Ground Up Duplex Construction
Investing in Moses Lake
Project Description
Broadmark invests capital into the horizontal and vertical construction of 4 duplex units (8 total units) on the southwestern side of Moses Lake in Washington for $2.1m. Each duplex unit will have 3 beds/2 baths, be 1,517 square feet, and be located in an upscale area neighboring the Moses Lake Golf Club. Accessibility to the I90 is located half a mile from the property. It is a 10-minute drive to the Peninsula and the city center, where most shops, restaurants, and entertainment can be found.
Broadmark was able to close in 10-days at a fixed rate and closed before the final building permit was issued.
Loan Details
Moses Lake, WA
June 2022
$2,176,047
Contact Information
Thatcher Milholland, Washington
Douglas Swafford, Oregon & SW Washington
Mike Incrocci, Western Region
Bryan Graf, (NMLS ID 1438299), Western 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.