Construction Loan in Charlotte, NC

construction loan in charlotte, north carolina

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

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Charlotte, North Carolina

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January 2021

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$2,425,000

Contact Information

Brian Dubin

Brian Dubin, Eastern Region

Jordan Siao, Eastern Region

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