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!

Jack Bodden

Jan 28, 2017

I invested in BRELF II in September 2016.  Outstanding communication including highlights of new loans and full details on any loans in default.  LTV can be no greater than 65%.  Monthly distributions a plus.

D D

Jan 27, 2017

I've been in their BRELF II fund since late 2015 and I'm very happy with it.  Steady returns every month, can auto-reinvest, can withdraw quarterly after 1 yr lockup, monthly reports, professional operation.

Ian Ippolito

Jan 24, 2017

I've been in 2 of their funds for over a year. Consistent, rocksolid performance, good diversification, timely payments, excellent communication. Return has been between 10 and 11% which is fantastic for hard money loans in the current environment.

Top 5 by Overall Rating
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Broadmark Capital Broadmark Capital
Rated 3.9/5 based on 31 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.