Proud to support Virginia Real Estate Developers
Virginia has a highly-educated workforce earning above-average wages – meaning more qualified renters and buyers, a consistent increase in demand, and therefore higher home prices. While current homeowners are happy with the appreciation, first-time homebuyers face prices well above the national average. Rental rates are also above the national average. This is makes for a great market for real estate investors.
Our Virginia lending team knows the market variations of the region and will be your partner 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 a high level of personal service.
Our lending commitments:
Loan-to-value ratio: up to 65% of the after repair value
Commitment in as little as 48 hours
Loans from $500,000 to $50 million
No upfront fees
No prepayment penalties
Funding typically within 5 days of commitment
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 hard money financing in the following Virginia counties:
Accomack, Albemarle, Alleghany, Amelia, Amherst, Appomattox, Arlington, Augusta, Bath, Bedford, Bland, Botetourt, Brunswick, Buchanan, Buckingham, Campbell, Caroline, Carroll, Charles City, Charlotte, Chesterfield, Clarke, Craig, Culpeper, Cumberland, Dickenson, Dinwiddie, Essex, Fairfax, Fauquier, Floyd, Fluvanna, Franklin, Frederick, Giles, Gloucester, Goochland, Grayson, Greene, Greensville, Halifax, Hanover, Henrico, Henry, Highland, Isle Of Wight, James City, King And Queen, King George, King William, Lancaster, Lee, Loudoun, Louisa, Lunenburg, Madison, Mathews, Mecklenburg, Middlesex, Montgomery, Nelson, New Kent, Northampton, Northumberland, Nottoway, Orange, Page, Patrick, Pittsylvania, Powhatan, Prince Edward, Prince George, Prince William, Pulaski, Rappahannock, Richmond, Roanoke, Rockbridge, Rockingham, Russell, Scott, Shenandoah, Smyth, Southampton, Spotsylvania, Stafford, Surry, Sussex, Tazewell, Warren, Washington, Westmoreland, Wise, Wythe, and York.
Our Virginia Loan Experts
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.
Brian Dubin is Senior Vice President of the Mid-Atlantic region for Broadmark Realty Capital, overseeing loan origination and underwriting. Prior to joining Broadmark, he was a Vice President and Director of Business Development at BlueWater Funding, a commercial private lender, from 2009 to 2019. Brian began his career at First Madison Mortgage Corporation where he served as Senior Vice President and Partner from 2003 to 2007; he was responsible for market research, loan sourcing and underwriting as well as daily operations. Mr. Dubin received a B.A. in Communications from the University of Wisconsin-Madison.
Ryan Carmichael serves in business development and origination capacity for Broadmark Realty Capital. Ryan began his real estate career as a sales associate for a multi-national real estate data and analytics company. Ryan has also worked as a commercial real estate property tax consultant, serving the DC, Maryland, and Virginia. Ryan received his Master’s degree in Real Estate from Georgetown University and a Bachelor’s degree from the University of California, Berkeley.
In his free time, Ryan enjoys cooking, running on the trails in Rock Creek Park, and following Georgetown basketball & Cal football.
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.
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!
Phone: (240) 338 – 0605
(240) 338 – 0605
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