Bryan Cave Leighton Paisner advised the Broadmark real estate lending companies and management companies in connection with their business combination with Trinity Merger Corp. (a special purpose acquisition company, or SPAC) to form Broadmark Realty Capital Inc. [NYSE: BRMK], an internally managed Maryland mortgage REIT. Completion of the transaction was announced on Nov. 14. The next day, the common stock and warrants of Broadmark Realty Capital Inc. began trading on the NYSE under the ticker symbols “BRMK” and “BRMK WS,” respectively. Members of the Bryan Cave Leighton Paisner deal team joined the Broadmark and Trinity teams in New York City to ring the opening bell at the NYSE.
Broadmark Realty Capital Inc. is a Seattle-based specialty real estate finance public company that provides construction, land and development financing for commercial and residential properties across the United States. Broadmark Realty Capital Inc. originates short-term, first deed of trust mortgages with conservative loan-to-value collateral support.
The BCLP deal team was led by Amy Wilson, with significant assistance from Jonathan Pruitt (M&A), Andrew Rodman, Eliot Robinson, Brendan Johnson, Randy Wang, Rocio Chavez, Mark Stern, Brian Feezel and Caitlin Reardon-Ashley (securities), Frank Crisafi, Erika Labelle and Eric Homsi (tax), Jeff Ziesman and Eric Rieder (investigations; financial regulation), Dee Anne Sjogren and Jonathan Van Duren (investment management), Patrick Becker (benefits), Ken Achenbach, Barry Hester, Ross Handler and Ben Martin (banking), Danielle Mangogna, Becky Nelson and Paul Barrs (antitrust), Chris Galanek (L&E), Kaitlyn Parker and Samuel Hofmeier (commercial disputes), Jill Chalmers, Jason Haislmaier and Robert Donald (IP/TEC), Jim Havel (M&A), Michael Heaney (real estate) and Holly Berger, Judi Cope and Pam Barton (paralegal support).
Further details on the transaction can be found here.
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