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This statistic highlights Broadmark Realty’s Loans Breakdown, split across Acquisition, Bridge, Horizontal Development, Investment, Land Entitlement, Rehabilitation, and, Vertical Construction, and reported quarterly from Q1 2020 onwards.
Broadmark Realty is a real estate investment trust that provides short-term loans to real estate developers. Broadmark Realty’s Loans by Construction Type include:
The below table shows us Broadmark Realty’s Loans Breakdown by Construction Type:
Segment | 2022 Q3 | 2022 Q4 | 2023 Q1 | Loan Mix for Q1 2023 |
Acquisition | 4,94,49,000.0 | 1,51,95,000.0 | 4,65,36,000.0 | 5% |
Bridge | 2,19,61,000.0 | 2,26,11,000.0 | 1,51,96,000.0 | 2% |
Horizontal Development | 21,36,66,000.0 | 22,10,78,000.0 | 22,10,78,000.0 | 24% |
Investment | 4,85,60,000.0 | 4,65,36,000.0 | 3,94,22,000.0 | 4% |
Land Entitlement | 2,58,91,000.0 | 2,61,32,000.0 | 2,26,11,000.0 | 2% |
Rehabilitation | 3,63,97,000.0 | 3,94,22,000.0 | 2,61,32,000.0 | 3% |
Vertical Construction | 53,57,37,000.0 | 55,24,68,000.0 | 55,24,68,000.0 | 60% |
Total | 93,16,61,000.0 | 92,34,42,000.0 | 92,34,43,000.0 | 100% |
(All figures are in USD, except percentages)
It is seen that Vertical Construction loans have made up 60% of the loan mix of Q1 2023 whereas Horizontal Development loans make up 24%. The company also earns money from others loan types such as Acquisition, Bridge, Investment, Land Entitlement, and Rehabilitation loans.
Broadmark Realty’s Loans by Construction Type include:
About Broadmark Realty
Broadmark Realty Capital is a real estate investment trust (REIT) that specializes in the short-term, first deed of trust loans secured by real estate. The company’s headquarters are in New York City, where it was established in 2004.
Broadmark Realty’s target market is real estate developers who need quick access to capital to fund their projects. The company’s loans typically have terms of 12 to 24 months and are secured by the underlying real estate assets.
Broadmark Realty’s loans are typically priced at a premium to the prevailing interest rates. However, the company’s target market is willing to pay this premium because they need quick access to capital and they are confident that the underlying real estate assets will appreciate in value over time.
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