Earnings release
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BROADMARK REALTY CAPITAL BROADMARK REALTY CAPITAL ANNOUNCES THIRD QUARTER 2021 RESULTS - Produced Record for New Loan Originations - Exhibit 99.1 - Seattle , WA November 8 , 2021 · Broadmark Realty Capital Inc. ( NYSE : BRMK ) ( the " Company " ) , an internally managed secured real estate finance company , today announced operating results for the quarter ended September 30 , 2021 . - Jeff Pyatt , President and Chief Executive Officer of Broadmark , commented , " We achieved record origination volume this quarter , reflecting an active construction market and strong demand for our loans . In addition to expanding into new geographic markets , we have continued to use our increased size , scale and expertise to access a larger pool of borrowers with excellent credit and collateral . We are seeing attractive financing opportunities across all of our property types , including residential and commercial , as supply and demand fundamentals remain highly favorable for new construction . With the support of these long - term trends as well as our low - leverage balance sheet , we believe we are well positioned to continue this pace of activity and deliver highly attractive risk - adjusted returns to our shareholders . " Third Quarter 2021 Financial Highlights ▪ Total revenue of $ 30.6 million for the three months ended September 30 , 2021 . ▪ Net income attributable to common stockholders of $ 21.7 million , or $ 0.16 per diluted common share . ▪ Distributable earnings prior to realized loss on investments , a non - GAAP financial measure , of $ 24.6 million , or $ 0.19 per diluted common share . ■ Third Quarter 2021 Loan Portfolio Highlights ▪ New originations and amendments totaling $ 337.0 million , with a weighted average loan to value of 59.0 % . ▪ Interest income of $ 22.8 million and fee income of $ 7.7 million . Originated the Company's first loans in Nevada and Minnesota with additional state expansion planned for the fourth quarter . ▪ Total loan portfolio of $ 1.5 billion across 17 states and the District of Columbia .