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Mountain View Residential

1892 Capital Partners provided financing for the ground-up construction of a cabin-style single-family residence located near Packwood, Washington, in close proximity to Mount Rainier.

TYPE
Residential
LOCATION
Ashford, Washington
AMOUNT
350,000
YEAR TERM
12 Months
LTV
65% of Project Value When Completed

1892 Capital Partners provided financing for the construction of a cabin-style single-family residence located near Packwood, Washington, just minutes from Mount Rainier and surrounding recreational destinations.

This 1,488-square-foot property was designed to offer a modern, high-quality living experience while maintaining the character and aesthetic of a traditional mountain retreat. The project was completed in partnership with a repeat borrower, reflecting an ongoing relationship built on execution and trust.

The Opportunity

The property is located in a high-demand recreational market, with strong interest from:

  • Short-term rental operators
  • Second-home buyers
  • Outdoor-focused travelers

Its proximity to Big Creek, local parks, and Mount Rainier positions the asset as both a private retreat and a potential income-producing property.

The borrower’s objective was to develop a well-designed cabin-style home that aligns with market demand for elevated, experience-driven residential properties.

The Development Plan

The home features 3 bedrooms, an open loft, and 1,488 square feet of living space, with a focus on craftsmanship and material quality.

Key features include:

  • Deck overlooking Big Creek
  • Gas fireplace with cedar beam mantel
  • Quartz countertops and stainless steel appliances
  • Gas stove and modern kitchen layout
  • Custom wood stair walls and red cedar trim throughout
  • Access to nearby private lake and park

The design balances rustic character with modern functionality, creating a property suited for both personal use and rental demand.

The Financing Solution

1892 Capital Partners structured a construction loan aligned with the borrower’s development timeline and exit strategy.

The structure provided:

  • Capital to support ground-up construction
  • Flexibility throughout the build process
  • Certainty of execution for a repeat client
  • A clear path toward sale or refinance upon completion

Familiarity with the borrower and the market enabled an efficient approval and funding process.

Why Construction Financing Made Sense

In recreational and secondary housing markets, demand continues to grow for high-quality, design-forward properties.

However, construction projects in these markets often require:

  • Flexible capital during the build phase
  • Understanding of non-primary residential demand
  • Alignment with both resale and rental exit strategies

This financing allowed the borrower to execute a project tailored to current market demand.

Execution & Outcome

1892 Capital Partners successfully funded the construction of this cabin-style residence, supporting a repeat client and delivering a thoughtfully designed property in a desirable location.

The borrower is now positioned to:

  • Market the property for sale or rental
  • Capture demand from recreational buyers and travelers
  • Realize value through a well-executed build

This transaction reflects 1892’s approach to lending: supporting repeat relationships, understanding niche markets, and aligning capital with projects that are built to perform.

Contact the underwriter

We offer financial flexibility with the following loan programs:

Charles Farnsworth

Fund Director

PHONE
253.592.3452
EMAIL
Charles@1892Capital.com
MAIN
PO Box 94176
Seattle, Washington 98124