Builder Circle
Builder Circle is a Midwest-based direct real estate lender financing developers, home builders, rehabbers, and investors in 18 states. It offers development, rehab, acquisition/bridge, and rental loans, with in-house underwriting, funding, servicing, and a construction draw process using virtual inspections.
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Company Quick Facts
- Headquarters: Bloomfield Hills, Michigan
- Founders: Bruce Bloomingdale, Bruce Margulis, and Bryan Thomas
- Company Type: Direct real estate lender
- Operations: Processes, underwrites, funds, and services its loans in-house
- Primary Customers: Real estate developers, home builders, rehabbers, and investors
- Loan Types: Development loans, rehab loans, acquisition and bridge loans, and rental loans
- Property / Project Types: Land development, ground-up residential construction, single-family homes, townhomes, multifamily properties, and rental properties
- Geographic Focus: Lending in 18 states, with a Midwest base
- Development Loan Leverage: Up to 85% LTC and 75% LTV as completed
- Rehab Loan Leverage: Up to 90% LTC and 75% LTV as repaired
- Rehab Loan Minimum: $65,000
- Acquisition / Bridge Leverage: Up to 70% current LTV
- Rental Loans: Financing for single-family and multifamily rental properties, with maximum loan amounts based on property value and DSCR
- Closing Speed: Closings available in as little as 7 days
- Construction Draws: Uses virtual inspections and can fund draws within 72 hours after a completed inspection
Office Locations
43313 Woodward Avenue #1382 , Bloomfield Hills, MI 48302
Our minimum loan amount is $0
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