Tacoma Residential Mixed Use
1892 Capital Partners provided a $900,000 bridge loan for a mixed-use 3-unit property located in Tacoma’s Historic Stadium District.
1892 Capital Partners provided a $900,000 bridge loan to support the acquisition of a mixed-use 3-unit property located in Tacoma’s Historic Stadium District, one of the city’s most sought-after neighborhoods.
The property features two luxury residential units and one commercial office unit, with elevated views overlooking the Port of Tacoma, Commencement Bay, and Mount Rainier. Its location offers both strong residential appeal and commercial utility, making it a versatile, income-producing asset.
The Opportunity
The borrower identified an opportunistic acquisition in a highly desirable Tacoma submarket.
The property offered:
- Strong in-place quality with luxury residential units
- Mixed-use income potential through both residential and commercial tenancy
- A prime location with long-term demand drivers
However, the opportunity required quick execution to secure the asset at a favorable purchase price. Traditional lenders were not positioned to move at the required speed, particularly given standard appraisal timelines and underwriting processes.
The Financing Solution
1892 Capital Partners structured a bridge loan designed for speed and certainty of execution, allowing the borrower to act decisively.
The structure provided:
- Fast access to capital for acquisition
- Streamlined underwriting based on market familiarity
- No appraisal requirement
- Flexibility to transition into longer-term financing
Familiarity with the Tacoma market and asset type allowed for efficient underwriting and a confident lending decision without unnecessary delays.
Why Bridge Financing Made Sense
For competitive acquisitions, timing is often the deciding factor.
Even strong assets can be lost when:
- Financing timelines are too slow
- Appraisal requirements delay closing
- Sellers prioritize certainty over price
A bridge loan allows borrowers to move quickly, secure the asset, and optimize financing later.
Execution & Outcome
1892 Capital Partners successfully closed this acquisition bridge loan, enabling the borrower to capitalize on a time-sensitive opportunity in a high-demand location.
The borrower is now positioned to:
- Stabilize and optimize the mixed-use income stream
- Refinance into permanent financing
- Capture long-term appreciation in a premium Tacoma submarket
