Proud to support Louisiana Real Estate Developers
Louisiana’s economy is driven by industries such as petrochemical, medical, research, and technology. Healthy job growth in institutions like ExxonMobil and Louisiana State University support the overall health of the economy and drive renter demand. Baton Rouge, in particular, has been considered one of the most consistent investment markets in the nation, as its local housing markets are typically less affected by economic fluctuations. Even during the Great Recession, home prices in Baton Rouge remained stable.
Broadmark’s Louisiana team understands the market dynamics and will be your advocate from day one through the completion of your construction project. We lend against the completed value of the project, with no loan-to-cost requirements, providing you with more flexibility and funding.
Our lending commitments:
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Loan-to-value ratio: up to 65% of the after repair value
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Funding typically within 5 days of commitment
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Commitment in as little as 48 hours
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Loans from $500,000 to $50 million
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No upfront fees
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No prepayment penalties
Questions?
Call: (678) 902 – 4899 or Get in touch with a lending expert.
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 hard money loans in the following Louisiana counties (Parishes):
Acadia, Allen, Ascension, Assumption, Avoyelles, Beauregard, Bienville, Bossier, Caddo, Calcasieu, Caldwell, Cameron, Catahoula, Claiborne, Concordia, De Soto, East Baton Rouge, East Carroll, East Feliciana, Evangeline, Franklin, Grant, Iberia, Iberville, Jackson, Jefferson, Jefferson Davis, La Salle, Lafayette, Lafourche, Lincoln, Livingston, Madison, Morehouse, Natchitoches, Orleans, Ouachita, Plaquemines, Pointe Coupee, Rapides, Red River, Richland, Sabine, St. Bernard, St. Charles, St. Helena, St. James, St. John The Baptist, St. Landry, St. Martin, St. Mary, St. Tammany, Tangipahoa, Tensas, Terrebonne, Union, Vermilion, Vernon, Washington, Webster, West Baton Rouge, West Carroll, West Feliciana, and Winn.
Our Louisiana Loan Expert
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.
Jordan Siao is Senior Vice President of the Southeast region at Broadmark Realty Capital, overseeing loan origination and underwriting. Jordan originally joined Broadmark in 2015 as a member of the underwriting department, where he was responsible for sourcing and underwriting loans. He later moved into asset management where he focused on portfolio optimization. Prior to joining Broadmark, Jordan served as a senior analyst at Colony Capital from 2012 to 2015, where his responsibilities included asset management of a rental portfolio that spanned nationwide disposition strategy and underwriting for new acquisitions. He received a B.S. in Business Administration from the George L. Argyros School of Business and Economics at Chapman University.
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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.
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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.