Fifty Stones Capital Group Shines with Stunning $18M Take-Out Refinance in Ohio’s Vibrant Heartland

COLUMBUS, OH – October 19, 2022 – In a thrilling financial triumph that’s turning heads, Fifty Stones Capital Group has closed an impressive $18M take-out refinance deal in the bustling town of Columbus, Ohio, cementing their reputation as the lender to reckon with in today’s dynamic real estate market. This deal, unfolding against the backdrop of a thriving urban hub, is a rollercoaster of connection, resilience, and expertise that keeps readers hooked from start to finish.

The borrower, a local developer, who found herself at a crossroads, had secured a short-term construction loan in 2020 to build a sleek, 10-story mixed-use property featuring 80 upscale apartments and ground-floor retail spaces in Columbus’ trendy Short North Arts District. But as construction wrapped up, rising interest rates and a maturing loan threatened to derail her success. Enter a lifeline born from an unexpected source: a referral from fellow developer who had previously partnered with Fifty Stones on a $20M fix-and-flip deal in New Jersey.

Fifty Stones Capital Group didn’t just answer the call, they redefined the game. Contacted through, their team hit the ground running, diving into the complex scenario with laser focus. The property, nestled in Columbus’ booming downtown corridor, boasted a 95% occupancy rate and robust cash flow, but the expiring construction loan carried a punishing 9% interest rate. Fifty Stones’ analysts crafted a tailored take-out refinance, leveraging their deep market insight to secure $18M at a competitive 7.25% fixed rate. The 36-month term with funds disbursed in a lump sum to clear the old debt and fuel future growth. This swift, strategic move showcased their ability to transform a high-pressure situation into a victory lap.

What makes this narrative electrifying is Fifty Stones’ relentless drive. “They didn’t just fund the deal—they guided me through every twist,” the Borrower said. “From negotiating with my previous lender to streamlining the appraisal, they were hands-on from day one.” The lender’s proactive approach, fueled by a referral-driven trust network, highlights their growing dominance. Columbus, with its surging tech scene and vibrant nightlife, provided the perfect stage, and Fifty Stones seized it, stamping their feet as an emerging powerhouse. Their ability to close in just 20 days, outpacing industry norms, further solidifies their reputation as the go-to partner for borrowers in need.

This deal isn’t just a win for the Borrower; it’s a statement. With projections of a 15% equity increase by 2025, the property is poised to become a Short North landmark. Fifty Stones Capital Group is rewriting the lending playbook, proving they’re not just a player, they’re the lender redefining the game.

About Fifty Stones Capital Group

Fifty Stones Capital Group is a trailblazing private lender specializing in take-out refinances, construction loans, and Fix and Flip financing. With a client-centric approach and a track record of turning referrals into successes, they are rapidly establishing themselves as the lender of choice for visionary developers nationwide. For more details, visit www.fiftystonescapitalgroup.com or send an email to info@fiftystonescapitalgroup.com.