Proud to support South Carolina Real Estate Investors
With a population of almost five million people, South Carolina is known for attracting retirees looking for a less stressful, slower-paced lifestyle. However, there are growing cities, including Columbia, Greenville, and Charleston, which are powered by the tech and aerospace industries and a highly-educated, younger workforce. Even with low housing inventory, single-family homes are affordable, and with 46 percent of the population being renters, there are numerous investment opportunities for real estate developers.
Our South Carolina lending team knows the market dynamics of the region and will be your advocate from day one through the completion of your project. All our loans are backed by careful, in-house underwriting, strong knowledge of the local market, fair pricing, and the highest level of customer service.
Our lending commitments:
Loan-to-value ratio: up to 65% of the after repair value
Funding typically within 5 days of commitment
Commitment in as little as 48 hours
Loans from $500,000 to $50 million
No upfront fees
No prepayment penalties
Designed for vertical construction of projects such as multi-family housing, single-family housing, commercial, office, and industrial buildings, our construction loans are underwritten against the completed value of your project so you have more funding flexibility.
Our land development loans provide funding for the soft costs and entitlements required for development, such as hiring architects, engineers, and environmental and other consultants.
We provide interim, or short-term, funding to cover the gap between when a construction loan comes due and long-term financing can be arranged. We base our loans on the completed value of the project, minimizing additional equity or cash requirements.
Designed for major improvements on multi-family units as well as commercial, office, hospitality, and industrial buildings, our rehab loans cover major upgrades such as tenant improvements, studs-out remodels, expansions, and redevelopment.
We offer private financing for commercial real estate in the following South Carolina counties:
Abbeville, Aiken, Allendale, Anderson, Bamberg, Barnwell, Beaufort, Berkeley, Calhoun, Charleston, Cherokee, Chester, Chesterfield, Clarendon, Colleton, Darlington, Dillon, Dorchester, Edgefield, Fairfield, Florence, Georgetown, Greenville, Greenwood, Hampton, Horry, Jasper, Kershaw, Lancaster, Laurens, Lee, Lexington, McCormick, Marion, Marlboro, Newberry, Oconee, Orangeburg, Pickens, Richland, Saluda, Spartanburg, Sumter, Union, Williamsburg, and York.
Our South Carolina Lending Expert
Construction loans are very much a partnership. Our relationship doesn’t end the day documents get signed. Whether negotiating with a third-party lender, ensuring adequate reserves for maintenance and repairs, or addressing environmental concerns, we will be your advocate throughout the process, and do everything in our power to get you the loan you need.
Jordan Siao is Senior Vice President of the Southeast region at Broadmark Realty Capital, overseeing loan origination and underwriting. Jordan originally joined Broadmark in 2015 as a member of the underwriting department, where he was responsible for sourcing and underwriting loans. He later moved into asset management where he focused on portfolio optimization. Prior to joining Broadmark, Jordan served as a senior analyst at Colony Capital from 2012 to 2015, where his responsibilities included asset management of a rental portfolio that spanned nationwide disposition strategy and underwriting for new acquisitions. He received a B.S. in Business Administration from the George L. Argyros School of Business and Economics at Chapman University.
Highest Degree of Leverage
We loan against the completed value of your project, with no loan-to-cost requirements. As a result, we can provide more funding for your project than a bank can and that means more flexibility for you.Speed / Convenience
We can close as quickly as 5 days, and draws are wired within one to two business days after inspection approval. Banks can take months to review a typical real estate project. In that time, our clients’ projects are already underway and on the way to realizing profits.
Unmatched Industry Expertise
We’ve closed approximately $2.8 billion in project capital over more than 1,200 loans (and counting). Our level of construction market intelligence is second to none.In-House Manual Underwriting
We evaluate every deal on its own merits and are faster and more flexible in the evaluation process than traditional financing such as banks. You’ll typically get feedback within the same day of your request and a term sheet within as little as 24 to 48 hours.
Let us know how we can help you complete your next project.
Phone: (678) 902 – 4899
Office: 309 E Paces Ferry RD NE
Atlanta, GA 30305
I really appreciate all you did for us. Having our original construction loan mature before we were qualified for conventional financing could have cost us our business. You stepped up and helped us. I would recommend you in the future without hesitation!
(678) 902 – 4899
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