Broadmark Real Estate Management II LLC is once again turning to the online platform RealCrowd to raise investment capital.
RealCrowd, headquartered in Portland, Ore., is an online marketplace that connects sponsors directly with accredited investors. Backed by venture capital seed accelerator Y Combinator, RealCrowd has hosted more than $4.5 billion in real estate offerings through its platform, spanning more than 170 investments across 38 states, according to the company.
Broadmark, with corporate offices in Denver, has raised $30 million through the RealCrowd online investment platform. Broadmark has relaunched its Broadmark Real Estate Lending Fund II on RealCrowd with a target goal of $10 million.
Broadmark provides private hard money real estate financing in Colorado, Utah and Texas. The firm is a reliable and reputable financial resource for small-to-mid-sized builders and developers who need timely funds for commercial or residential projects.
The Broadmark fund, which currently has $359 million in assets under management (AUM), underwrites short-term, first-position loans to finance real estate transactions. The Broadmark fund has generated annualized returns in excess of 11 percent since its initial inception.