Woodland RV Park
We recently funded a bridge loan secured by an RV park in Woodland, Washington. The property was developed in 2023, and the financing provides the borrower time to reposition the asset and transition to long-term, permanent debt.
892 Capital Partners recently funded a $5,070,000 bridge loan for Belmont Loop RV and Resorts, LLC, secured by a newly constructed RV park located at 1880 Belmont Loop in Woodland, Washington. Situated on a 3.71-acre site and built in 2023, the property represents a growing segment within the hospitality and outdoor lodging sector, driven by increasing demand for flexible travel and RV accommodations.
This financing was structured as a 12-month bridge loan at 65% loan-to-value (LTV) with a 12.0% interest rate, providing the borrower with the flexibility needed to reposition the asset and prepare for long-term refinancing.
Strategic Bridge Financing for RV Park Repositioning
The borrower required short-term capital to stabilize operations, optimize performance, and execute a refinance strategy. Traditional lenders were not positioned to move quickly or structure around the nuances of a recently developed RV park asset.
1892 Capital Partners provided a tailored bridge-to-refinance solution that aligned with the borrower’s timeline and business plan. Our ability to underwrite the in-place potential of the asset, rather than solely historical performance, allowed us to deliver certainty of execution in a time-sensitive environment.
