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Fund Narrows Gap for Short-Term Financing

Many smaller regional banks, which previously provided short-term debt, were forced to close or were absorbed following the 2008 financial crisis, and Broadmark is satisfying an unmet need for short-term financing.

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PORTLAND, OR—Broadmark Real Estate Management II LLC, a private lender serving small to mid-sized builders and developers in the Mountain West, has relaunched its open-ended fund, Broadmark Real Estate Lending Fund II on RealCrowd. The fund, which currently has $359 million in AUM, underwrites short-term first position loans to finance real estate transactions in Colorado, Utah and Texas.

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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