Builders Capital Raises $750 Million, Citing Need To Meet Homebuilder Demand
04/13/21, 3:26 PM
Location
seattleMoney raised
$750 million
Builders Capital lived up to its name over the past six months, raising $750 million in capital, allowing the firm to meet homebuilders' steady demand and be more competitive in the construction lending market. The private construction lender announced today that it raised $250 million in March, in addition to $500 million raised in October 2020 from two capital partners. Builders Capital has originated over $275M loans within the first quarter of 2021, putting them on pace to originate well above their $1.5B annual goal.
Company Info
Location
seattle, washington, united states
Additional Info
Builders Capital is one of the nation's largest private construction lenders, offering innovative financing solutions to a wide spectrum of developers and homebuilders, from bridge, fix-and-flip and ground-up construction, to development and attached housing. The Company maintains offices in Seattle and Puyallup, Washington, with sales offices in Boise, Denver, Colorado Springs, Vancouver, Phoenix and Orlando. Builders Capital's management team brings to the business over 100 years of expertise in residential construction lending, home building, real estate development, and loan servicing.