| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
132 |
| Employees |
51 |
| Revenues (TTM) (Millions $) |
104 |
| Net Income (TTM) (Millions $) |
-130 |
| Cash Flow (TTM) (Millions $) |
-42 |
| Capital Exp. (TTM) (Millions $) |
0 |
Business Description
Broadmark Realty Capital Inc is a publicly traded real estate investment trust (REIT) based in Seattle, Washington. The company specializes in providing financing solutions to real estate developers and investors across the United States.
Broadmark Realty Capital operates through two segments: First Trust Deed lending and Customized REIT. The First Trust Deed lending segment provides short-term, first deed of trust loans to finance the acquisition, renovation, and development of real estate. These loans typically have terms between 6 and 24 months and are secured by the underlying real estate.
The Customized REIT segment provides longer-term loans and investments in real estate projects that align with the company's investment criteria. This segment also invests in commercial and multifamily real estate assets.
Broadmark Realty Capital's investment strategy is focused on providing attractive returns to its shareholders while maintaining a rigorous underwriting process to minimize risk. The company's lending strategy is predicated on the borrower's experience and track record, the quality and location of the underlying real estate, and a conservative loan-to-value ratio.
As of 2021, Broadmark Realty Capital had a total loan portfolio of over $2 billion, and had completed over 1,500 lending transactions. The company's lending activities are spread across a diverse set of markets, including the Pacific Northwest, the Northeast, the Southwest, and the Southeast.
In order to manage its diverse loan portfolio, Broadmark Realty Capital employs a team of experienced professionals with a deep understanding of local markets and real estate trends. The company's team includes seasoned commercial real estate lenders, underwriters, and investment professionals.
Overall, Broadmark Realty Capital Inc is a leading real estate investment trust that provides short-term financing solutions to real estate developers and investors. With a proven track record of success and a commitment to responsible lending, the company is well-positioned to continue delivering attractive returns to its shareholders in the years to come.
Company Address: 1420 Fifth Avenue, Suite 2000 Seattle 98101 WA
Company Phone Number: 971-0800 Stock Exchange / Ticker: NYSE BRMK
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