Broadmark Realty Capital Inc.

Broadmark Realty Capital, Inc. operates as a real estate investment trust. The firm provides financial services to real estate investors and developers. It offers short-term, first deed of trust loans secured by real estate to fund the acquisition, renovation, rehabilitation or development of residential or commercial properties. The company was founded in 2010 and is headquartered in Seattle, WA.

Earnings data Q1 2024

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Established in 1987, Broadmark Capital is a merchant bank providing direct investment opportunities for accredited investors, and financing and management services to emerging companies. Pyatt Broadmark Management is an affiliated company of Broadmark Capital and is the Manager of Pyatt Broadmark Real Estate Lending Fund I.

NEW YORK , Feb. 27, 2023 /PRNewswire/ -- Juan Monteverde , founder and managing partner of the class action firm Monteverde & Associates PC (the "M&A Class Action Firm"), a national securities firm rated Top 50 in the 2018-2021 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is investigating Broadmark Realty Capital Inc. (NYSE: BRMK), relating to its proposed merger with Ready Capital Corp. Under the terms of the agreement, BRMK shareholders are expected to receive 0.47233 shares of Ready Capital stock per share they own. Click here for more information: https://www.monteverdelaw.com/case/broadmark-realty-capital-inc.

ALERT: The M&A Class Action Firm Announces the Investigation of Broadmark Realty Capital Inc. - BRMK

Ready Capital Corp

NEW YORK , Feb. 27, 2023 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Broadmark Realty Capital Inc. (NYSE: BRMK) and its board of directors concerning the proposed acquisition of the company by Ready Capital Corporation (NYSE: RC). Stockholders will receive 0.47233 shares of Ready Capital common stock for each share of Broadmark Realty Capital stock that they hold.

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Broadmark Realty Capital Inc.

MILWAUKEE , Feb. 27, 2023 /PRNewswire/ -- Ademi LLP is investigating Broadmark (NYSE: BRMK) for possible breaches of fiduciary duty and other violations of law in its transaction with Ready Capital.  Click here to learn how to join the action https://www.ademilaw.com/case/broadmark-realty-capital-inc or call Guri Ademi toll-free at 866-264-3995.

Shareholder Alert: Ademi LLP investigates whether Broadmark Realty Capital Inc. has obtained a Fair Price in its transaction with Ready Capital

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Broadmark Realty Capital Inc. (NYSE: BRMK) to Ready Capital Corporation is fair to Broadmark shareholders. Under the terms of the merger agreement, each share of Broadmark common stock will be converted into 0.47233 shares of Ready Capital common stock. Upon closing of the merger, Broadmark stockholders are expected to own approximately 36% of the combined company's stock.

BRMK Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Broadmark Realty Capital Inc. Is Fair to Shareholders

Broadmark Realty (BRMK) delivered earnings and revenue surprises of -25% and 18.21%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Broadmark Realty (BRMK) Q4 Earnings and Revenues Lag Estimates

Real estate finance company Ready Capital Corp. RC, -1.57% and Broadmark Realty Capital Inc. BRMK, -2.35% said Monday they have agreed to merge in a deal that is expected to create a company with a pro forma equity capital base of $2.8 billion. Under the terms of the deal, Broadmark stock will be converted into 0.42733 shares of Ready Capital common stock, or a total of approximately 63 million shares of Ready Capital common stock.

Ready Capital and Broadmark Realty Capital to merge and create company with equity capital base of $2.8 billion

SEATTLE--(BUSINESS WIRE)--Broadmark Realty Capital Inc. (NYSE: BRMK) (the “Company”), an internally managed secured real estate finance company, today announced operating results for the quarter and year ended December 31, 2022. Fourth Quarter 2022 Financial Highlights Loan portfolio of $1.4 billion, including $49.9 million of new originations and amendments in the quarter, with a weighted average loan to value of 63.0% at origination and weighted average yield of 11.6%.

