Today is an exciting day for us, as we have formally announced that we are combining our business with Trinity Merger Corp., and becoming a public company, listed on the New York Stock Exchange. As of today, we are now Broadmark Realty Capital Inc.
This change will allow us to lend on a national basis for the first time and will also allow our customers across all our markets to access our full range of loan products, as well as loan amounts of up to $50 million.
While our name and website have changed, I want to personally assure you that our lending operations, including originating, underwriting, and funding loans, will remain substantially the same. Our management team will also remain in place. You’ll receive the same industry-leading service, from the same best-in-class team you’ve grown to rely on in the past.
Jeffrey B. Pyatt, CEO
Tom Gunnison, EVP, Mountain West
Key traits such as a deep pool of newly constructed infill mid-rise/high-rise properties in live/work/play urban locations, transit-orientated suburban developments, and high educated workforce stand out in the market. These attributes spur high-profile investor to make long-term bets on the market. Additionally, recent purchases have been strongly focused on the city of Denver’s urban core and southeastern neighborhoods.
According to CBRE, Salt Lake City’s market reflects a market that is robust with record sales volume, strong year-over-year rent growth, healthy absorption and low vacancy. Multifamily investment product continues to outperform all other commercial investments in total sales volume, rent growth and new development, as manifested by this year’s record-setting sales volume of $1.44 billion.
Consistent strong employment and population growth keeps investment capital’s attention on Dallas/Fort Worth – producing high multifamily absorption. These factors have kept the region as one of the most active for transactions above $20 million in the nation, and the year-to-date sales trends could break the $6 billion volume mark once again.