Smyrna, GA single-family home project

This vertical construction loan is for two standalone single-family homes on contiguous lots in Smyrna, GA. The subject lots are located on one of the most active streets for new construction and redevelopment and are within walking distance to downtown Smyrna. The borrower spent a year splitting the parcel into two buildable lots. In turn, Broadmark Realty Capital was able to minimize the amount of equity needed by the borrower and finance the project at an 87% loan-to-cost (LTC) ratio.