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June 16, 2022

Broadmark loans $57M for 58 Factoria units

Basel Capital announced this week a $57.3 million construction loan for its Cambridge Manor condominium project in Factoria. Broadmark Realty Capital provided the funds; its Mike Incrocci led that effort. Basel's Dr. George Li said in a statement, “The closing of this loan kicks off a new project phase for us. In the coming months, we are going to start seeing the site transforming into a purpose-built townhome community.” The 5-acre site on Coal Creek Parkway Southeast will get 58 units in nine buildings. Basel broke ground in February, doing its own construction and design in-house. Freiheit Architecture also consulted on the project. Completion is anticipated by late next year.




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