Fifty Stones Capital Group Secures $6M Term Loan to Fast-Track Farmland Acquisition in Washington.

Washington State – October 27, 2023 – Fifty Stones Capital Group is excited to announce the rapid closure of a $6 million term loan on October 27, 2023, enabling a client to acquire a $5.3 million farmland property in Washington. Demonstrating its agility and expertise, Fifty Stones structured the 18-month loan with an 8.95% interest rate, securing first-position priority on the property despite the seller agreeing to a second-position lien. This swift financing, completed within an eight-day preclosing window, underscores Fifty Stones’ reputation as a go-to partner for time-sensitive real estate deals.

The client, eager to capitalize on the farmland opportunity, sought a $6M term loan to purchase the property and cover additional costs, with plans to refinance the loan at maturity. The deal’s urgency was met with enthusiasm from Fifty Stones, following a referral from a lender colleague who highlighted the firm’s ability to act decisively. The seller’s willingness to take a second-position lien allowed Fifty Stones to establish first-position security, minimizing risk while ensuring the client’s immediate access to the asset. The 18-month term provides the client flexibility to stabilize the property and secure refinancing, with the 8.95% interest rate reflecting the deal’s short timeline and unique structure.

Fifty Stones approached the transaction with a streamlined process, leveraging its expertise in rapid underwriting and deal structuring. Within the eight-day preclosing period, the borrower met critical conditions, including providing detailed financial documentation, proof of liquidity, environmental and title review within 72 hours, commitment fee deposit and a clear refinancing plan. The firm conducted a thorough assessment of the property’s value and the client’s creditworthiness, confirming the loan’s feasibility despite the tight schedule. Preclosing requirements also included a title search, insurance verification, and seller lien agreement finalization, all coordinated efficiently to meet the client’s deadline.

“This deal showcases our commitment to delivering fast, tailored financing solutions,” said Mark Shea, CEO of Fifty Stones Capital Group. “By securing first-position priority and closing within eight days, we enabled our client to seize a valuable farmland opportunity in Washington, thanks to the trust placed in us by our lending network.” The successful closure highlights Fifty Stones Capital Group’s ability to navigate complex, time-sensitive transactions, reinforcing its leadership in real estate financing and support for agricultural investments.

About Fifty Stones Capital GroupFifty Stones Capital Group specializes in innovative financing solutions for real estate investors across the United States and Canada, offering term loans and refinancing to drive property acquisitions. 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.