Proud to Support Kansas Real Estate Developers and Investors
Experts predict that Kansas’ employment growth, particularly in the professional and business services, and production and transportation sectors, will continue to match or outpace U.S. averages. As for the real estate market, it’s booming, especially in Kansas City. Over the last 10 years, home values in Kansas City have increased by 10.8 percent year-over-year. The city also ranks as one of the top markets for renters based on activity in the rental market, particularly because of its affordability and quality of life.
Broadmark’s Kansas lending team has a great understanding of the market and will be your financial partner from day one through the completion of your project. All of our loans are backed by careful, in-house underwriting, strong knowledge of the local market, fair pricing, and the firm belief that construction loans should be a partnership.
Our lending commitments:
-
Loan-to-value ratio: up to 65% of the after repair value
-
Funding typically within 5 days of commitment
-
Commitment in as little as 48 hours
-
Typical loan size: $500,000 to $50 million
-
No upfront fees
-
No prepayment penalties
Questions?
Call: (800) 609 – 8704 or Get in touch with a lending expert.
Our construction loan is designed for vertical construction of projects such as multi-family housing, single-family housing, commercial, office, and industrial buildings, our loans are underwritten against the completed value of your project so you have more funding flexibility.
Our land development loans provide funding for the purchase of development-ready lot(s), soft costs, and entitlements required for development, such as hiring architects, engineers, and environmental and other consultants.
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.
Our redevelopment loans are designed for major improvements on multi-family units as well as commercial, office, hospitality, and industrial buildings, our rehab loans cover major upgrades such as tenant improvements, studs-out remodels, expansions, and redevelopment.
We offer hard money financing in the following Kansas counties:
Allen, Anderson, Atchison, Barber, Barton, Bourbon, Brown, Butler, Chase, Chautauqua, Cheyenne, Clark, Clay, Cloud, Coffey, Comanche, Cowley, Crawford, Decatur, Dickinson, Doniphan, Douglas, Edwards, Elk, Ellis, Ellsworth, Finney, Ford, Franklin, Geary, Gove, Graham, Grant, Gray, Greeley, Greenwood, Hamilton, Harper, Harvey, Haskell, Hodgeman, Jackson, Jefferson, Jewell, Johnson, Kearny, Kingman, Kiowa, Labette, Lane, Leavenworth, Lincoln, Linn, Logan, Lyon, Marion, Marshall, McPherson, Meade, Miami, Mitchell, Montgomery, Morris, Morton, Nemaha, Neosho, Ness, Norton, Osage, Osborne, Ottawa, Pawnee, Phillips, Pottawatomie, Pratt, Rawlins, Reno, Republic, Rice, Riley, Rooks, Rush, Russell, Saline, Scott, Sedgwick, Seward, Shawnee, Sheridan, Sherman, Smith, Stafford, Stanton, Stevens, Sumner, Thomas, Trego, Wabaunsee, Wallace, Washington, Wichita, Wilson, Woodson, and Wyandotte.
Our Kansas Lending Experts
Construction loans are very much a partnership. Our relationship doesn’t end the day documents get signed. Whether negotiating with a third-party lender, ensuring adequate reserves for maintenance and repairs, or addressing environmental concerns, we will be your advocate throughout the process, and do everything in our power to get you the loan you need.
Thomas J. Gunnison is Senior Vice President of the Mountain West and Midwest regions for Broadmark Realty Capital, overseeing loan origination and underwriting. Prior to joining Broadmark, Thomas worked for Re/Solve Funding, a private real estate lender, from 2013 to 2014, where he was responsible for loan originations and account maintenance. Thomas began his career in 2010 as an attorney at The Hustead Law Firm in Denver, Colorado where he was employed from 2010 to 2012. He received a B.S. from St. Louis University, and received a J.D. from the School of Law at Washington University in St. Louis.
-
Highest Degree of LeverageWe loan against the completed value of your project, with no loan-to-cost requirements. As a result, we can provide more funding for your project than a bank can and that means more flexibility for you.
Speed / ConvenienceWe can close as quickly as 5 days, and draws are wired within one to two business days after inspection approval. Banks can take months to review a typical real estate project. In that time, our clients’ projects are already underway and on the way to realizing profits.
-
Unmatched Industry ExpertiseWe’ve closed approximately $2.8 billion in project capital over more than 1,200 loans (and counting). Our level of construction market intelligence is second to none.
In-House Manual UnderwritingWe evaluate every deal on its own merits and are faster and more flexible in the evaluation process than traditional financing such as banks. You’ll typically get feedback within the same day of your request and a term sheet within as little as 24 to 48 hours.