URL:
Location:
Seattle, WA
Niche:
Lending
Prior::
Real Crowd

Overall:

Communication/Reporting:

Track Record/Performance:

Sponsor Fees:

To see feedback and discussions from actual Broadmark investors, join over 1000 accredited investors at the 506 Investor Group. 506 Group negotiates lower fees and better terms versus investing direct. Members of the 506 Group have invested over $20 million with Broadmark.

Established in 1987, Broadmark Capital is a merchant bank providing direct investment opportunities for accredited investors, and financing and management services to emerging companies. Pyatt Broadmark Management is an affiliated company of Broadmark Capital and is the Manager of Pyatt Broadmark Real Estate Lending Fund I.

In late 2009 and 2010, we began an extensive due diligence process that included a review of many competitive real estate lending firms. We learned two things: first, we concluded small builders, developers, and real estate investors need short-term commercial financing; moreover, demand for this financing is even more acute today than it has ever been. Historically, this type of financing was supplied by regional banks. However post-credit crisis, many regional banks were either shut down completely, sold to larger competitors, or restricted from making these types of loans. Banks have not returned to this market since that time and we don't believe they will. Second, we concluded a relatively conservative real estate lending fund could be designed to mitigate many of the risks that have plagued this asset class. So we did, and built a fund we would be comfortable recommending to our friends and family. 

Due Diligence & Discussions

Share your experience. Rate and comment!

Keith Knepel

Dec 03, 2019

Broadmark has been a great investment for me.  My returns have averaged around 10% annually.  They just went public this past month and I bought more stock.  I suspect the price will go up significanlty once investors see the returns they generate.

Earl Novendstern

Jul 12, 2019

From a discussion I had with Broadmark today (and I invested $150K), they will no longer be taking private equity after today.   They are in the process of trying to go "public," due to banking regulation limitations on the number of investors.   Once they go public, current private investors will be given the option of liquidating or converting to the public shares.   Interest rates they pay will then be based on how the market evaluates the public offering.

Does anyone know of other private funds similar to Broadmark that allow liquidation after one year?   I don't want to tie up funds for a number of years.  Thanks.

Daniel E

May 05, 2019

Good communication, fair reporting and OK fees.  There are concerns regarding LTCs that are never mentioned in the reports and the future of the fund. 

Torgeir Willumsen

Dec 22, 2017

Have been invested a few months now. Very happy with the performance so far and just decided to increase my investment.

Alberto BigG

Dec 15, 2017

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Rated 4.0/5 based on 32 customer reviews

To see feedback and discussions from actual Broadmark investors, join over 1000 accredited investors at the 506 Investor Group. 506 Group negotiates lower fees and better terms versus investing direct. Members of the 506 Group have invested over $20 million with Broadmark.

Established in 1987, Broadmark Capital is a merchant bank providing direct investment opportunities for accredited investors, and financing and management services to emerging companies. Pyatt Broadmark Management is an affiliated company of Broadmark Capital and is the Manager of Pyatt Broadmark Real Estate Lending Fund I.

In late 2009 and 2010, we began an extensive due diligence process that included a review of many competitive real estate lending firms. We learned two things: first, we concluded small builders, developers, and real estate investors need short-term commercial financing; moreover, demand for this financing is even more acute today than it has ever been. Historically, this type of financing was supplied by regional banks. However post-credit crisis, many regional banks were either shut down completely, sold to larger competitors, or restricted from making these types of loans. Banks have not returned to this market since that time and we don't believe they will. Second, we concluded a relatively conservative real estate lending fund could be designed to mitigate many of the risks that have plagued this asset class. So we did, and built a fund we would be comfortable recommending to our friends and family.