Wholesale Private Lending for Construction Projects

Your Client. Our Capital. Everyone Wins.

Builders Capital is a private capital fund with over $3B in available capital to lend. Mortgage brokers and private/hard money lenders can use our capital and expertise in ground-up construction projects to close more deals nationwide.

  • WHITE LABELING – Easily use our collateral with your logo
  • QUICK APPROVALS – Time is money; We move fast so you can too
  • RESPONSIVE COMMUNICATION – Someone is always available to help
  • DEVELOPMENT TO VERTICAL – Loans from $250K to $30MM
  • INTEGRITY & PROTECTION – We protect your relationships with the clients
  • BROKER PORTAL – Manage your pipeline and track the status of deals
  • FAST DRAWS – Funded in 5 days or less

As a wholesale lender, we want to help you bring your business to the next level. We want to share our resources so you can go to your clients with confidence that you can get their deal closed.

As Broker, you are our client. Our promise to you is that we will work as a team to close each deal with diligence and attention to detail. We want to ensure that your relationship with the client remains our top priority.

We consider investment properties in all states except Arkansas, Louisiana, Mississippi and New York.


Here’s How it Works….

  • Inquire – Contact the BC Wholesale team to discuss our loan options and pricing. We put our innovative, creative structure to work for you!
  • Apply – Create a loan application and secure financing for your clients next project right away!
  • Gather – Gather your initial loan documents while the BC Wholesale team structures your loan to deliver the results you need.
  • Initial Underwriting – The underwriting team will review and validate your initial loan submission, to help get you an answer quickly.
  • Loan Committee – Every loan is reviewed and signed off by Loan Committee, the three principals of Builders Capital with background in lending, development and construction.
  • Commitment – With assurance from underwriting and Loan Committee, you can finish providing the final pieces of the project details and credit documentation.
  • Closing – We coordinate a smooth closing with your client without any added hassle for you.
  • Service – Our experienced staff will work with your clients to order inspections, fund project draws, and facilitate an efficient, speedy lending experience.

“Our product suite is extensive and covers just about any need for residential construction. All the way from simple bridge loans through complex subdivisions, our products prove to be a huge win for the builder community. On top of that, we have a very experienced customer service oriented team of people. They are excited to dive in and create personalized loan structures that meet the unique needs of each project. We rely on our team’s years of experience in this industry to problem solve and think outside of the box to help our clients get their projects funded.”

– Mark Woodbridge, National Director of Wholesale


Construction Loan Products

Loan offerings should fit your project’s needs. Not the other way around. We have a wide range of loan offerings that are perfect to help you get the job done!

ALL-IN-ONE LOANS (Horizontal + Vertical)

Financing for entitled land acquisitions, horizontal lot development and vertical construction.

  • Term
    • Horizontal: Up to 12 months for horizontal portion
    • Vertical: Up to 12 months for vertical portion
  • Purpose: Purchase or Refinance
    • Permits, preliminary plat approval and engineered stamped plans required
  • LTV
    • Horizontal: Up to 65% (based on finished value)
    • Vertical: 70% (based on as-repaired value)
  • LTC
    • Horizontal: Deal specific, target 85% LTC
    • Vertical: Up to 90% (based on cost to build with development costs)
  • Loan Size: Minimum $2,500,000
  • Payments: Interest Reserve or monthly payments
  • Property Type
    • Horizontal: Entitled land with zoning in place
    • Vertical: Single Family, 2-4 Units, Condos, Townhouses
  • Borrower Experience: Proven track record with a similar scope project
  • Borrower Requirements
    • No individuals, must be a corporation or LLC
    • Minimum 660 credit score, 620-659 considered with compensating factors
    • Reserve Requirement: Reserve calculation is based upon 5% of the committed loan amount
    • Personal Guarantee Preferred: Limited guarantee on case-by-case basis
  • General Requirements
    • All lending for investment purpose only
    • Interest calculated on drawn balance
    • Construction draws based on inspection report
    • No rural properties
    • 1st Lien Position at all times

CONSTRUCTION LOANS (Vertical)

Financing for new or previously acquired lots and vertical construction.

  • Term: Up to 24 months, per property (budget)
  • Purpose: Purchase, refinance or cash-out refinance
  • LTV: Up to 70% (based on as-improved value)
  • LTC: Up to 90% (based on cost to build)
  • Loan Size: Minimum $250,000
  • Payments: Interest Reserve or monthly payments
  • Total Units: No limit on units per loan
  • Funds at Closing: For purchase (if not already owned), and reimbursement of work in progress (if approved)
  • Property Type: Single Family, 2-4 Units, Condos, Townhouses and Multifamily
  • Borrower Experience
    • Must have built and sold the same number of units or more
    • Example: Borrower applying for a 3-unit loan must show 3 completed and sold projects in the last rolling 12 months.
  • Borrower Requirements
    • No individuals, must be a corporation or LLC
    • Minimum 660 credit score, 620-659 considered with compensating factors
    • Reserve Requirement: Reserve calculation is based upon 5% of the committed loan amount
    • Personal Guarantee Preferred: Limited guarantee on case-by-case basis
  • General Requirements
    • All lending for investment purpose only
    • Interest calculated on drawn balance
    • Construction draws based on inspection report
    • No rural properties
    • Apartment and Development-only loans not allowed
    • 1st Lien Position at all times

Builders Capital (BC) was founded by Curt Altig and Robert Hadley in 2009. As of early 2021, our origination volume is on pace to surpass the projected goal of $1.4 billion. Technology rollouts continue to optimize the performance for internal team members and create a best in class experience for Borrowers. Market expansion continues as BC continues to capture national market share.

  • Overall Lending: $2.5 Billion
  • Active Loans $800 Million
  • New Capital Available: $750 Million

Our Values

  • Speed
    Speed and Execution towards closing your loan on time.
  • Creativity
    Creative financing structures that allow you to operate your business efficiently.
  • Confidence
    We have funded thousands of loans and nearly $2.5B in volume.
  • Flexible
    We underwrite your loans based on absorption in your project versus arbitrary restrictions from government regulated banks.
  • Technology
    State of the art technology allowing 24 hour access to your loan details, draws, etc.
  • Convenience
    Anytime draws allowing you to pay your vendors as often as you would like.
  • Dedication
    A dedicated team of relationship experts who are with you from application to payoff.
  • Committed
    Your loan servicing stays with us so we can continue to support your business post-closing.

Mortgage Licensing:

  • NMLS ID #1453731
  • NMLS ID #1829563
  • Idaho Mortgage Broker/Lender License – MLB-2081829563
  • Oregon Mortgage Lending License – ML-5869

 

License

NMLS ID 1453731, 1829563

Year Established

2009

Office Locations

5601 6th Ave S., Suite 350, Seattle, Washington 98108

Real Estate Sectors

  • Private Mortgage Lending

Customer Types

  • Private Mortgage Lenders
  • Commercial Mortgage Brokers
  • Residential Mortgage Brokers

Mark Woodbridge

National Director of Wholesale

Alissa McCord

Senior Sales Analyst

Courtney Altig

Sales Analyst

Blake Rodgers

Sr. Sales Executive

Rich D'Agostino

Sr. Sales Executive

Brittney Battrick

Loan Processor

Rob Trent

Chief Executive Officer / Principal

Curt Altig

Chairman & Founder

Robert Hadley

Principal

Beth Glein

Chief Operating Officer

Katherine Christofilis

Corporate Counsel