Fifty Stones Capital Group Closes $8 Million Bridge Loan for Waterfront Portfolio in Florida.
- Richard Simis

- Jun 27, 2024
- 2 min read
Port Charlotte, FL – In a powerful display of strategic funding and trusted relationships, Fifty Stones Capital Group has successfully closed an $8 million bridge loan to help recapitalize and advance a prime $23 million appraised waterfront development portfolio in Port Charlotte, Florida.
This latest closing marks the second successful transaction brokered by a returning intermediary with a proven history of performance alongside Fifty Stones, demonstrating the lender's ongoing commitment to rewarding relationships built on execution, transparency, and speed.
Behind every deal is a connector, and in this case, the bridge to closing was made possible by a returning broker partner, who previously brought a similarly complex deal to Fifty Stones’ table. Their ability to navigate the nuances of development lending, advocate for the sponsor, and communicate lender expectations made this a smooth and fast-moving process. “Brokers are the lifeblood of our pipeline, and working with someone who already knows our structure, our diligence requirements, and our speed makes a huge difference,” said Mark Shea, the CEO of Fifty Stones. “This deal came to us hot and heavy, and we were ready to move because the trust was already there.”
The strategic importance of this bridge loan cannot be overstated. The financing not only eliminated fragmented liens across the property but also unlocked a critical acquisition, Parcel C, an entitled waterfront parcel essential to the long-term phasing of the master development plan.
The loan structure also included carefully calculated reserves, giving the sponsor room to breathe, plan, and pivot as the project advances into vertical execution. “This deal was more than just a refinance,” said a Mr. Shea. “It was a strategic inflection point, unlocking land, clearing debt, and putting the sponsor in the driver’s seat for a generational waterfront development.”
With over $23 million in appraised value, a highly invested sponsor, and a verified strong credit profile, this project is more than just another Florida development. It’s a vision backed by personal capital, community connection, and a lender who understands the terrain. Fifty Stones Capital Group is proud to play a key role in its next chapter, and even prouder to do so through a returning broker relationship that continues to deliver.
About Fifty Stones Capital Group
Fifty Stones Capital Group is a premier private real estate lender specializing in bridge, construction, and transitional asset financing across the US. Known for creative deal structuring, speed, and broker-friendly execution, Fifty Stones is committed to empowering developers and intermediaries alike to close quickly, efficiently, and with clarity.




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