Salem Utah Rural Residential Land Development Loan
Broadmark Realty Capital (BRMK) funds a $12M horizontal construction loan in one of Salem City, Utah’s newest master-planned communities, 60 miles south of Salt Lake City, UT.
This 27.58 acre rural residential/agricultural project will have 18 completed building pads and 132 finished lots between Salem City and Spanish Fork, UT. Each building pad will be the future home to six or eight townhomes. The proposed brick and stucco exterior homes will offer above-average quality finishes, two-car garages, and 2,047-2,233 sq ft of living space.
As specialists in construction loans, we understand the funding needs of real estate developers, builders, and contractors. As quick as 24 to 48 hours, our expedited draw process gives you quick access to cash. Our loans can also be structured with a pre-draw to cover land and soft costs if needed.
Salem City, UT
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.