Broadmark Realty Capital Announces Fourth Quarter 2022 Results

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Fool Me Once, Shame On You, Fool Me Twice, Shame On Me

SEATTLE--(BUSINESS WIRE)--Broadmark Realty Capital Inc. (NYSE: BRMK) (“Broadmark” or the “Company”), a specialty real estate finance company, announced today that its Board of Directors has declared a cash dividend of $0.035 per share of common stock for February 2023. The dividend will be payable on March 15, 2023 to stockholders of record as of February 28, 2023.

Broadmark Realty Capital Declares Monthly Dividend for February 2023

SEATTLE--(BUSINESS WIRE)--Broadmark Realty Capital Inc. (NYSE: BRMK) (the “Company”), an internally managed secured real estate finance company, today announced that the Company will release its fourth quarter and full year 2022 financial results after market close on Monday, February 27, 2023. A webcast and call to discuss the results will be held the same day at 5:00 p.m. Eastern Time.

Broadmark Realty Capital Sets Date for Fourth Quarter and Full Year 2022 Earnings and Conference Call

SEATTLE--( BUSINESS WIRE )--Broadmark Realty Capital Inc. (NYSE: BRMK) (the “Company”), an internally managed secured real estate finance company, today announced the tax treatment of its 2022 cash dividends on the Company's common stock, as described below. Stockholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of the Company's dividends.

Broadmark Realty Capital Announces 2022 Tax Treatment of Dividends

Broadmark Realty Capital is a hard money lender that makes high-risk, high-interest one to three year loans to real estate developers. BRMK has posted higher delinquencies, property foreclosures, cut its dividend, and its CEO and CFO resigned.

Broadmark Realty Capital Has Been Hit But It Is Still An Opportunity

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SEATTLE--( BUSINESS WIRE )--Broadmark Realty Capital Inc. (NYSE: BRMK) (“Broadmark” or the “Company”), a specialty real estate finance company, announced today that its Board of Directors has declared a cash dividend of $0.035 per share of common stock for January 2023. The dividend will be payable on February 15, 2023 to stockholders of record as of January 31, 2023.

Broadmark Realty Capital Declares Monthly Dividend for January 2023

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SEATTLE--( BUSINESS WIRE )--Broadmark Realty Capital Inc. (NYSE: BRMK) (the “Company”), an internally managed secured real estate finance company, today announced that on January 5, 2023 it had received a letter from NYSE Regulation indicating that NYSE Regulation has determined to commence proceedings to delist the Company's warrants from the NYSE American exchange and that trading in the warrants has been suspended. Specifically, the letter stated that the warrants are no longer suitable for listing based on low selling price levels, pursuant to Section 1001 of the NYSE American Company Guide. The notification letter confirms that the Company's common stock (ticker symbol BRMK) will continue to be traded on the New York Stock Exchange.P

Broadmark Realty Capital Announces Receipt of Letter From NYSE Regulation Regarding Low Selling Price of Its Warrants

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U.S. equity markets closed out their worst year since the Financial Crisis with a fourth-straight week of declines as Treasury yields jumped back to seven-week highs on renewed inflation and COVID concerns. Dragging its full-year declines to nearly 20%, the S&P 500 slipped 0.1% this week while the tech-heavy Nasdaq dipped another 0.4%, shedding nearly a third of its value in 2022.

Good Riddance, 2022

SEATTLE--( BUSINESS WIRE )--Broadmark Realty Capital Inc. (NYSE: BRMK) (“Broadmark” or the “Company”), a specialty real estate finance company, announced today that its Board of Directors has declared a cash dividend of $0.035 per share of common stock for December 2022. The dividend will be payable on January 17, 2023 to stockholders of record as of December 30, 2022.

Broadmark Realty Capital Declares Monthly Dividend for December 2022

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Broadmark Realty Capital has seen its share price decline 60% year-to-date as the US residential real estate market has gone from hot to cold. Broadmark has many issues including: high level of non-performing loans, management turnover, and most recently a dividend cut.

Broadmark Realty Capital: Things Are Ugly But I'm A Buyer

News for Broadmark Realty Capital Inc. Stock (BRMK)