Horizontal Construction Financing for Master Planned Community
Project Description
Broadmark Realty Capital (BRMK) funds a $12M horizontal construction loan in one of Salem City, Utah’s newest master-planned communities, 60 miles south of Salt Lake City, UT.
This 27.58 acre rural residential/agricultural project will have 18 completed building pads and 132 finished lots between Salem City and Spanish Fork, UT. Each building pad will be the future home to six or eight townhomes. The proposed brick and stucco exterior homes will offer above-average quality finishes, two-car garages, and 2,047-2,233 sq ft of living space.
As specialists in construction loans, we understand the funding needs of real estate developers, builders, and contractors. As quick as 24 to 48 hours, our expedited draw process gives you quick access to cash. Our loans can also be structured with a pre-draw to cover land and soft costs if needed.
Contact Tom Gunnison today regarding your residential development project.
Loan Details
Salem, UT
March 2022
$12M
Contact Information
Matt Hittson, Central Region
Tom Gunnison, Central Region
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