18 Build-to-Rent Townhomes
Opportunistic Construction Capital
Broadmark Realty Capital (NYSE: BRMK) invests $3.6M for the vertical construction of 18 townhomes across five buildings in Albemarle, North Carolina, with a long-standing build-to-rent borrower. Each townhome will feature 3 bedrooms, 2.5 bathrooms, and 1,515 sq ft of living space. Like many markets, Albemarle lacks the inventory to match the demand and has witnessed a 32.4% year-over-year growth of homes sold which proves to be a strong market moving forward.
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