Ground Up Duplex Construction

Investing in Moses Lake

2022-128_Photo 1

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

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Moses Lake, WA

Broadmark logo

June 2022

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$2,176,047

Contact Information

Thatcher Milholland, Washington

Douglas Swafford, Oregon & SW Washington

Mike Incrocci, Western Region

Bryan Graf, Western Region

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