Experienced Lenders of Commercial Loans, Construction Loans, & Land Loans
Broadmark Realty Capital offers funding for land development, heavy rehabs, and vertical construction for projects such as multi-family housing, single-family housing, commercial, office, retail, and industrial buildings.
- Highest Degree of Leverage – We loan against the completed value of your project, with no loan-to-cost requirements.
- Speed & Convenience – We can close as quickly as 5 days, and draws are wired within one to two business days after inspection approval.
- Unmatched Industry Expertise – We’ve closed approximately $2.8 billion in project capital over more than 1,200 loans.
- In-House Manual Underwriting – We evaluate every deal on its own merits and are faster and more flexible than many other lenders.
Please note: Our minimum loan amount in Texas is $1M. In all other states, our minimum amount is $500K.
Property Geographic Area Details
Loan Amounts
Interest Rates
Loan Terms
Origination Fees
Lien Position
Construction Loans
Designed for vertical construction of projects such as multi-family housing, single-family housing, commercial, office, and industrial buildings, our construction loans are underwritten against the completed value of your project so you have more funding flexibility. As a project-oriented lender, we make sure your project is fully funded between the loan and your equity. Unlike a traditional lender, we do not have additional deposit requirements, nor do we have strict liquidity requirements.
As specialists in construction loans, we understand the funding needs of real estate developers, builders, and contractors. Our expedited draw process—as quick as 24 to 48 hours—gives you quick access to cash. Our loans can also be structured with a pre-draw to cover land and soft costs if needed.
Land Development Loans
Our land development loans provide funding for the soft costs and entitlements required for development, such as hiring architects, engineers, and environmental and other consultants. We have a greater understanding and appreciation for land loans than many lenders. Our underwriting is based on the future completed value of the asset, allowing a greater loan-to-value than other lenders.
Bridge Financing Loans
We provide interim, or short-term, funding to cover the gap between when a construction loan comes due and long-term financing can be arranged. We base our loans on the completed value of the project, minimizing additional equity or cash requirements.
As construction loan specialists, we are particularly helpful on broken construction loans: when a loan becomes due before construction is finished. We underwrite your loan on the completed value of the project, rather than its unfinished state. Most lenders, including traditional bridge lenders, look only at the current value of the property. This means that you won’t need to bring as much cash to the table or dilute your equity to get a loan closed. In addition, our expedited draw process—as quick as 24 to 48 hours—gives you quick access to the cash your contractors need to complete the project.
Heavy Rehab / Redevelopment Loans
Designed for major improvements on multi-family units and commercial, office, hospitality, and industrial buildings, our rehab loans cover major upgrades such as tenant improvements, studs-out remodels, expansions, and redevelopment. We have lower equity requirements (including cash on hand) than traditional lenders, and again unlike traditional lenders, we base our loans on the completed value of the improved building, not its existing condition. This leaves you with more funding for the project.
As specialists in construction loans, we tailor our loan solutions to the needs of contractors, including an expedited draw process to get necessary cash when they need it.
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
- Retail
- Senior Housing
- Single Family Residence
- Storage Facility
Loan Types
- Residential Ground-Up Construction
- Commercial Property Value Add
- Commercial Ground-Up Construction
Specialty Loan Types
- Condo Conversion
- Land Development
- Subdivisions
Description
For land acquisition, we typically fund 50-60% of the purchase price, but we may consider going up to 65% if the property is fully entitled and shovel-ready.
Land Types Considered
- Residential Land
- Multifamily Land
- Industrial Land
- Office Land
- Retail Land
- Hospitality Land
- Special Purpose Land
- Covered Land
Will Consider Land That is NOT Entitled
yesMax LTV for Land
65%Max LTC for Land Acquisition
60%Max Loan-to-Purchase Price
65%Borrower Must Have Property Under Contract
yesWill Provide Proof of Funds Letter
yesWill Consider Lending on Purchase from Auction
noAllowed Source of Borrower’s Equity
- Own Cash
- Partner
- Equity in Subject Property
- Equity in Another Investment Property
- Equity in Primary Residence
- Seller Financing
- Gap Lender
- Crowdfunding
- Family
Experience Required
noMinimum Number of Value-Add Projects Completed by Borrower
0Will Provide Funds for Renovation Costs
yesMax LTC for Renovation Costs
100%Interest Charged for Renovation Costs
Entire Amount of Total Project CostsTypical Number of Days for Funds Draw
2Maximum After Repair Value
65%Development Experience Required
noMinimum Number of Ground-Up Construction Projects Completed by Borrower
0Max LTC for Ground-Up Construction Costs
100%Interest Charged for Construction Costs
Entire Amount of Total Project CostsWill Lend on Partially Completed Construction Projects
yesLegal 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 paid to a third party company
- Appraisal Fee
- Title Fee
- Renovation or Construction Funds Draw Fee
Broadmark Realty Capital Testimonials
Robert D.
""Broadmark has financed numerous development, construction, and rehab loans for us. Their ability to close a loan quickly combined with their prompt draw funding has allowed us to make bargain purchases and take advantage of vendor and subcontractor discounts.""
Borrower
Blake L.
""Being a young developer/builder I encounter a lot of challenges. Broadmark has been a valuable business partner to have through the process of guidelines, budgeting, and management. I know that I can pick up the phone and call these guys at a drop of a hat and they will always respond and assist me with whatever I need.""
Borrower
Mike N.
""Broadmark had the confidence in me to finance my first project after the market downturn. With their help I developed, built, and sold a successful multi-home project. I will continue to use them for my lending requirements.""
Borrower
Kevin D.
""I really appreciate all you did for us. Having our original construction loan mature before we were qualified for conventional financing could have cost us our business. You stepped up and helped us. I would recommend you in the future without hesitation!""
Borrower
David V.
""Broadmark has become my primary source for private money loans. Their underwriting and due diligence process is fast and efficient. I know my clients will receive outstanding service when dealing with them.""
Borrower
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Broadmark Realty Capital Inc. (NYSE: BRMK) offers short-term, first deed of trust loans secured by real estate to fund the acquisition, renovation, rehabilitation, or development of residential or commercial properties. Broadmark Realty Capital manages and services its loan portfolio across a variety of market conditions and economic cycles. Since its inception in 2010 through June 30, 2019, Broadmark Realty Capital has originated over 1,200 loans with an aggregate face amount of approximately $2.8 billion.
Office Locations
Headquarters - Pacific Northwest1420 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
Our Team
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Our Minimum Loan Amount Is
$500,000
What We Do
- Specialize in New Construction & Rehab
- High Leverage for Construction Costs
- Land Development - Horizontal + Vertical
- Will Consider Equity in Land Owned
- 40% Cash Required for Land Purchase
Not Available
- NO Owner-Occupied Homes
- NO Junior Financing
- NO Cannabis-Use Properties
- NO Texas Loans Under $1M