Combining lending expertise and unparalleled service since 2010.
We specialize in hard money loans designed for investment buyers and developers who require quick closings, outside-the-box thinking, and the utmost professional service in Washington, D.C., Maryland, Virginia, and Pennsylvania. All our loans are backed by careful, in-house underwriting, strong knowledge of the local market, fair pricing, and the idea that construction loans are very much a partnership. We are your advocate from day one through the completion of your project.
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Loan to value ratio; up to 65%
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Commitment in as little as 48 hours
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Typical loan size: $250,000 to $50 million
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No upfront fees
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No prepayment penalties
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Funding typically within 5 days of commitment
Designed for vertical construction of projects such as multi-family housing, single-family housing, commercial, office, and industrial buildings, our construction loans are underwritten against the completed value of your project so you have more funding flexibility.
Our land development loans provide funding for the soft costs and entitlements required for development, such as hiring architects, engineers, and environmental and other consultants.
We provide interim, or short-term, funding to cover the gap between when a construction loan comes due and long-term financing can be arranged. We base our loans on the completed value of the project, minimizing additional equity or cash requirements.
Designed for major improvements on multi-family units as well as commercial, office, hospitality, and industrial buildings, our rehab loans cover major upgrades such as tenant improvements, studs-out remodels, expansions, and redevelopment.
Our Mid-Atlantic Construction Loan Experts
Construction loans are very much a partnership. Our relationship doesn’t end the day documents get signed. Whether negotiating with a third-party lender, ensuring adequate reserves for maintenance and repairs, or addressing environmental concerns, we will be your advocate throughout the process, and do everything in our power to get you the loan you need.
Brian Dubin is Managing Director of Broadmark Realty Capital, overseeing loan origination and underwriting for the Mid-Atlantic region. Prior to joining Broadmark, he was a Vice President and Director of Business Development at BlueWater Funding, a commercial private lender, from 2009 to 2019. Brian began his career at First Madison Mortgage Corporation where he served as Senior Vice President and Partner from 2003 to 2007; he was responsible for market research, loan sourcing and underwriting as well as daily operations. Mr. Dubin received a B.A. in Communications from the University of Wisconsin-Madison.
Russell “Ted” Lloyd III is responsible for both business development and loan origination in the Mid-Atlantic region for Broadmark Realty Capital.
Raised in Virginia as the son of a Marine Corps officer, Ted is a graduate of James Madison University with a BS in Economics and a concentration in Business Management. Ted is a serial entrepreneur who started his career off building a tree and excavation business which he eventually sold to pursue a career in real estate and real estate finance. He was previously the founder of Atlantic Investment Corporation, a Virginia based hard money lending company which financed hundreds of projects.
In his spare time, Ted enjoys hiking, offshore fishing, golf and traveling. Spending time with his wife and three adult children is a top priority and he has the dubious privilege of being a lifelong Redskins, Washington Capitals and Nationals fan.
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Highest Degree of LeverageWe loan against the completed value of your project, with no loan-to-cost requirements. As a result, we can provide more funding for your project than a bank can and that means more flexibility for you.
Speed / ConvenienceWe can close as quickly as 5 days, and draws are wired within one to two business days after inspection approval. Banks can take months to review a typical real estate project. In that time, our clients’ projects are already underway and on the way to realizing profits.
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Unmatched Industry ExpertiseWe’ve closed approximately $2 billion in project capital over more than 1000 loans (and counting). Our level of construction market intelligence is second to none.
In-House Manual UnderwritingWe evaluate every deal on its own merits and are faster and more flexible in the evaluation process than traditional financing such as banks. You’ll typically get feedback within the same day of your request and a term sheet within as little as 24 to 48 hours.
Read the market report
Read our Mid-Atlantic Market Report
Our service (and the trust-and repeat business-of our clients) is based on a thorough understanding of the markets in which we loan. Each month we create a report on the construction and investment markets in our area.
We’re here to make your vision a reality. With unmatched experience across a wide range of commercial real estate investments, our experienced team will custom tailor a solution that’s right for your project, without the costly delays inherent in traditional financing.
