Construction Loan for build-to-rent units in Southwest Florida
Broadmark Realty Capital closed on construction funding for 16 single-family build-to-rent units in Southwest Florida for a total loan amount of $2,395,000. Eight of the homes will be in Cape Coral, six in Port Charlotte, and the remaining two in North Port. The combined LTV for the 16 units is 64.2%.
The sponsor is a repeat borrower that has partnered with Broadmark Realty Capital on 66 build-to-rent units to date. The borrower continues to work with Broadmark due to our unique understanding of underwriting single-family build-to-rent units at retail instead of rental value.
Ryan Good, Southern Florida
Jacob Wigle, Northern & Central 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
"*" indicates required fields
Smart. Reliable. Rapid.
Your trusted partner in real estate finance.