FOR IMMEDIATE RELEASE

December 7, 2023

Contact: Cyd Hatch

(703) 635-6312 | cydh@corlissco.com

‍

1892 Capital Partners Facilitates Swift Property Acquisition with $7.5 Million Bridge Loan

‍

Renton, WA - 1892 Capital Partners, a boutique private lending firm, successfully orchestrated a seamless transaction with a $7,510,400 loan commitment, enabling their client, Compton Lumber, to exercise their option to purchase the property located at 2940-2990 East Valley Road, Renton, WA 98057.

1892 Capital Partners closed this crucial deal in three weeks, demonstrating exceptional commitment and expertise. They internally valued the assets, showcasing their ability to swiftly finalize significant transactions without relying on external sources.

Their partner, loan broker, and lending advisor, Ryan Carter at Bellevue Capital Group (BCG) was instrumental in ensuring the success of this time-sensitive transaction. “Our collaboration with 1892 Capital Partners demonstrated the effectiveness of strategic partnerships in navigating complex financial landscapes,” Carter stated. “1892 is a true asset-based lender allowing us to close transactions with minimal documentation and flexible terms.  Working with them was seamless and our team at BCG looks forward to the ongoing relationship for years to come.”

Compton Lumber, the client at the center of this transaction, expressed satisfaction with the purchasing process facilitated by 1892 Capital Partners. The bridge loan served as a crucial financial bridge, allowing Compton Lumber to secure the property and expand their real estate portfolio.

1892 Capital Partners Fund Director, Charles Farnsworth, shared his thoughts on the accomplishment, stating, "We are truly passionate about being a key enabler for individuals and businesses looking to purchase property and grow their portfolios. This successful transaction shares our commitment to providing timely and efficient financial solutions to our clients, even in challenging times. We take pride in being a trusted partner in their journey towards investment success.”

1892 Capital Partners continues to be a leading force in the financial industry, showcasing their expertise in navigating complex transactions and providing tailored solutions to meet the unique needs of their clients, positioning them well to face modern real estate challenges.

XXX
‍

About 1892 Capital Partners:

1892 Capital Partners is a boutique private lending firm dedicated to providing tailored and customized financial solutions for real estate developers and investors. At 1892 Capital Partners, we differentiate ourselves by utilizing our own capital, remaining and operating independently from external investors.

This unique approach empowers us to structure and underwrite loans that cater to the specific needs of our clients, allowing them to navigate the ever-changing capital market with confidence.

What sets us apart is not only our financial capabilities but also our extensive background in development. Our team’s firsthand experience in the field enables us to offer a holistic perspective to our clients. By combining our expertise and practical approach, we provide creative and flexible underwriting solutions that are tailored to meet real-world situations.

For more information about 1892 Capital Partners LLC, please visit https://www.1892capital.com/