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

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Seattle, WA

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July 2022

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Contact Information

Thatcher Milholland, Washington

Douglas Swafford, Oregon & SW Washington

Mike Incrocci, Western Region

Bryan Graf, (NMLS ID 1438299), Western Region

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