Horizontal + Vertical Capital
Suburban Infill Development
Project Description
Broadmark (NYSE: BRMK) provided IMH Companies (https://imhcompanies.com/) with horizontal and vertical investment capital of approximately $8.1M to construct the first 13 single-family homes in Phase 1 of the Rushton Project in the Canton Ridge subdivision in Saratoga Springs, UT. Phase 1 will include a total of 71 single-family lots. The project is part of a master-planned community with adjacent builders, including Richmond American Homes and Symphony Homes. IMH will develop detached single-family homes averaging 2,600 square feet of living space with 3-car garages and unfinished basements.
Loan Details
Saratoga, UT
August 2022
$8,067,500
Contact Information
Matt Hittson, Central Region
Tom Gunnison, Central Region
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