Land Acquisition Loan in Birch Bay, WA
Project Description
Broadmark financed the purchase a total of 220.21 acres located next to the Semiahmoo master planned community 20 miles northwest of Bellingham for a long-time client. This acquisition includes 71 existing finished single‐family lots, unimproved land for 143 additional single‐family lots, and a site for 55 multifamily units.
Loan Details
Birch Bay, WA
June 2021
$9,000,000
Contact Information
Thatcher Milholland, Washington
Douglas Swafford, Oregon & SW Washington
Mike Incrocci, Western Region
Bryan Graf, (NMLS ID 1438299), Western Region
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