Fifty Stones Capital Group Ignites Spokane with a $15M Construction Loan Blitz.
- Richard Simis
- Jul 6, 2023
- 2 min read
SPOKANE, WA – July 07, 2025 – Fifty Stones Capital Group transformed a broker’s frantic call into a $15M construction loan triumph for a triplex townhome project in Spokane, Washington. Contacted on June 23, 2023, for a time-sensitive opportunity, the lender raced against the clock to close the deal, delivering a high-return, short-term masterpiece with a fast 5–7 month build timeline and a clear exit strategy, proving their mettle in the heat of the moment.
The story began when a broker, sensing a golden ticket, dialed Fifty Stones at dawn on June 23, 2023, pitching a project on a $3,350,000 land parcel in Spokane’s up-and-coming South Perry district. With construction costs of $11,200,000 and an estimated resale value hitting $18,350,000, this triplex townhome venture promised big returns. The catch? A tight schedule demanded immediate action. Fifty Stones’ team sprang into gear, navigating due diligence and securing funds by July 5, 2023, locking in the loan just in time to keep the project on track amid Spokane’s sizzling 2023 real estate boom.
The financial stakes were sky-high: a net project profit of $3,704,254.12, after $4,500,745.88 in loan holding costs, fueled a 30% investor profit share of $2,011,276.24. This hands-off, capital-only role attracted savvy investors, with the exit sealed by a brisk sale in mid-2024, capitalizing on the townhomes’ prime location. The $15M loan, structured to cover land and construction, was a linchpin in this success. The borrower, a local developer with a track record for quick-turn projects, hailed the lender’s speed. “I was days from losing this deal,” they recalled. “Fifty Stones swooped in and made it happen, pure magic.” The project, to be completed in early 2024, saw the triplexes sell out within months, driven by Spokane’s population growth and demand for modern housing. Today, the site stands as a testament to Fifty Stones’ ability to thrive under pressure.
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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