Fifty Stones Capital Seals the Deal: Powering Sedona’s $13M Hospitality Triumph

Fifty Stones Capital Group, a beacon of hope for a seasoned developer seeking to breathe new life into a prime hospitality site. The lender was contacted with a bold vision; a $5.9 million refinance to transform a $13 million property into a standout development. The sponsor, a local expert with deep ties to the community and government, laid out a compelling case. The funds were needed for horizontal finishing, refinancing an existing loan, prepaid interest reserves, closing costs, and a few final touches to match the property’s appraised value of $13 million. This site, the only one poised to break ground in the near future, held immense potential, guarded by formidable barriers to entry that kept competitors at bay.

Fifty Stones Capital Group sprang into action. On July 27, 2023, they delivered financing at an 8.75% interest rate, a testament to their ability to turn opportunity into reality. The deal unfolded with a carefully crafted structure: a $5.9 million refinance package that included refinancing the existing loan, securing prepaid interest reserves, covering closing costs, and funding the essential groundwork to ready the site for vertical construction. With a keen eye on success, Fifty Stones implemented a fund control system, ensuring every dollar was spent wisely to elevate the property to its full $13 million potential. The 8.75% rate reflected the project’s high stakes and the sponsor’s proven track record, a balance struck amidst market dynamics.

The story took a swift turn as Fifty Stones showcased their prowess. Armed with the sponsor’s comprehensive loan package and their own expertise, they navigated the process with remarkable speed. The sponsor’s local influence minimized permitting delays, while Fifty Stones’ rapid appraisal review and strategic insight ensured funds flowed seamlessly. In a matter of weeks, they had sealed the deal, empowering the developer to move forward and cementing the hospitality future.

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.