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

Property Geographic Area Details
Nationwide except Arkansas, Louisiana, Mississippi, and New York
Loan Amounts
$500,000 to $50,000,000
Interest Rates
9.50% to 10.99%
Loan Terms
3 months to 24 months
Origination Fees
1% to 4%
Lien Position
1st
Collateral Types
  • Residential Property
  • Commercial Property
Loan Purpose
  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Use Equity to Invest in Another Property
  • Value Add Project
  • Development Project
Property Occupancy
  • Vacant
  • Tenant Occupied 100%

Maximum Leverage

Purchase Short-Term (no Value-Add):
Max LTP Residential: 75%
Max LTP Land: 60%
Refinance Short-Term (no Cash Out)
Max LTV 1st Lien Residential: 75%
Max LTV 1st Lien Land: 60%
Refinance & Cash Out Short-Term
Max LTV 1st Lien Residential: 75%
Max LTV 1st Lien Land: 60%
Residential Fix & Flip
Max LTP: 75%
Max LTC: 95%
Max LTARV: 75%
Residential Rehab & Hold
Max LTP: 75%
Max LTC: 95%
Max LTARV: 75%
Residential Construction
Max LTP Land: 65%
Max LTC: 90%
Max LTCV: 65%

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 60% (based on finished value)
    • Vertical: 65% (based on as-repaired value)
  • LTC
    • Horizontal: Deal specific, target 80% LTC
    • Vertical: Up to 90% (based on cost to build with development costs)
  • Loan Size:
    • Minimum $500,000
    • Maximum $3M/unit   |   $15M/loan   |   $50M/project
  • 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
    • Max development budget 30% of total budget per project
    • Exit fee if vertical does not get built
  • Documentation Requirements to Get Started
    • Signed Loan Application
    • Most recent two months bank statements for each guarantor and the Borrower (LLC or Corp)
    • Most recent two years tax returns for each guarantor and the Borrower (LLC or Corp)
    • Purchase & Sale Agreement w/ all Addendums (if purchase)
    • Engineered Construction Plans
    • Preliminary Construction Plans (if Engineered plans unavailable)
    • Breakdown of Costs Paid into Project
  • Documentation Requirements to Get Funded
    • Borrower/Guarantor Resume – Highlight projects in last 24 months
    • Borrower Legal Filing Documents
    • Operating Agreement & Certificate of Formation (LLC)
    • Articles of Incorporation & Bylaws (Corporation)
    • Builder Resume – Website or short writeup
    • Preferred Insurance & Title/Escrow Agent
    • Builder Material Specifications (Spec Sheet)
    • Final Plat Approval from Jurisdiction (or Approval Letter)
    • Final Stamped Engineered Plans for Development work
    • Contract with Builder for Development Work
    • Breakdown of Costs Paid into Project
    • Purchase & Sale Agreement w/ all Addendums (if purchase)

CONSTRUCTION LOANS (Vertical)

Financing for vertical construction. Available for one property or one loan for up to 10 properties.

  • Term: Up to 18 months, per property (budget)
  • Purpose: Purchase, refinance or cash-out refinance
  • LTV: Up to 65% (based on as-improved value)
  • LTC: Up to 90% (based on cost to build)
  • Loan Size:
    • Minimum $500,000
    • Maximum $3M/unit   |   $15M/loan   |   $50M/project
  • 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, and Townhouses
  • Borrower Experience
    • Must have built and sold the same number of units or more, minimum 40 in the last 18 months
    • Example: Borrower applying for a 3-unit loan must show 3 completed and sold projects in the last rolling 12 months.
    • Proven track record with a similar scop project
  • Borrower Requirements
    • No individuals, must be a corporation or LLC
    • Minimum 660 credit score, 620-659 considered with compensating factors
    • Reserve Requirement: Borrower / Guarantor must demonstrate a minimum aggregate 5% liquidity relative to all BC committed loans
    • 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
  • Documentation Requirements to Get Started
    • Signed Loan Application
    • Most recent two months bank statements for each guarantor and the Borrower (LLC or Corp)
    • Most recent two years tax returns for each guarantor and the Borrower (LLC or Corp)
    • Purchase & Sale Agreement w/ all Addendums (if purchase)
    • Engineered Construction Plans
    • Breakdown of Costs Paid into Project
  • Documentation Requirements to Get Funded
    • Builder Resume – Website or short writeup
    • Builder Material Specifications (Spec Sheet)
    • Project Budget(s) on Builders Capital’s Budget Template
    • Preferred Insurance & Title/Escrow Agents

FIX & FLIP LOANS

Renovate an existing structure for a quick flip. Available for residential properties only.

