Townhomes in St. Petersburg, FL

Reliable Acquisition Through Vertical Financing

rendering of development

Project Description

Broadmark provided three million dollars 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.

Loan Details

Broadmark logo

St. Petersburg, FL

Broadmark logo

July 2022

Broadmark logo


Contact Information

Jacob Wigle

Jacob Wigle, Northern & Central Florida

Ryan Good

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.


Request Terms

"*" indicates required fields

Preferred Contact Method*
This field is for validation purposes and should be left unchanged.

Smart. Reliable. Rapid.

Your trusted partner in real estate finance.