Mill Creek Acquisition & Development of 42 Townhomes

Rendering of Common Wall Townhomes

Project Description

Broadmark finances the land acquisition and horizontal development of 42 new townhomes in Mill Creek, WA, for $5.25M.  Once building permits are issued, Broadmark plans to fund the vertical construction of all 42 townhomes as well. This project will consist of eight buildings and will offer four different floorplans ranging from 1,745 to 2,193 sq ft of living space. These units will boast three and four-bedroom options, 2.5-3.5 bathrooms, and single and double garages. Over the last two years, Mill Creek has seen a strong appreciation in the median sales price and the number of homes available, making this project a win-win for the borrower and future residents. When it comes to providing capital for your next residential development, contact Broadmark.

Loan Details

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Mill Creek, WA

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May 2022

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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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