Rapid Investment Refinance

Entitled Land for Future 55+ Community

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Project Description

The client engaged Broadmark to refinance permitted land in Meridian, ID. The land bridge loan will recapitalize the current note and provide an interest reserve. The client specializes in developing 55+ communities with on-site amenities such as fitness gyms, a library, and an indoor pool/spa; they intend to develop the subject site into 160 units.

Broadmark prides itself as a partner that can consistently deliver smart, reliable, and rapid financing solutions and was able to issue $4.5m in capital in just ten days from the initial request from the client.

Loan Details

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Meridian, ID

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May 2022

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$4,550,000

Contact Information

Mike Incrocci, Western Region

Bryan Graf, Western Region

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