Merger Materials Hid Portland Project Woes, Investors Say

By Nate Beck ( February 17, 2026, 5:47 PM EST) -- Defending against a dismissal motion, Broadmark Realty Capital shareholders are claiming proxy materials for a 2023 merger between Broadmark and Ready Capital failed to mention multifamily loan distress or cost overruns for a Portland, Oregon, project backed by a $460 million loan in Ready Capital's portfolio. ...

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