Broadmark Realty Capital Inc.
BRMKW
Other OTC0.01
USD
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Broadmark Realty Capital Inc.
BRMKW
(Other OTC)
Recent
price
0.01
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- Broadmark Realty Capital Inc. Broadmark Realty Capital Inc. operates as a commercial real estate finance company that originates, underwrites, funds, services, and manages a portfolio of short-term loans secured by first mortgage liens on real property in the United States; its core offerings include financing for the construction, development, acquisition, renovation, rehabilitation, and investment in residential and commercial properties across asset classes such as multifamily, office, retail, industrial, hotel, self-storage, and mixed-use developments. Founded in 2010 and formerly headquartered in Seattle, Washington, the company elects real estate investment trust (REIT) status for U.S. federal income tax purposes, distributing at least 90% of its taxable income to stockholders to avoid corporate-level taxation. Broadmark Realty Capital targets real estate investors and developers nationwide, with a focus on the Pacific Northwest, Mountain West, and Southeast regions, providing flexible, internally managed lending solutions typically ranging from $2 million to $50 million. In May 2023, Broadmark Realty Capital completed a definitive merger with Ready Capital Corporation Ready Capital Corporation, a multi-strategy real estate finance company, under which Broadmark became a wholly owned subsidiary, creating the fourth-largest commercial mortgage REIT with a pro forma equity capital base of $2.8 billion and enabling synergies in asset management, geographic reach, and product offerings including agency multifamily, bridge, and SBA loans. The merger transaction valued Broadmark at approximately $787 million, with Ready Capital stockholders owning 64% and former Broadmark stockholders 36% of the combined entity, while Broadmark's common stock ceased trading on the NYSE and its warrants (ticker: BRMKW), each exercisable for one-fourth of a share at $2.875 per one-fourth share, remain outstanding subject to amended terms allowing potential exchange for Ready Capital common stock. No significant new acquisitions, partnerships, product launches, or operational shifts have been reported for Broadmark Realty Capital since the 2023 merger integration.