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
Albemarle, NC
September 2022
$3,600,000
Contact Information
Jordan Siao, Eastern Region
Discover Similar Case Studies
Your real estate goals–accomplished. Broadmark has designed financial solutions for savvy real estate developers, operators, and owners. Read about our successes and contact us today to learn how we can help you reach your goals.
CONNECT WITH THE RIGHT MARKET EXPERT
Request Terms
"*" indicates required fields
Smart. Reliable. Rapid.
Your trusted partner in real estate finance.