Fifty Stones Capital Group Closes $5.1 Million Cash-Out Refinance Loan for Industrial Facility Under Long-Term Lease.

New York, NY — November 14, 2024 — Fifty Stones Capital Group, a recognized leader in commercial real estate finance, has successfully closed a $5,109,000 senior secured loan for the cash-out refinance of a high-performing single-tenant industrial manufacturing facility. This strategically structured transaction underscores the firm’s ability to deliver intelligent, tailored capital solutions on a tight timeline, even with layers of complexity surrounding lease execution, underwriting due diligence, and borrower liquidity.

The borrower, a seasoned industrial property investor, had acquired and redeveloped a well-situated 78,560-square-foot manufacturing facility on a 3.33-acre parcel. As of late 2024, the facility was nearing full lease execution with a nationally recognized industrial tenant who committed to a 15-year absolute triple net lease, creating an immediate opportunity for liquidity extraction. Despite the tenant’s lease being in final negotiations, the borrower faced a narrow window to pull out equity and pay down prior obligations while positioning themselves for future acquisitions. With the clock ticking and $7.86 million in market value confirmed via a recent Colliers International appraisal, the borrower needed a lender who could structure and execute a high-leverage, low-friction refinance, fast.

A broker who had previously closed with Fifty Stones Capital reintroduced the borrower, confident the firm could navigate the nuances of the deal, lease contingencies, cash-out motivations, and a DSCR of 1.24x based on projected NOI of $549,920. Fifty Stones Capital swiftly underwrote and structured a $5.1 million facility at 65% LTV, offering multiple amortization options and a borrower-preferred interest-only period of up to 36 months, followed by either a 25-year or 30-year amortization.

Despite the pending lease at the time of engagement, Fifty Stones anchored the loan commitment to the lease’s imminent execution, carefully aligning disbursement with lease signature, tenant financial verification, and clean title delivery.

“This deal showcased our ability to marry speed with structure,” said Mark Shea, the CEO of Fifty Stones Capital Group. “Our team worked hand-in-glove with the borrower and broker to structure a flexible loan that met both liquidity and long-term investment needs, while managing key underwriting conditions tied to a significant lease transaction.”

About Fifty Stones Capital Group

Fifty Stones Capital Group is a private commercial real estate lender specializing in bespoke financing solutions ranging from $5 million to $80 million. With a focus on ground-up construction, bridge loans, cash-out refinancing, and value-add repositioning, the firm has built a reputation for speed, certainty, and creativity across asset classes and markets.