Broadmark Capital Raises Over $3m On Realcrowd For Loan Fund
Posted: Thu Jan 15, 2015 8:40 am
The Pyatt Broadmark Real Estate Lending Fund (PBRELF I) recently raised $3 million on RealCrowd in less than 120 days. Their fund, which focuses on Washington, Oregon, and Idaho real estate, offers high-yield, short term loans to accredited investors. PBRELF I is currently managing $90 million in assets, and is run by Broadmark Capital, a Seattle-based merchant bank. RealCrowd believes that this the largest debt fund capital raise by a commercial real estate crowdfunding platform, which may reopen to investors later this year. Adam Fountain, Managing Director at Broadmark Capital, says that:
Read the article here: http://www.crowdfundingpr.org/broadmark ... loan-fund/
Read the article here: http://www.crowdfundingpr.org/broadmark ... loan-fund/
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