Overview
Broadmark Realty Capital merged into Ready Capital Corporation in May 2023; the BRMK ticker was retired and new originations now run through Ready Capital. The figures below describe the Broadmark program as it operated before the merger and are retained for reference only — verify current terms with Ready Capital directly.
Broadmark Realty Capital is based in Seattle, WA and was founded in 2010. They operate in Western & Midwest and offer fix-and-flip, bridge, new-construction financing. Their loan amount range runs from $100K to $25.0M.
Key terms at a glance
| Loan type | Hard money / non-QM institutional |
|---|---|
| Products | fix-and-flip, bridge, new-construction |
| Geographic coverage | Western & Midwest |
| Loan size | $100K – $25.0M |
| Interest rate range | 10% – 13% |
| Origination points | 2 – 4 |
| Max LTV | 65% of ARV |
| Max LTC | 80% of cost |
| Term lengths | 6-18 months |
| Typical close time | 14-21 days typical |
Strengths
- large transaction capacity
- commercial expertise
- experienced underwriting
Ideal borrower
Larger commercial or new-construction investor
How Broadmark Realty Capital compares
As an institutional non-QM lender, Broadmark Realty Capital's underwriting is templated and predictable. That is fast for a borrower who fits the box and inflexible for one who does not.
Coverage is the constraint most investors hit first. Broadmark Realty Capital serves Western & Midwest, and lender licensing changes often enough that it is worth confirming your state before you get far into a file. Our state-by-state pages for Broadmark Realty Capital cover the rules that differ by state — prepayment penalties, entity vesting and foreclosure mechanics.
Other lenders investors compare against
- The full lender directory — every lender we track, with terms side by side
- How DSCR qualification works — the ratio every one of these lenders underwrites to
- DSCR calculator — check coverage before you apply anywhere
Broadmark Realty Capital FAQ
Broadmark Realty Capital is based in Seattle, WA and serves Western & Midwest. Coverage changes as licensing changes, so confirm your state directly with the lender before relying on it.
Broadmark Realty Capital's indicative rate range is 10%–13% with 2–4 points. Pricing depends on credit, leverage, coverage ratio and experience, and moves with the market.
Broadmark Realty Capital's typical minimum loan is $100K, with maximum loan size up to $25.0M.
Broadmark Realty Capital's typical close timeline is 14-21 days typical. Fast-close depends on documentation quality, title clarity, and underwriting load.
Broadmark Realty Capital offers fix-and-flip, bridge, new-construction financing.
Larger commercial or new-construction investor
This review is an independent directory listing. DSCR Loan Program is not affiliated with Broadmark Realty Capital, receives no payment for placement, and does not rank lenders in exchange for compensation. Rates, terms, and eligibility are determined by the lender and subject to change. Always verify current pricing directly with the lender before relying on any specifics.