Construction Loan in Florida
Project Description
Broadmark Realty Capital closed on construction funding for 13 single-family build-to-rent units in Port Charlotte and North Port, Florida, across two loans totaling $2 million. The combined loan-to-cost (LTC) ratio for this loan was 88.8%, which ultimately minimized the amount of borrower equity needed to close the loan.
The sponsor has worked with Broadmark on 122 build-to-rent units to date.
Loan Details
Port Charlotte and North Port, Florida
February 2021
$2,015,000
Contact Information
Jacob Wigle, Northern & Central Florida
Ryan Good, Southern Florida
Jordan Siao, Eastern 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
"*" indicates required fields
Smart. Reliable. Rapid.
Your trusted partner in real estate finance.