18 Build-to-Rent Townhomes

Opportunistic Construction Capital

Project Description

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.

Loan Details

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Albemarle, NC

Broadmark logo

September 2022

Broadmark logo

$3,600,000

Contact Information

Brian Dubin

Brian Dubin, Eastern Region

Jordan Siao, Eastern Region

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