Proud to support North Carolina Real Estate Developers
North Carolina has a strong economy due to a diversified employment base spread across many industries, including technology, health tech, education, and banking. Metropolitan areas in the state have grown tremendously due to the increase in jobs, and corporate investments have created a demand for apartments, condos, and other rental properties. Our team will help fund your next real estate investment property, including condos, townhomes, apartments, hotels, and more.
Our North Carolina lending team understands 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, valuable knowledge of the local market, fair pricing, and the highest level of service – we have a transparent lending system with a personal representative for every project.
Our lending commitments:
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Loan-to-value ratio: up to 65% of the after repair value
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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
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Funding typically within 5 days of commitment
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 provide real estate construction loans in the following North Carolina counties:
Alamance, Alexander, Alleghany, Anson, Ashe, Avery, Beaufort, Bertie, Bladen, Brunswick, Buncombe, Burke, Cabarrus, Caldwell, Camden, Carteret, Caswell, Catawba, Chatham, Cherokee, Chowan, Clay, Cleveland, Columbus, Craven, Cumberland, Currituck, Dare, Davidson, Davie, Duplin, Durham, Edgecombe, Forsyth, Franklin, Gaston, Gates, Graham, Granville, Greene, Guilford, Halifax, Harnett, Haywood, Henderson, Hertford, Hoke, Hyde, Iredell, Jackson, Johnston, Jones, Lee, Lenoir, Lincoln, McDowell, Macon, Madison, Martin, Mecklenburg, Mitchell, Montgomery, Moore, Nash, New Hanover, Northampton, Onslow, Orange, Pamlico, Pasquotank, Pender, Perquimans, Person, Pitt, Polk, Randolph, Richmond, Robeson, Rockingham, Rowan, Rutherford, Sampson, Scotland, Stanly, Stokes, Surry, Swain, Transylvania, Tyrrell, Union, Vance, Wake, Warren, Washington, Watauga, Wayne, Wilkes, Wilson, Yadkin, and Yancey.
Our North Carolina Construction 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. This includes overseeing loan origination and underwriting for North Carolina, South Carolina, Tennessee, Georgia, and Florida. Jordan 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, where his responsibilities included asset management of a rental portfolio that spanned nationwide disposition strategy and underwriting for new acquisitions.
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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.