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

  • Writer: Richard Simis
    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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The website www.fiftystonecapitalgroup.com is operated by FiftyStone Capital Group. By accessing this site and its pages, you agree to our Terms of Use and Privacy Policy. Please note, using this website does not constitute an application for a mortgage loan nor an offer to lend. Loans are originated or arranged by FiftyStone Capital Group (the “Fund”). FiftyStone Capital Group is a registered company in California, in accordance with state laws California Secretary of State. Mortgage loan products on this website are available to qualified borrowers for business or commercial purposes only. Origination fees and additional charges may apply. Financing is subject to certain conditions, including due diligence, credit evaluation, and approval of the property in question. Borrowers must meet underwriting criteria to qualify. FiftyStone Capital and all other trademarks are the property of their respective owners and are not endorsed or affiliated with any government agency. Rates and terms are subject to change at any time without notice and may be restricted by state regulations.
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