Construction Loan in Charlotte, NC
Project Description
Broadmark Realty Capital recently closed on this construction loan for 15 single-family build-to-rent units in Charlotte, North Carolina. The loan closed within 30 days of Broadmark receiving the underwriting packages and features an 86.3 percent loan-to-cost (LTC) ratio.
This borrower has previously worked with Broadmark on 96 build-to-rent units in Southwest Florida. They are expanding into North Carolina and continue to work with Broadmark due to our unique understanding of underwriting single-family build-to-rent units and ability to lend in multiple Southeast states.
Loan Details
Charlotte, North Carolina
January 2021
$2,425,000
Contact Information
Jordan Siao, Eastern Region
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