Broadmark Provides $3.1M For Six Townhomes in Downtown Crabapple, Georgia

construction funding for six townhomes

Project Description

Broadmark Realty Capital recently provided construction funding for six attached townhomes for a total loan amount of $3.17 million. Broadmark funded the project at 62 percent loan-to-value which included 100 percent of the construction costs and required minimal borrower cash into the project. The borrowers selected Broadmark due to our ability to quickly underwrite a unique product type for the area, which ultimately enabled us to close within 30 days of receiving the full underwriting package.

Situated in the heart of downtown Crabapple, the property is within walking distance of numerous shops and restaurants.

Loan Details

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Crabapple, GA

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November 2020

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$3,170,000

Contact Information

Jordan Siao, Eastern Region

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