We specialize in hard-money style financing for real estate investors and developers who require quick closings, outside-the-box thinking, and the utmost professional service.
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 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.
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Loan-to-value ratio: up to 65% of the after repair value
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No upfront fees
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Commitment in as little as 48 hours
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No prepayment penalties
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Loans from $500,000 to $50 million
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Funding typically within 5 days of commitment
Our Pacific Northwest team
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.
Mike Incrocci serves in a business development and origination capacity for Broadmark Realty Capital. Before joining Broadmark in 2018, he worked in investment management and commercial development, including stints at Northwestern Mutual, The Northlake Group, Varon, INC, Linc Property Partners, UBS/Paine Webber, and Lind-Walkdock. His experience includes converting 10 buildings and 150+ units to condominiums in the Ballard, Fremont, and Greenwood neighborhoods of Seattle.
Mike attended Miami University, where he was a member of the International Honors Society. He is Series 6 and 63 licensed.
Outside of work, he is the Vice President of the Pacific Little League and a coach/volunteer with numerous youth programs. He and his wife, Emily, live in Edmonds and have three (usually) wonderful boys. He loves to cook, listen to podcasts, and spend time with his family. They spend the weekends running from one activity to the other and volunteering in their community.
Matt Bullis serves in a business development and origination capacity for Broadmark Realty Capital. Prior to joining the team, he held multiple roles in management and entrepreneurship where he thrived working in building restoration and plan analysis.
Outside the office, Matt enjoys trying new recipes.
Doug Swafford serves in a business development and origination capacity for Broadmark Realty Capital covering Oregon and Southwest Washington. Doug has 25 years of combined work experience including roles such as title officer, lender and residential sales, land development/builders services, GIS marketing and consulting, as well as a financial planner and insurance agent.
Outside the office, Doug enjoys spending time with his wife Miriam and teenage son Liam. As a family, we enjoy outdoor activities and weekend trips. I enjoy spending time in the kitchen. I have a passion for cooking both American and Chinese food.
We’re here to make your vision a reality. With unmatched experience across a wide range of commercial real estate investments, our experienced team will custom tailor a solution that’s right for your project, without the costly delays inherent in traditional financing.
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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.
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.
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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.