  • Term: Up to 18 months, per property (budget)
  • Purpose: Purchase or refinance with Renovation
  • LTV: Up to 75% (based on as-improved value)
  • LTC: Up to 95% (based on cost to build)
  • Loan Size:
    • Minimum $500,000
    • Maximum $3M/unit   |   $15M/loan   |   $50M/project
  • 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, and Townhouses
  • 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.
    • 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
    • Apartment and Development-only loans not allowed
    • 1st Lien Position at all times
  • Documentation Requirements to Get Started
    • Signed Estimated Loan Terms
    • Completed Loan Application
    • Borrower/Guarantor Resume
    • Purchase and Sale Agreement w/ All Addendums (if Purchase)
    • Scope of Work
    • Preferred Title Insurance Company & Contact
    • Preferred Insurance Company & Contact
    • Breakdown of Costs Already Paid into Project, if applicable
  • Documentation Requirements to Get Funded
    • Most Recent Two Months Bank Statements
    • Most Recent Two Years Tax Returns
    • Borrower Entity Documents and Appropriate Business Licenses
    • Builder Material Specs
    • Project Budgets on Builders Capital Budget Template
    • Contractor Agreement (if using a 3rd Party GC)

BRIDGE LOANS

Secure your next project while you finalize permits or plans. Financing for the existing structure or location.

  • Term: Up to 12 months, per property (budget)
  • Purpose: Purchase, refinance, or cash-out refinance
  • LTV: Up to 75% (built) “as is” value 60$ entitled land
  • Loan Size:
    • Minimum $500,000
    • Maximum $3M/unit   |   $15M/loan   |   $50M/project
  • Payments: Monthly interest payments required
  • Funds at Closing: Budget allowed for finished work up to 15%. Cash out allowed if within LTV requirements
  • Property Type: Single Family, 2-4 Units, Condos, and 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: Borrower / Guarantor must demonstrate a minimum aggregate 5% liquidity relative to all BC committed loans
    • Personal Guarantee Preferred: Limited guarantee on case-by-case basis
  • General Requirements
    • All lending for investment purpose only
    • Interest calculated on drawn balance
    • No rural properties
    • Unentitled land not allowed
    • Multiple Units allowed
    • Apartment and Development-only loans not allowed
    • 1st Lien Position at all times
    • Budget allowed up wot 15% of the ARV
  • Documentation Requirements to Get Started
    • Signed Estimated Loan Terms
    • Completed Loan Application
    • Borrower/Guarantor Resume
    • Purchase and Sale Agreement w/ All Addendums (if Purchase)
    • Preferred Title Insurance Company & Contact
    • Preferred Insurance Company & Contact
    • Breakdown of Costs Already Paid into Project, if applicable
  • Documentation Requirements to Get Funded
    • Most Recent Two Months Bank Statements
    • Most Recent Two Years Tax Returns
    • Borrower Entity Documents and Appropriate Business Licenses

The WRAP By Builders Capital

Warehouse Revolving Asset Pool Revolving capital without additional origination fees for 24 months.

  • Term: 24 months with option to renew at 12 months
  • Purpose: Development, lot bank or vertical construction
  • LTV: Up to 65% (based on as-improved value)
  • LTC: Up to 85% (based on cost to build)
  • Loan Size:
    • $5M – $50M
    • Maximum: $3M per Property/Lot   |   $15M per allocation/$30M ** Condo
  • Payments: Monthly interest payments or interest reserve
  • Funds at Closing: Cash out allowed if within LTV requirements
  • Property Type: Entitled land, Single Family, 2-4 Units, Condos, and Townhouses
  • Borrower Experience
    • Proven track record with a similar scope project
  • Borrower Requirements
    • No individuals, must be a corporation or LLC
    • Minimum 700 credit score considered with compensating factors
    • Reserve Requirement: Borrower / Guarantor must demonstrate a minimum aggregate 5% liquidity relative to all BC committed loans
    • Personal Guarantee Preferred: Limited guarantee on case-by-case basis
    • Quarterly/Annual covenants
    • **Concentration limit per guarantor is %50M on total portfolio
  • 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
    • Available capital is reused as many times as you can use it throughout the Revolving period
    • Convert Development to Vertical without additional credit qualifications
    • All loans to include a 15% Temporary Reserve Capacity for unplanned needs
  • Documentation Requirements to Get Started
    • Signed Estimated Loan Terms
    • Completed Loan Application
    • Borrower/Guarantor Resume
    • Completed Builders Capital WRAP Project Questionnaire
    • Construction Site Plan, Elevation Drawings, Floor Plans (including dimensions) and plat map (if necessary)
    • Preferred Title Insurance Company & Contact
    • Preferred Insurance Company & Contact
    • Breakdown of Costs Already Paid into Project, if applicable
    • Builder Resume (if different from Borrower/Guarantor Resume)
    • Description of Permit Status
  • Documentation Requirements to Get Funded
    • Most Recent Two Months Bank Statements
    • Most Recent Two Years Tax Returns
    • Borrower Entity Documents and Appropriate Business Licenses
    • Project Documentation Varies Based on Scope of Work Performed under the facility

Property Types

  • 2-4 Units Residential
  • Commercial Land
  • Condominium
  • Portfolio of Residential Properties
  • Residential Land
  • Single Family Residence

Loan Types

  • Residential Fix and Flip
  • Residential Rehab and Rent
  • Residential Ground-Up Construction

Specialty Loan Types

  • Condo Conversion
  • Land Development
  • Luxury Homes
  • Subdivisions
  • Vacation Rental

Description

Developer must have 40% cash down payment for land acquisition. We can also use equity in another investment property.

