Fifty Stones Capital Group Delivers Thrilling $7M Bridge Loan for Houston Family Office Revival.
- Richard Simis
- Mar 29, 2023
- 2 min read
HOUSTON, TX – March 29, 2023 – In a breathtaking race against time, Fifty Stones Capital Group has closed a pulse-pounding $7M bridge loan in just six days, breathing new life into a historic family office reconstruction in Houston’s upscale River Oaks district. This deal, a whirlwind of urgency and expertise, hooks readers with a tale of a borrower on the brink and a lender’s lightning-fast ingenuity that turns desperation into triumph.
The drama centers on the borrower, The borrower, a third-generation Houston oil magnate turned real estate visionary. The borrower inherited a crumbling 1950s family office, a sprawling, art-deco gem with oak-paneled walls and a faded legacy, only to face a dire scenario. A sudden partnership dispute left him scrambling to secure funds, while a looming sale deadline threatened to hand the property to a rival developer. With banks dragging their feet and traditional lenders balking at the rushed timeline, the borrowers dream of transforming the office into a modern hub for his growing empire hung by a thread, until Fifty Stones stepped into the spotlight.
Fifty Stones Capital Group seized the challenge with the precision of a seasoned thriller hero. Contacted at on March 24, 2023, their team sprang into action, working around the clock to assess the property’s $10M value and the borrowers financial straits. Undeterred by the tight six-day window spanning a weekend and a holiday, their analysts verified the reconstruction plan, which included state-of-the-art conference rooms and sustainable upgrades, while their legal experts expedited title clearance. Closing on March 29, 2023, they turned a high-stakes gamble into a stunning victory, proving their mettle in the most pressured moments.
The loan terms add to the excitement. Crafted as a 12-month bridge loan with a 7.5% interest rate, reflecting current market rates, the $7M infusion covers acquisition and initial renovation costs. This swift, tailored solution underscores Fifty Stones’ ability to deliver where others falter. The borrowers relief was palpable. “I was hours from losing everything,” he said. “Fifty Stones didn’t just save my family’s legacy, they did it in record time. Their speed and savvy are unreal.” The reconstructed office, set to reopen by early 2024, promises a 15% return, cementing its place as a River Oaks landmark.
About Fifty Stones Capital Group
Fifty Stones Capital Group is a premier private lending firm specializing in bridge loans, construction financing, and adaptive reuse projects. With a knack for swift, strategic solutions, they are redefining excellence in the lending world. For more details, visit www.fiftystonescapitalgroup.com or send an email to info@fiftystonescapitalgroup.com
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