Rapid Investment Refinance
Entitled Land for Future 55+ Community
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
Meridian, ID
May 2022
$4,550,000
Contact Information
Mike Incrocci, Western Region
Bryan Graf, (NMLS ID 1438299), Western Region
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