$2M Acquisition loan in Burlington, WA

Construction Loan in Washington

Project Description

Broadmark Realty Capital recently provided financing for the acquisition of land to develop a 140-unit multifamily community in downtown Burlington, Washington. The project will consist of 140 rentable units: 58 studios, 71 one-bed units, 8 two-bed units, and 3 three-bed units. The main floor will include 12,500 square feet of premium retail space.

The property is located near the intersection of Highway 20, Interstate 5, and Burlington Boulevard. This will allow residents to easily access The Outlet Shoppes at Burlington, which includes stores such as Fred Meyer, Costco, Best Buy, and many other retailers and grocers.

Loan Details

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Burlington, WA

Broadmark logo

September 2020

Broadmark logo

$2,000,000

Contact Information

Thatcher Milholland, Washington

Douglas Swafford, Oregon & SW Washington

Mike Incrocci, Western Region

Bryan Graf, Western Region

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