Acquisition & Construction Loan

Redmond & Sammamish - 13 Homes

Project Description

Broadmark lends $6.61M to a well-known PNW homebuilder to acquire two land parcels with follow-on funding for horizontal development and SFR vertical construction. The acquisition and construction loan will be used for Phase I of a 13-home project located in two dynamic eastside Seattle neighborhoods – Redmond and Sammamish. To meet the borrower’s accelerated timeline, Broadmark was able to underwrite and close the loan in two weeks, a prime example of the flexibility and dynamics of lending balance sheet capital.

Loan Details

Broadmark logo

Seattle, WA

Broadmark logo

July 2022

Broadmark logo

$6,609,061

Contact Information

Thatcher Milholland, Washington

Douglas Swafford, Oregon & SW Washington

Mike Incrocci, Western Region

Bryan Graf, Western 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

Smart. Reliable. Rapid.

Your trusted partner in real estate finance.