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Property Geographic Area Details

Pacific Northwest (ID, OR, WA), Mountain West (CO, TX, UT, WY), Southeast (FL, GA, NC, SC, TN), Mid-Atlantic (DC, MD, PA, VA)

Loan Amounts

$500,000 to $50,000,000

Interest Rates

10% to 12.5%

Max Loan-To-Value

65%

Max Loan-To-Cost

95%

Origination Fees

2% to 4.5%

Loan Terms

6 months to 24 months

Lien Position

  • 1st

Loan Purpose

  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Value Add Project
  • Development Project

Property Occupancy

  • Vacant
  • Tenant Occupied 100%
  • Owner Occupied Commercial

Property Types and Loan Types

Collateral Types

  • Residential Property
  • Commercial Property

Property Types

  • 2-4 Units Residential
  • Bed and Breakfast
  • Commercial Condominium
  • Commercial Land
  • Community Center
  • Condominium
  • Event Center
  • Healthcare
  • Hospital
  • Hostel
  • Hotel
  • Industrial
  • Mixed-Use
  • Multifamily
  • Office
  • Portfolio of Commercial Properties
  • Portfolio of Residential Properties
  • Senior Housing
  • Single Family Residence
  • Storage Facility

Loan Types

  • Commercial Property Value Add
  • Commercial Ground-Up Construction
  • Residential Ground-Up Construction

Specialty Loan Types

  • Land Development
  • Condo Conversion
  • Subdivisions

Details and Requirements

Typical Closing Time (Days)

5

Fastest Closing Time (Days)

3

Works With

  • Brokers
  • Borrowers

Payment Structure

  • Interest Only
  • Interest Reserve

Pre Payment Penalty

no

Will lend to a foreign national

yes

Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

yes

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered

  • Individual(s)
  • LLC
  • Limited Partnership
  • Trust
  • Corporation
  • Self-Directed IRA

Documentation Required

  • Credit Report
  • Tax Returns
  • Financial Statements
  • Loan Application

Personal Guaranty (Recourse) Required

Always

Credit Check Required

yes

Minimum Credit Score Required

400

Credit Check Description

No minimum credit score requirement. Credit issues and low scores are evaluated on a case by case basis.

Appraisal Required for Residential Property

Always Before Funding

Appraisal Required for Commercial Property

Always Before Funding

Broker Price Opinion (BPO) Accepted for Residential Property

Never

Broker Price Opinion (BPO) Accepted for Commercial Property

Never

Fees

Legal Fee

3rd Party Attorneys and Closing fees only

Title Fee

3rd Party Title and Closing fees only

Appraisal Fee

3rd Party Appraisal Required, payment submitted directly to 3rd party

Renovation Construction Draw Fee

3rd party inspection fee only

Fees which are charged upfront prior to loan closing

  • Appraisal Fee

Fees which are paid to a third party company

  • Appraisal Fee
  • Title Fee
  • Renovation or Construction Funds Draw Fee

Legal Disclaimer

Please contact us for further information regarding loan availability and rates.

Year Established

2010

Office Locations

Headquarters - Pacific Northwest
1420 Fifth Avenue, Suite 2000, Seattle, Washington 98101

Southeast
309 E Paces Ferry Road NE, Suite 400, Atlanta, Georgia 30305

Mountain West
2000 S Colorado Blvd, Tower 1, Suite 2000, Denver, Colorado 80222

Colorado
3000 Lawrence Street, Suite 235, Denver, Colorado 80205

Primary Capital Source

  • Own Funds

Loan Structure for Majority of Loans

  • Own Balance Sheet

Percentage of company’s lending business focused on private mortgage

100%

Company’s Other Business Activities Besides Private Mortgage Lending

  • Commercial Real Estate Investing
  • Residential Real Estate Investing
  • Real Estate Development

Total Number of Loans Funded to Date

1000

Brett Kaye

Brett Kaye oversees the business development of Broadmark Realty Capital for the Mountain West Region.

Brian Dubin

Brian Dubin is Managing Director of Broadmark Realty Capital, overseeing loan origination and underwriting for the Mid-Atlantic region.

Bryan Graf

Bryan Graf is Managing Director of Broadmark Realty Capital, where he oversees loan origination and underwriting for the Pacific Northwest region. Bryan originally joined Broadmark in 2012 as head of origination and lead underwriter.

Jacob Wigle

Jacob Wigle serves in a business development and origination capacity for Broadmark Realty Capital. Jacob originally joined Broadmark in 2018.

Jordan Siao

Jordan Siao is Managing Director of Broadmark Realty Capital, overseeing loan origination and underwriting for the Southeast region. Mr. Siao originally joined Broadmark in 2015 as a member of the underwriting department.

Matt Bullis

Matt Bullis serves in a business development and origination capacity for Broadmark Realty Capital.

Mike Incrocci

Mike Incrocci serves in a business development and origination capacity for Broadmark Realty Capital.

Ryan Good

Ryan Good serves in business development and origination capacity for Broadmark Realty Capital.

Thomas Gunnison

Thomas J. Gunnison is Managing Director of Broadmark Realty Capital, overseeing loan origination and underwriting for the Mountain West region.

Completed Transactions

Broadmark Realty Capital

Property Development
Crabapple, GA
$3,170,000
Single Family Residence
View Transaction

Broadmark Realty Capital

Private Loan Funding
Seattle, WA
$1,951,625
Single Family Residence

Residential Ground-Up Construction

View Transaction

Broadmark Realty Capital

Private Loan Funding
Alexandria, VA
$1,215,000
Single Family Residence

Residential Ground-Up Construction

View Transaction

Broadmark Realty Capital

Private Loan Funding
Winter Park, CO
$6,100,000
Multifamily, Single Family Residence

Commercial Ground-Up Construction

View Transaction

Broadmark Realty Capital

Private Loan Funding
Spokane, WA
$2,762,500
Mixed-Use

Commercial Ground-Up Construction

View Transaction

Broadmark Realty Capital

Private Loan Funding
Southwest, FL
$2,395,000
Single Family Residence

Residential Ground-Up Construction

View Transaction

Broadmark Realty Capital

Private Loan Funding
Philadelphia, PA
$685,100
Commercial Condominium, Mixed-Use

Commercial Ground-Up Construction

View Transaction

Broadmark Realty Capital

Private Loan Funding
Dover, ID
$858,000
Single Family Residence

Residential Ground-Up Construction

View Transaction

Broadmark Realty Capital

Private Loan Funding
Marietta, GA
$500,000
Single Family Residence

Residential Ground-Up Construction

View Transaction

Broadmark Realty Capital

Private Loan Funding
Silverthorne, CO
$12,262,571
Hostel, Hotel

Commercial Ground-Up Construction

View Transaction
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