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December 14, 2023
Compton Lumber is now building a new home in Renton, following an October land deal worth almost $7 million, which the DJC then reported. And, more recently, 1892 Capital Partners announced that it loaned over $7.5 million to Compton to secure the site. Ryan Carter at Bellevue Capital Group brokered the deal. Charles Farnsworth at 1892 Capital said in a statement, “We are truly passionate about being a key enabler for individuals and businesses looking to purchase property and grow their portfolios.” The firm also recently provided over $1.5 million for a 17-lot subdivision in Kelso, with Montrose Homes LLC as the developer there. Corliss Ventures is the family-run parent to 1892 Capital, and Corliss is also a developer in its own right — and a century-old provider of materials to the building trades.