Fifty Stones Capital Group Triumphs with Riveting $20M Refinance Deal in New Jersey’s Premier Locale

JERSEY CITY, NJ – August 15, 2022 – In a gripping tale of financial rescue and expert navigation, Fifty Stones Capital Group has closed a dramatic $20M refinance deal in the heart of Jersey City’s bustling Exchange Place district, proving once again why they’re the lender to trust in the most challenging moments. This deal, sealed on a sweltering August day, pulls readers into a whirlwind of adversity and triumph, showcasing Fifty Stones’ unmatched ability to turn chaos into success.

The story centers on a beleaguered borrower, local real estate developer, whose ambitious portfolio took a perilous turn. Carver had initially financed a sleek, 12-story mixed-use building, featuring high-end condos and retail spaces, through a traditional bank loan in 2019. But the pandemic struck, slashing occupancy rates and triggering a cash flow crisis. With construction costs soaring due to supply chain delays and interest rates creeping up, Carver faced a ticking clock: his original loan was maturing, and the bank demanded immediate repayment he couldn’t meet. Enter a dilemma straight out of a thriller, foreclosure loomed, threatening to unravel years of hard work in one of New Jersey’s most coveted waterfront locations.

Fifty Stones Capital Group swooped in like a financial superhero, their expertise cutting through the fog of this complex scenario. From the outset, their team dove deep, analyzing Carver’s distressed asset with surgical precision. They uncovered a silver lining: the property’s prime location, steps from the PATH station and Manhattan skyline views, retained immense value despite the setbacks. Undeterred by the borrower’s tangled finances, overdue payments, stalled renovations, and a looming legal dispute with a contractor, Fifty Stones crafted a lifeline. Their negotiators settled the contractor dispute, while their loan structuring wizards designed a refinance package that erased the bank’s lien and reset the clock. It was a high-stakes rescue mission, and Fifty Stones executed it flawlessly, closing the deal in just 14 days.

The terms of this lifeline loan are as impressive as the turnaround. Structured as a 36-month term with a competitive interest rate of 7.75%. Fifty Stones provided $20M to clear the old debt and inject working capital. The loan included a 24-month interest-only period, giving Carver breathing room to stabilize occupancy and complete pending renovations. This flexibility, paired with funds delivered in a single disbursement, showcased Fifty Stones’ innovative approach to distressed deals. Carver himself couldn’t hide his relief. “I was on the brink of losing everything,” he said. “Fifty Stones didn’t just save my property, they saved my future. Their hands-on guidance and creative solutions turned a nightmare into a new beginning.”

Fifty Stones Capital Group emerges from this saga as the lender of choice for those in distress, blending expertise with a relentless drive to deliver. Their ability to navigate legal entanglements, market volatility, and borrower desperation sets them apart, making them the emerging force in private lending.

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About Fifty Stones Capital Group

Fifty Stones Capital Group is a trailblazing private lending firm specializing in refinance, Fix and Flip, and construction loans. With a passion for solving complex problems and empowering clients, they are rapidly becoming the go-to partner for real estate visionaries nationwide. For more details, visit www.fiftystonescapitalgroup.com or send an email to info@fiftystonescapitalgroup.com.