The Broadmark Real Estate Lending Fund II
About this Fund
The Broadmark Real Estate Lending Fund II (“BRELF II” or “Fund II”) is an unleveraged, no-load, evergreen fund that writes short-term, first position loans secured by real estate in the Mountain West. The goal of the Fund is to provide investors with a high-yield debt instrument while minimizing the risk of principal loss and maintaining near-term liquidity.
BRELF II invests in short-term, first lien notes issued against real estate projects in the Mountain West (Colorado, Utah, Wyoming) with Denver as the core market.Structurally, Fund II is a clone of Fund I, the Pacific Northwest Lending Fund, which has a four year audited track record of consistent monthly returns in excess of 11% annualized since inception. After having been in the Denver market for six months, we can report that BRELF II is generating the returns that our investors have come to expect.
- While we work toward and acheive high returns, our first consideration is protection of capital
- Fund acts like a “bank” for builders and developers
- Writes first position, unleveraged loans only, with loan to value ratios no greater than 65%
- Same structure and management team as the Pyatt Broadmark Lending Fund, which has a four year audited track record of consistent monthly returns in excess of 11% annualized since inception