Luxury Build in Greater Avenues

Creative Cross Collateral Financing

Project Description

Broadmark, with its common sense underwriting, was able to provide the capital for the acquisition and construction of a new custom luxury single-family residence in the highly desired Avenues neighborhood of Salt Lake City, Utah. Two properties were cross-collateralized to secure the loan. Once developed, the 5.4-acre site will feature a 7,732 square foot custom home with 5 bedrooms and 5.25 bathrooms. The home will also include an 8-car tandem attached garage.

Loan Details

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Salt Lake City, UT

Broadmark logo

July 2022

Broadmark logo

$4,653,780

Contact Information

Matt Hittson, Central Region

Tom Gunnison, Central Region

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