Construction Financing
Low-Rise Multifamily Housing in Fort Meyers, FL
Project Description
Broadmark Realty Capital closed construction funding for a new, low-rise multifamily building in Fort Myers, Florida, for a total loan amount of approximately $3.1 million. The property’s 33 one-bed/one-bath units will provide an attractive housing option at an affordable price. Broadmark Realty Capital’s loan will fund 100% of vertical construction. The sponsor, a Tampa Bay-based developer with over four decades of industry experience, chose to partner with Broadmark given our vast underwriting experience with infill new construction apartment complexes.
Loan Details
Fort Meyers, FL
June 2021
$3,110,000
Contact Information
Ryan Good, Southern Florida
Jacob Wigle, Northern & Central Florida
Jordan Siao, Eastern Region
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