FOR IMMEDIATE RELEASE

March 2026

Contact:
Cyd Hatch
(703) 635-6312 | cydh@corlissco.com

1892 Capital Partners Funds $748K Bridge Loan for Columbus Transitional Housing Asset

COLUMBUS, OH – 1892 Capital Partners, a direct private lender specializing in bridge financing for income-producing real estate, is pleased to announce the successful funding of a $748,675 bridge loan for Pumzika, LLC, secured by an 82-unit motel property located at 1289 E Dublin Granville Road in Columbus, Ohio.

The loan was structured at a 26.74% loan-to-value (LTV) with a 12-month term and 11.50% interest rate, providing the borrower with strategic cash-out capital while maintaining a clear path toward refinance.

The property, originally built in 1970 and totaling approximately 26,972 square feet, operates under a 15-year modified NNN master lease for transitional housing with the City, offering long-term income stability and a unique positioning within the Columbus housing landscape.

Bridge Financing for Stabilized, Income-Producing Assets

This transaction demonstrates 1892 Capital Partners’ ability to provide bridge loans for income-producing properties with strong in-place cash flow, even when traditional lenders may overlook opportunities due to asset type or tenant structure.

“With long-term leased assets like this, the opportunity isn’t always about fixing the property; it’s about structuring the capital correctly,” said a representative of 1892 Capital Partners. “This was a case where speed, clarity, and flexibility allowed the borrower to access equity while keeping their long-term strategy intact.”

By leveraging a low LTV structure, 1892 delivered a bridge-to-refinance solution with cash-out, enabling the borrower to redeploy capital into additional investment opportunities.

Deal Snapshot

Loan Amount: $748,675
Property Type: 82-Unit Motel / Transitional Housing
Location: Columbus, Ohio
Square Footage: 26,972 SF
Year Built: 1970
LTV: 26.74%
Interest Rate: 11.50%
Term: 12 Months
Loan Purpose: Cash-out bridge financing
Exit Strategy: Refinance
Structure: 15-Year Modified NNN Master Lease

Creative Capital for Complex Assets

Not every income-producing asset fits cleanly into conventional lending guidelines. Properties with government-backed leases, transitional housing uses, or non-traditional tenancy structures often require a lender that can underwrite beyond a checklist.

As a family office lender deploying its own capital, 1892 Capital Partners is able to evaluate each deal holistically, balancing asset performance, lease structure, and borrower strategy.

The successful closing of this Columbus transaction reflects the firm’s continued focus on flexible bridge lending across diverse asset classes, including hospitality, multifamily, and specialty-use properties.

About 1892 Capital Partners

1892 Capital Partners is a direct private lender that provides bridge financing to real estate investors, brokers, and operators. Backed by a multi-generational real estate platform, the firm brings over 30 years of experience across development, acquisitions, and asset management.

By leveraging its own capital, 1892 Capital Partners offers speed, flexibility, and execution certainty, delivering tailored financing solutions for real-world projects.

Common loan scenarios include:
〰️ Income-producing bridge loans
〰️ Cash-out refinance strategies
〰️ Lease-backed assets and specialty use properties
〰️ Time-sensitive acquisitions and transitions

For more information, visit:
https://www.1892capital.com

Work With Us

If you’re navigating a deal that doesn’t quite fit conventional lending, we’re always open to a conversation.

1892 Capital Partners
We lend our own capital. We move quickly. And we structure around real opportunities.