We've been lending in Idaho since 2010
There’s a new trend in the housing market: people saying goodbye to city life and moving to more affordable inland cities and towns. Idaho’s booming housing market shows this is true. Boise had the third-highest amount of new private housing permits issued per capita in Idaho in July 2020, indicating strong demand for new construction.
Our Idaho lending team recognizes the market dynamics of the region and will be your ally from day one through the completion of your project. All of our loans are backed by careful, in-house underwriting, profound knowledge of the local market, fair pricing, and a high level of service.
Our lending commitments:
Loan-to-value ratio: up to 65% of the after repair value
Commitment in as little as 48 hours
Loans from $500,000 to $50 million
No upfront fees
No prepayment penalties
Funding typically within 5 days of commitment
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.
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 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.
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 real estate financing for investors and developers in the following Idaho counties:
Ada, Adams, Bannock, Bear Lake, Benewah, Bingham, Blaine, Boise, Bonner, Bonneville, Boundary, Butte, Camas, Canyon, Caribou, Cassia, Clark, Clearwater, Custer, Elmore, Franklin, Fremont, Gem, Gooding, Idaho, Jefferson, Jerome, Kootenai, Latah, Lemhi, Lewis, Lincoln, Madison, Minidoka, Nez Perce, Oneida, Owyhee, Payette, Power, Shoshone, Teton, Twin Falls Valley, and Washington.
Our Idaho Loan 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.
Ryan Good serves in business development and origination capacity for Broadmark Realty Capital. Ryan began his career in investment management and was a co-founder of the Oregon State Investment Group. Ryan has worked in several capacities in commercial real estate including in multifamily investment brokerage, land acquisitions, and project management.
Outside the office, Ryan enjoys golfing, camping in the Pacific Northwest, and spending time with his wife and her side of the family in Guadalajara, Mexico.
Matt Bullis serves in business development and origination capacity for Broadmark Realty Capital. Prior to joining the team, he held multiple roles in management and entrepreneurship where he excelled in working in building restoration and plan analysis.
In his spare time, Matt enjoys trying new recipes.
Highest Degree of Leverage
We 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 / Convenience
We 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 Expertise
We’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 Underwriting
We 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.
Let us know how we can help you complete your next project.
Phone: (206) 971 – 0800
Office: 1420 Fifth Avenue,
Suite 2000, Seattle, WA 98101
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!
(206) 971 – 0800
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