$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

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Southeast, FL

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April 2021

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Contact Information

Jacob Wigle

Jacob Wigle, Northern & Central Florida

Ryan Good

Ryan Good, Southern Florida

Jordan Siao, Eastern Region

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