Builders Capital the #1 Private Construction Lender Nationwide Raises $2.3 Billion in New Capital
PUYALLUP, WA
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February 27, 2024 07:57 AM Eastern Standard Time
Builders Capital set a new company record raising an additional $2.3 billion in new Capital in 2023, positioning them as the #1 private construction lender nationwide.
“There is a massive need for private capital in light of the housing supply/demand imbalance and regional banking system challenges,” said Robert Trent, CEO of Builders Capital. “We plan to use the capital to expand our platform and continue to provide necessary and creative financing solutions to our homebuilding customers to support the growth and success of their business.”
In addition to the amount of capital available, these traits set Builders Capital apart from other lenders demonstrating why they are the industry leader nationwide:
- Access to significant building material savings through their revolutionary MOR program.
- Speed and execution towards closing loans on time.
- Creative financing structures that allow their customers to operate their business more efficiently.
- Confidence of closing with thousands of loans funded and over $9B in volume.
- More spec homes and starts with underwriting based on the absorption of the project versus arbitrary restrictions from government-regulated banks.
- State-of-the-art technology allowing their borrowers 24-hour access to loan details and draws.
- Anytime draws so vendors can be paid as often as the borrower would like.
- An In-House Loan Servicing department that provides seamless support post-closing.
Last year, Builders Capital expanded its lending and servicing team with the addition of an East Coast headquarters to help deliver robust lending solutions to more builders across the country and meet customer demand.
Housing market inventory is scarce and existing for-sale inventory remains near historic lows. Total housing inventory fell to a record low of 910,100 units in December, down 18% from the prior month and 14.2% from a year ago, according to the National Association of Realtors (NAR). It was the lowest amount in more than 20 years since the data had been collected.
New construction is a smart option for those looking to buy, making it a great time to be in the homebuilding industry.
To learn more about Builders Capital and the construction loans they offer to builders and developers, visit builderscapital.com
About Builders Capital Builders
Capital is the nation's largest private construction lender, offering innovative financing solutions to a wide spectrum of developers and homebuilders. Loan products include options for Acquisition, Development, Construction, and Bridge financing, in the form of single-asset loans, portfolio loans, and revolving credit facilities. In addition to financing opportunities, Builders Capital borrowers can leverage national accounts for material purchase discounts, and access cutting-edge technology for project management, accounting, and BIM technology tools. Builders Capital is headquartered in Puyallup, Washington, with regional sales offices across the country. The management team at Builders Capital brings over 100 years of expertise in residential construction lending, home building, real estate development, and loan servicing. Learn more at: Builderscapital.com
About BIMQuote
BIMQuote and customhome.ai offer innovative products available to Builders Capital’s builder-borrowers, enabling them to operate more competitively, efficiently, and profitably in their business. BIMQuote offers a full project management and procurement suite, with integrated accounting and automated contracting tools such as lien waivers. Customhome.ai allows for the customization of a 3D digital model of a home and immediately generates a material takeoff as well as site-specific residential designs.
Contact Details
Joann Whetstine
joann.whetstine@builderscapital.com
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