Reliable Acquisition Through Vertical Financing
Townhomes in St. Petersburg, FL
Broadmark provided three million dollars in acquisition financing for a proposed residential townhome development on a high-density infill site in downtown St. Petersburg, FL. The borrower is acquiring the land fully entitled and will complete the submittal process to receive full permit approval. Broadmark has agreed to provide the vertical construction funding through total project completion.
The improvements will comprise of 15 fee-simple units with rooftop terraces and an average living space of 2,235 sq ft. Given the short closing time frame and the site’s desirable location, the borrower needed a reliable lending partner that could quickly underwrite the entire project from acquisition through vertical construction.
St. Petersburg, FL
Jacob Wigle, Northern & Central Florida
Ryan Good, Southern Florida
Jordan Siao, Eastern Region
Discover Similar Case Studies
Your real estate goals–accomplished. Broadmark has designed financial solutions for savvy real estate developers, operators, and owners. Read about our successes and contact us today to learn how we can help you reach your goals.
CONNECT WITH THE RIGHT MARKET EXPERT
"*" indicates required fields
Smart. Reliable. Rapid.
Your trusted partner in real estate finance.