Vertical Condo Construction Financing

No Presale Requirement

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Project Description

Broadmark invested $12.9M in capital to fund the vertical construction of a newly proposed 31-unit condominium development in the highly desirable Cameron Village neighborhood of Raleigh, NC. The site is walkable to various restaurants, a 5-minute drive from downtown Raleigh, and within close proximity of Research Triangle Park. Despite the complexities in underwriting a new construction condo project, Broadmark was able to fund the loan without a presale requirement for a self-performing general contractor.

Loan Details

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Raleigh, NC

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June 2022

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$12,900,000

Contact Information

Brian Dubin

Brian Dubin, Eastern Region

Jordan Siao, Eastern Region

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