FOR IMMEDIATE RELEASE

September 19, 2023

Contact: Cyd Hatch

(703) 635-6312 | cydh@corlissco.com
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1892 Capital Partners, LLC Closes Multi-Million Dollar Vertical Loan to  Build 47 New Homes in Spokane Washington

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Spokane, WA - 1892 Capital Partners, LLC, a boutique private lending firm, is excited to announce financing for Azure Northwest (azurenw.com), a renowned real estate developer and homebuilder based in Puyallup, for a multi-million dollar project. This collaboration will fund the development of a substantial residential project comprising 47 homes in Spokane's Aspen Park area, over the next two years.

At the heart of this partnership is a loan facility provided by 1892 Capital Partners to support the land acquisition and vertical construction of Azure Northwest's ambitious project. Spokane, Washington's second-largest city, is currently experiencing rapid growth driven by remote work opportunities and the appeal of its sunnier and more affordable regions. As the demand for single-family homes continues to rise, this funding empowers these developers to meet this crucial need, making a tangible impact on our community and contributing to Spokane's ongoing development.

"We're thrilled to announce our collaboration with Azure Northwest," said Charles Farnsworth, Fund Director of 1892 Capital Partners. "This loan facility underscores our commitment to supporting exceptional local builders and developers in crafting beautiful residential spaces. This partnership perfectly aligns with the core mission of 1892 Capital Partners: to uplift and support the communities where we invest. Our unwavering dedication propels us to provide lasting value to people, and by addressing the pressing housing needs, we're excited to know that our investment will benefit Spokane residents for generations to come.”

Azure Northwest has a well-established reputation for excellence in the real estate development industry, and this project is set to be no exception. “We are delighted to join forces with 1892 Capital Partners for this transformative development project, said Jim Kraus, CFO of Azure Northwest. “They set a remarkable example of what a developer and financial partnership should be, and we are genuinely excited about this collaboration. Together, we are dedicated to serving the people of Spokane and delivering the exceptional brand standard of living we have given Washington residents for over nine years. Our shared mission is to build homes crafted exclusively for the Northwest, reflecting our deep connection to the region and our understanding of its unique seasons and varied beauty.”

Construction on the new 47 homes is set to commence immediately, with an estimated project completion in 2025. 1892 Capital Partners and Azure Northwest remain committed to delivering a development that upholds the highest standards of quality and craftsmanship, guaranteeing that residents will discover the very essence of what makes Washington a truly exceptional place to call home.

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About 1892 Capital Partners:

1892 Capital Partners, LLC 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. We understand that every project is unique, and we take pride in crafting customized strategies to help our clients achieve their goals.

At 1892 Capital Partners, our dedicated team works closely with clients throughout the entire process, offering guidance and support at every step.

For more information about 1892 Capital Partners, LLC please visit: https://rb.gy/139gj