Fifty Stones Capital Group Provides Financing for Medical Complex in Woodstock, ON

Woodstock, ON – July 21, 2023 – Fifty Stones Capital Group, a leading provider of innovative financing solutions, is pleased to announce the successful funding of a $6.6 million loan for the construction of a state-of-the-art Medical Complex at 640 Finkle St., Woodstock, Ontario. Strategically located opposite Woodstock Hospital, just 400 meters away and with easy access to Highway 401, this 4-story, 45,572-square-foot medical facility on a 3.9-acre lot is poised to become a cornerstone of healthcare infrastructure in the region.

The project has made significant progress, with all necessary permits secured from the City Government, land servicing completed, and foundational work finalized. The steel structure is fully erected, prefabricated core slabs for all floors are in place, stairs and elevator installations are complete up to the second floor, and electrical and plumbing systems are finished at the ground level. The land, originally purchased in June 2022 for $3.5 million with a $1.5 million down payment, has seen substantial investment, including $500,000 in drawings and soft costs, $1 million in city and development charges, $3.5 million in on-site construction (steel and concrete), and $500,000 in mortgage carrying costs. The current appraised value of the project stands at approximately $12 million, with the land valued at $8–9 million and development costs adding $3–4 million. Upon completion, the Medical Complex is projected to have a market value exceeding $30 million.

Fifty Stones Capital Group provided a $6 million first mortgage through Blue Moon, based on the land’s enhanced value post-permitting, along with a $600,000 second mortgage to support ongoing construction. This financing has enabled Construction to advance the project efficiently, aligning with their vision to deliver a cutting-edge medical facility to serve the growing needs of Woodstock and surrounding communities. “We are thrilled to partner and Build on this transformative project,” said Mark Shea, CEO of Fifty Stones Capital Group. “The Medical Complex’s strategic location and advanced construction progress make it a high-value investment with significant community impact. Our tailored financing solutions have supported the project’s momentum, and we look forward to seeing its completion.”

The Medical Complex is expected to enhance healthcare accessibility in Woodstock, leveraging its proximity to Woodstock Hospital and excellent connectivity to Highway 401. With a total project cost of $20 million, this development underscores Fifty Stones Capital Group’s commitment to funding impactful real estate ventures that drive economic and social value.

About Fifty Stones Capital Group Fifty Stones Capital Group specializes in providing flexible, high-impact financing for real estate and commercial projects across US and Canada. With a focus on innovative solutions and strategic partnerships, the company empowers developers to bring visionary projects to life. 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.