richard Simis
- Jul 18, 2022
- 3 min read
MONTGOMERY, AL – July 18, 2022 – In a tale of resilience, expertise, and unwavering partnership, Fifty Stones Capital Group is proud to announce the successful closure of a dynamic $7M Fix and Flip Loan deal in Alabama, marking yet another milestone with a returning client whose trust in the firm has only deepened over time. This deal, finalized against a backdrop of unexpected hurdles, showcases Fifty Stones’ commitment to turning challenges into triumphs, delivering a seamless transaction that leaves investors and borrowers alike on the edge of their seats.
This is a seasoned real estate investor, a familiar face to Fifty Stones Capital Group, who has previously collaborated with the firm on multiple successful ventures. With a track record of turning distressed properties into profitable gems, this client approached Fifty Stones once again, this time with an ambitious plan to revitalize a neglected property in Montgomery’s burgeoning market. The borrower’s history with Fifty Stones is a testament to their synergy, past projects have seen properties transformed from crumbling relics to sought-after homes, with each deal closing with precision and profitability. This returning client’s confidence in Fifty Stones was palpable, built on a foundation of prior successes that included navigating tight timelines and complex renovations.
However, this deal was not without its twists. Early in the process, unexpected hurdles emerged, permitting delays threatened to derail the timeline, while market fluctuations tested the project’s financial feasibility. Yet, Fifty Stones Capital Group rose to the occasion, their team of financial wizards and real estate strategists working tirelessly behind the scenes. With a blend of innovative financing solutions and a deep understanding of Alabama’s real estate landscape, they navigated these obstacles with finesse. The firm’s in-house experts expedited permit approvals through strategic partnerships, while their flexible loan structuring ensured the borrower’s cash flow remained intact despite market jitters. It was a high-stakes chess game, and Fifty Stones played every move with masterful precision.
The loan itself, a tailored Fix and Flip product, provided the borrower with the capital needed to acquire the property and fund a comprehensive renovation. The property, a once-grand Victorian home fallen into disrepair, was a diamond in the rough, featuring original hardwood floors buried under decades of neglect and a sprawling backyard ripe for modern landscaping. Fifty Stones’ $7M loan covered 90% of the purchase price and 100% of the rehab costs, a bold move that reflected their trust in the borrower’s proven expertise. The transaction closed in a record-breaking 10 days, a feat that left industry observers marveling at the firm’s efficiency.
What sets this story apart is the human element. The borrower, a Montgomery native with a passion for preserving the city’s architectural heritage, praised Fifty Stones for their hands-on approach. “Working with Fifty Stones feels like having a partner who’s as invested in the outcome as I am,” the borrower remarked. “Despite the permitting chaos and market dips, they kept the process smooth, communication was constant, and their solutions were spot-on. This isn’t our first rodeo, and it won’t be our last.”
Fifty Stones Capital Group’s reputation as a leader in private lending shines through in this deal. Their ability to adapt, combined with a client-centric philosophy, turned potential setbacks into a narrative of success. The renovated property is slated for a fall listing, with projections of a 30% return on investment, a figure that underscores the financial acumen both parties bring to the table.
About Fifty Stones Capital Group
Fifty Stones Capital Group is a premier private lending firm specializing in Fix and Flip, Bridge, and Rental loans across the United States. With a focus on tailored financing and client collaboration, they empower real estate investors to achieve their visions, turning challenges into opportunities. For more details, visit www.fiftystonescapitalgroup.com or send an email to info@fiftystonescapitalgroup.com.
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