SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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|Item 7.01||Regulation FD Disclosure.|
Broadmark Private REIT, LLC (the “Private REIT”), a private real estate finance company that primarily participates in short-term, first deed of trust loans secured by real estate that are originated, underwritten and serviced by Broadmark Realty Capital Inc. (the “Company”), has provided a newsletter to investors in the Private REIT for the period ending August 31, 2020 that reports, among other things, that the Private REIT’s assets under management as of August 31, 2020 were approximately $18.5 million.
The Private REIT newsletter is available on the Private REIT’s website at www.broadmarkprivatecapital.com. The Private REIT routinely posts its monthly newsletters and other information that may be important to the Private REIT’s investors on its website. Although the Private REIT is expected to participate in many of the loans originated by the Company going forward, the percentage participation may vary by loan. In addition, the Private REIT does not hold participation interests in loans originated by the Company prior to the launch of the Private REIT. As a result, the assets and results of the Private REIT are not representative of the Company.
Going forward, the Company does not plan to furnish Current Reports on Form 8-K to announce the availability of the Private REIT’s monthly newsletters. Accordingly, investors seeking information regarding the Private REIT should monitor the Private REIT’s website for information regarding the Private REIT. The information contained on, or that may be accessed through, the Private REIT’s website is not incorporated by reference into, and is not a part of, this document.
The information furnished in this Form 8-K shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (as amended, the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.
This document is not an offer to sell or a solicitation to buy preferred units of the Private REIT or any other securities. Securities of the Private REIT are only offered to qualified purchasers through the Private REIT’s current Confidential Private Placement Memorandum. The Private REIT’s preferred units may not be eligible for sale in some U.S. states or countries, nor are they suitable for all investors.
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|BROADMARK REALTY CAPITAL INC.|
|By:||/s/ Nevin Boparai|
|Name: Nevin Boparai|
Title: Executive Vice President and Chief Legal Officer
Date: September 23, 2020