$3.2M Build-to-Rent Homes in Florida

build to rent homes

Project Description

Broadmark Realty Capital provided construction funding for 21 single-family build-to-rent units in Florida. Of the sites, 11 are in Cape Coral, 5 are in Port Charlotte, and 5 are in North Port. The loan closed with a combined loan-to-cost (LTC) ratio of 87% and a loan-to-value (LTV) ratio of 64.9%.

We’ve been working with this client since 2018, funding hundreds of single-family units in multiple states. They continue to work with us because we’re a reliable source of capital, are quick to fund draws, and can keep up with the number of projects they have going on simultaneously.

Loan Details

Broadmark logo

Southeast, FL

Broadmark logo

April 2021

Broadmark logo

$3,295,000

Contact Information

Jacob Wigle

Jacob Wigle, Northern & Central Florida

Ryan Good

Ryan Good, Southern Florida

Jordan Siao, Eastern Region

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