The management team that created the Pyatt Broadmark Real Estate Lending Fund I is proud to once again offer their second fund, the Broadmark Real Estate Lending Fund II, on the RealCrowd platform.
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, Arizona) with Denver as the core market. Structurally, Fund II is a clone of Fund I, the Pacific Northwest Lending Fund, which has a five year audited track record of consistent monthly returns in excess of 11% annualized since inception. BRELF II has been operating in the Denver market since April 2014, and Broadmark can report that BRELF II is generating the audited returns that their investors have come to expect.
- While Broadmark works to acheive high returns, their first consideration is protection of capital
- The Fund acts like a “bank” for builders and developers
- BRELF II writes first position, unleveraged loans only, with loan to value ratios no greater than 65%. First liens only.
- Same structure and management team as the Pyatt Broadmark Lending Fund, which has a five year audited track record of consistent monthly returns in excess of 11% annualized since inception
- Both Funds, PBRELF I and BRELF II, have raised approximately $17 million from about 140 RealCrowd investors
- 450 loans funded, 273 repaid over both funds, and no losses incurred