Construction Loan for a Condominium Project in Decatur, GA
In November 2020, Broadmark Realty Capital provided $1,770,000 in construction funding for a six-unit condominium in Decatur, Georgia. The subject property will be in one of the most desirable school districts in the Greater Atlanta area and will be located within walking distance to downtown Decatur. The proposed units are expected to have an average sales price upwards of $500,000/unit, which will be very affordable given the location and walkability.
Broadmark Realty Capital was able to minimize the needed borrower equity and close the loan in less than 30 days.
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