Broadmark Realty Capital, Inc. (BRMK) Q1 2022 Earnings Conference Call May 9, 2022 5:00 PM ET

Company Participants

Nevin Boparai - Chief Legal Officer & Secretary

Brian Ward - CEO & Director

David Schneider - CFO & Treasurer

Conference Call Participants

Steve Delaney - JMP Securities

Operator

Greetings, and welcome to the Broadmark Realty Capital's First Quarter 2022 Earnings Conference Call. [Operator Instructions].

It is now my pleasure to introduce your host, Nevin Boparai. Thank you, Nevin. You may now begin.

Nevin Boparai

Good afternoon. Thank you for joining us today for Broadmark Realty Capital's First Quarter 2022 Earnings Conference Call. In addition to the press release issued this afternoon, we filed a supplemental package with additional detail on our results. which is available in the Investors section on our website at www.broadmark.com.

As a reminder, remarks made on today's conference call may include forward-looking statements. Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those discussed today. We do not undertake any obligation to update our forward-looking statements in light of new information or future events. For a more detailed discussion of the factors that may affect the company's results, please refer to our earnings release for this quarter and to our most recent SEC filings.

During this call, we will also be discussing certain non-GAAP financial measures. More information about these non-GAAP financial measures and reconciliations to the most directly comparable GAAP financial measures are contained in our earnings release and SEC filings.

This afternoon's conference call is hosted by Broadmark's Chief Executive Officer, Brian Ward; and Chief Financial Officer, David Schneider. Management will make some prepared comments, after which, we will open up the call to your questions.

Now I'll turn the call over to Brian.

Brian Ward

Thank you, Nevin, and welcome to our first quarter 2022 earnings call. This afternoon, I'll begin with some remarks on the macro environment and how I believe Broadmark is positioned for success. I'll also briefly highlight our first quarter 2022 performance and then turn the call over to David to provide additional detail on our financial results, investment activity and portfolio. We'll then open up the call for your questions.

I joined Broadmark as the Chief Executive Officer on March 1, 2022, completing a leadership transition that began last year. As I've yet to meet many of you, I want to begin with a little background on my experience. I spent the majority of my career originating and overseeing institutional debt and equity investments across a wide range of commercial real estate assets, most recently as Chief Executive Officer of Trimont Real Estate Advisors, a credit management and servicing company with more than $165 billion of their clients' assets under management.