Chelan 67 Lot

1892 Capital Partners recently facilitated a crucial milestone for a 67 Lot Project by achieving Preliminary Plat Approval. However, the project faced a setback when the initial lender refused to extend the loan necessary for the client to complete the preliminary plat and initiate site development.

Recognizing the project's potential and the importance of securing the preliminary plat, 1892 Capital Partners stepped in to provide a much-needed 12-month #bridgeloan.By assisting the client in finalizing the preliminary plat, 1892 Capital Partners enabled them to attain a significant value-add point.

This achievement paved the way for the client to pursue an exit strategy by selling an approved preliminary plat, thus enhancing its market value. Moreover, the extended timeline allowed the client to gain additional time to pursue the next value-add point, which involved securing development financing for selling vertical-ready lots.