Property Details
Repeat Sponsor 
Asset Profile
Multiple

Broadmark Real Estate Lending Fund II 2018

Colorado, Utah & Texas

Multi-Focus Fund
Broadmark Real Estate Management, LLC Seattle, WA
Broadmark Real Estate Management, LLC
Targets
  • IRR 10-12%
  • Equity Multiple N/A
  • Hold Period Evergreen
  • Minimum Investment $100K
  • Year 1 Cash on Cash 11.4%
  • Stabilized Cash on Cash N/R
  • First Distribution Jan 2019
  • Distribution Frequency Monthly
  • Co-Investment N/R
  • Preferred Return 6%
  • Investor Profit Share 80%
  • Asset Profile Multiple
  • Loan-to-Value 65%
  • Current Occupancy N/A

About this Fund

BRELF II, LLC is offered by Broadmark Real Estate Management, LLC, which has already raised $17,200,000 from 138 RealCrowd investors. BRELF II originates short-term, first position loans secured by real estate without using leverage, acting as a "bank" to small and mid-sized builders and developers.

BRELF II is part of the Broadmark Family of Lending Funds, which has an eight year audited track record of returns in excess of 11% annualized. Although they work hard to generate attractive returns, the primary goal is principal preservation. BRELF II seeks to minimize the risk of loss through stringent underwriting standards.

About this Fund

BRELF II, LLC is offered by Broadmark Real Estate Management, LLC, which has already raised $17,200,000 from 138 RealCrowd investors. BRELF II originates short-term, first position loans secured by real estate without using leverage, acting as a "bank" to small and mid-sized builders and developers.

BRELF II is part of the Broadmark Family of Lending Funds, which has an eight year audited track record of returns in excess of 11% annualized. Although they work hard to generate attractive returns, the primary goal is principal preservation. BRELF II seeks to minimize the risk of loss through stringent underwriting standards.

Key Points

  • 1st position deed of trust loans only.
  • No leverage of any kind.
  • Maximum loan to value ratios of 65%, current portfolio LTV is 58.8%.
  • Distributions paid monthly.
  • Immediate diversification across a portfolio of conservatively underwritten loans.
  • Current portfolio is 112 loans.
  • Annual audit by CohnReznick LLP.
  • Investments can be made through a self directed IRA.
  • BRELF II, LLC does not generate UBIT nor UDFI.

Offered By

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Assets Under
Management

Currently
$318.7MM 100+ assets
Exited
$150MM 100+ assets
Portfolio LTV
59%  
Historical
Realized Returns

Total IRR
11.7%  
Equity Multiple
0x  
Annual Cash
11.7%  
Years Of
Experience

As Principals
30+ years  
In Business
5 years  
Size
35 Staff * Dedicated investor relations
* All information is reported by Broadmark Real Estate Management, LLC as of 12/3/2018.
Assets Under
Management

Currently
$318.7MM 100+ assets
Exited
$150MM 100+ assets
Portfolio LTV
59%  
Historical
Returns

Total IRR
11.7%  
Equity Multiple
0x  
Annual Cash
11.7%  
Years Of
Experience

As Principals
30+ years  
In Business
5 years  
Size
35 Staff * Dedicated investor relations
* All information is reported by Broadmark Real Estate Management, LLC as of 12/3/2018.

Financials

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Offering Financial

Sponsor Diligence Report

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Diligence Preview

Location Details

Colorado, Utah & Texas

BRELF II lends against real estate in Colorado, Utah and Texas. It is satisfying an unmet need in the US credit market by providing short-term loans secured by real estate to small to mid-sized home-builders and developers.

Documents

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Offering Agreement Documents

Frequently Asked Questions

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Have a Question?

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