Fifty Stones Capital Group Closes Transformative $19.7M Deal for Mixed-Use Master Planned Community

Redlands, CA – October 11, 2023 – Fifty Stones Capital Group is thrilled to announce the successful closure of a $19.7 Million bridge loan on October 11, 2023, empowering visionary sponsors to advance a groundbreaking mixed-use, master-planned community spanning 949.65 acres in San Bernardino and Riverside Counties. This innovative financing, structured with an 8.5% interest-only rate over 36 months, reflects Fifty Stones’ commitment to fueling ambitious real estate projects with tailored financial solutions.

The sponsor approached Fifty Stones with a bold vision to transform five adjacent parcels into the next Del Webb 55 & Older Retirement Community. The 949.65-acre site, located in the rural yet highly sought-after Inland Empire, benefits from genuine demand for peaceful living environments. Initially, colored renderings were prepared for 350 acres, but with this loan, the sponsors amended plans to cover the entire acreage, securing an approved Tentative Tract Map (TTM) and Final Map for a mixed-use, live-work-play community. The project includes a diverse range of developments: single-family detached and attached homes, Class A and B multifamily units, townhomes/condos, build-for-rent (BFR) retail and senior communities, 55+ senior apartments, workforce affordable apartments, retail shopping centers, medical parks, horse boarding facilities, and a senior community event center. The loan proceeds will refinance $6 million in existing debt and fund pre-development soft costs, including entitlements, with six months of interest reserves withheld from the proceeds.

Fifty Stones Capital Group structured the financing as a 36-month bridge loan with an option to extend for an additional year, featuring an 8.5% interest-only rate. This flexible structure allows the sponsors to focus capital on entitlements and pre-development without fund control, trusting their expertise to invest wisely. The loan supports the amended TTM and Final Map process, leveraging the sponsors’ partnership with a top-notch civil engineering and architectural firm to maximize the usable land’s highest and best use.

The swift closure on October 11, 2023, underscores Fifty Stones’ ability to deliver rapid, strategic financing. The sponsors’ detailed proposal, supported by colored renderings and a clear exit strategy, ranging from TTM approval to joint ventures and outright sales, enabled a seamless evaluation. The 8.5% interest-only rate aligns with the project’s unique value and market demand, while the rural setting’s appeal and proximity to Loma Linda VA facilities add significant upside. Fifty Stones’ tailored approach ensured the sponsors could capitalize on this rare opportunity to create a transformative community.

“We are excited to partner with the sponsor and his team to bring this visionary mixed-use community to life,” said Mark Shea, CEO of Fifty Stones Capital Group. “Our 36-month, 8.5% interest-only loan, with an extension option, reflects our dedication to supporting innovative projects that meet the growing demand for 55+ and build-for-rent living.” This deal positions Fifty Stones Capital Group as a key enabler of large-scale, mixed-use developments, paving the way for a new era of retirement and multifamily living in the Inland Empire.

About Fifty Stones Capital GroupFifty Stones Capital Group specializes in providing innovative financing solutions for real estate investors across the United States and Canada, offering bridge loans and equity release to drive transformative projects. For more information about Fifty Stones Capital Group's loan programs, including Rehab/Renovation Loans, Construction Loans, Bridge Loans, Commercial Acquisition Loans, and Change of Use Loans, visit www.fiftystonescapitalgroup.com or contact info@fiftystonescapitalgroup.com.