Broakmark Real Estate Management

About Broakmark Real Estate Management

Broakmark Real Estate Management is a Denver, CO based private money lender who provides loans in Arizona, Texas, Colorado, Wyoming, and Utah. They provide lending solutions for many different needs and situations, including cash out hard money loans, commercial loans, fix-and-flip hard money loans, rental property loans, short term bridge loans, and builder loans. They provide loan amounts ranging from $200,000 to $6,000,000 with a maximum LTV of 65%, rates starting at 12.25%, and terms between 3 months and 18 months. They will make loans on numerous property types, including single family, multi-family units, retail spaces, office units, and industrial facilities.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans, New Construction Loans, Refinance / Cash Out Loans, Bridge Loans

Property Types Covered: Single Family, Multi Family, Retail, Office, Industrial

Areas Served: AZ, TX, CO, WY, UT

Lending Guidelines for Broakmark Real Estate Management

Below are the general loan guidelines published on the Broakmark Real Estate Management website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by Broakmark Real Estate Management.

Loan Example 1

Mandy is a house flipper in Houston, TX. She locates a run-down property and wants to rehab it and flip it for a profit. The house costs $380,000 but she does not have the full amount so she obtains a fix and flip loan with Broakmark Real Estate Management. The lender agrees to issue a note with a 80% loan to value (LTV) so they are willing to extend $304,000 on the house. The terms of the loan dictate a 10% note for 6 months. They also require a 3 point origination fee, which will also have to be paid upon closing.

Accordingly, Mandy will be required to make a $76,000 down payment plus pay a $9,120 origination fee. The lender will collect $2,533 in monthly interest payments from the borrower. This is calculated by taking the full note value of $304,000, multiplying that by the 10% rate of interest, and then dividing that number by 12. If Mandy meets her goal of a $456,000 total sales price at the end of the loan term, she would earn a gross profit of $51,680 after repaying the principle amount and deducting the money she contributed at closing, the origination fee, and the total monthly interest payments.

Loan Example 2

Benita takes out a loan from Broakmark Real Estate Management so she can remodel a townhome to re-sell in Houston, TX. The deal has the following parameters:

$270,000 sales price
60% loan-to-value (LTV)
18 month term
9% rate of interest
5% origination fee

If Benita achieves her goal of a $351,000 sales price, the final numbers of the project will be as follows:

$351,000 sales price
- $162,000 note principle (60% LTV)
- $108,000 down payment (40% on 60% LTV)
- $8,100 origination points (5% of the $162,000 principle amount)
- $21,870 interest payments (18 months x 9% interest)
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= $51,030 gross profit (does not include taxes or renovation costs)

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