Tacoma, WA – 1892 Capital Partners, a boutique direct lending firm, is pleased to announce the funding of a bridge loan secured by a recently remodeled 9-unit apartment building located in Tacoma, Washington. The financing provides short-term stability as the borrower works to complete lease-up and prepare the asset for permanent debt placement.

The property, fully renovated with updated interiors and exterior improvements, is positioned to perform well in a market where quality workforce housing remains in high demand. By utilizing bridge financing, the borrower now has the flexibility to stabilize occupancy, optimize cash flow, and move into permanent financing under more favorable conditions.

Charles M. Farnsworth, Fund Director at 1892 Capital Partners, expressed confidence in the project, noting, “This deal represents exactly the type of value-add multifamily opportunity we like to support. The borrower completed thoughtful renovations that modernized the building, strengthened its long-term performance, and brought new quality housing to the Tacoma market. Our bridge loan gives them the time and breathing room needed to stabilize operations before transitioning to a permanent loan structure.”

The 9-unit building sits within a growing Tacoma submarket that continues to attract renters seeking affordability, proximity to transit, and convenient access to the broader South Sound region. Recently improved multifamily assets in this size range are well-positioned for investor demand, particularly as interest in stabilized small-cap apartments continues to rise.

Deal Summary

Loan Amount: $1,185,752
Term: 12 months
Loan-to-Value (LTV): 65 percent
Property Type: Renovated 9-unit multifamily
Strategy: Stabilization bridge loan prior to permanent financing
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Looking to Discuss a Similar Deal?

1892 Capital Partners continues to fund well-underwritten bridge loans for multifamily, mixed-use, industrial, storage, and value-add commercial properties across the Pacific Northwest and Mountain West.

To discuss a transaction or explore a new opportunity, contact:

Charles M. Farnsworth
Fund Director
(253) 592-3452
charlesf@1892capital.com

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About 1892 Capital Partners

1892 Capital Partners is a direct hard money lending firm specializing in tailored financial solutions for real estate builders, brokers, and investors. With over 30 years of experience in real estate development and investing, we offer a unique perspective from both sides of the deal. What sets us apart is our independence. We utilize our own capital, which allows us to remain flexible, decisive, and responsive to our clients’ needs. Our expertise and practical approach enable us to provide creative underwriting solutions that meet the demands of real-world projects.

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