Land Types Considered

  • Residential Land

Will Consider Land That is NOT Entitled

no

Existing Land Improvements Required

  • Street Access
  • Electricity
  • Gas
  • Water

Max LTV for Land

60%

Max LTC for Land Acquisition

60%

Max Loan-to-Purchase Price

85%

Borrower Must Have Property Under Contract

yes

Will Provide Proof of Funds Letter

yes

Will Consider Lending on Purchase from Auction

yes

Allowed Source of Borrower’s Equity

  • Own Cash
  • Partner
  • Equity in Another Investment Property

Experience Required

yes

Minimum Number of Value-Add Projects Completed by Borrower

1

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

95%

Interest Charged for Renovation Costs

Only on Funds Drawn

Typical Number of Days for Funds Draw

2

Maximum After Repair Value

75.00%

Development Experience Required

yes

Minimum Number of Ground-Up Construction Projects Completed by Borrower

1

Max LTC for Ground-Up Construction Costs

90%

Interest Charged for Construction Costs

Entire Amount of Total Project Costs

Will Lend on Partially Completed Construction Projects

no

Fees which are mandatory for all new borrower clients

  • Underwriting Fee
  • Appraisal Fee
  • Escrow Fee
  • Credit Report Fee

Details and Requirements

Typical Closing Time (Days)

10

Fastest Closing Time (Days)

3

Payment Structure
  • Interest Only
  • Amortized
  • Interest Reserve
  • No Monthly Payments Required
Payment Structure Details

Interest Reserve Built In

Pre Payment Penalty

no

Will lend to a foreign national

yes

Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

yes

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered
  • Individual(s)
  • LLC
  • Limited Partnership
  • Trust
  • Corporation
Documentation Required
  • Credit Report
  • Tax Returns
  • Bank Statements
  • Financial Statements
  • Loan Application
Personal Guaranty (Recourse) Required
Sometimes
Credit Check Required

yes

Minimum Credit Score Required

660

Appraisal Required for Residential Property

Sometimes

Appraisal Required for Commercial Property

Do Not Lend on Commercial Property

Broker Price Opinion (BPO) Accepted for Residential Property

Sometimes

Broker Price Opinion (BPO) Accepted for Commercial Property

Get In Touch

Builders Capital pays us to be listed, so there is no fee to connect. Share your loan request, send a simple email, call, or visit their website.

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates
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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: $6 Billion
  • Active Loans $3.5 Billion
  • New Capital Available: $700 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 for Construction Loan Services LLC and Construction Loan Services II, LLC – DBA Builders Capital:

  • NMLS ID #1453731
  • NMLS ID #1829563
  • California CFL License 60DBO-131043
  • Idaho Mortgage Broker/Lender License – MLB-2081829563
  • Minnesota License MN-MO-1829563
  • Oregon Mortgage Lending License – ML-5869
License

NMLS ID 1453731, 1829563

Company Size (Number of Employees)

35

Year Established

2009

Office Locations

1019 39th Ave SE, Suite 220, Puyallup, Washington 98374

Primary Capital Source
  • Own Funds
  • Debt Fund We Manage
Alternative Capital Sources
  • Own Funds
  • Debt Fund We Manage
  • Individual Investors
  • Single Capital Partner
  • Other Private Lending Companies
  • Bank Credit Line
  • Private Equity Funds
  • Hedge Funds
  • Fund to Fund
Loan Structure for Majority of Loans
  • Own Balance Sheet
Percentage of Loans Secured by Commercial Property

20%

Percentage of Loans Secured by Residential Property

80%

Total Number of Loans Funded to Date

2000

Total Loan Volume Funded to Date

$6,000,000,000

Our Team

Curt Altig

Chairman & Founder

Rob Trent

Chief Executive Officer / Principal

Robert Hadley

Principal

Beth Glein

Chief Operations Officer

Katherine Christofilis

Corporate Counsel

Mark Woodbridge

National Director of Wholesale

Alissa McCord

Senior Sales Analyst

Courtney Altig

Sales Analyst

Rich D'Agostino

Sales Leader

Get In Touch

Builders Capital pays us to be listed, so there is no fee to connect. Share your loan request, send a simple email, call, or visit their website.

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates
subscribe-illustration

Create a Loan Request

Be more efficient with your lender search. Provide the loan details once, save it, and then share it with multiple lenders.

Contact Builders Capital by whichever method you choose.

If you submit a loan request or email, it will be sent to the lender, and they will reply to you directly. A copy will be saved in our database. We will not share your information unless you ask us for recommendations.

BEFORE YOU CONTACT THIS LENDER

Our Minimum Loan Amount Is

$500,000

What We Do

  • Single or Multiple Residential Properties
  • Horizontal + Vertical Construction Loans
  • Rehab Fix & Fip Loans
  • Lending to Experienced Investors/Builders
  • Warehouse Revolving Asset Credit Line
  • Loan Amounts up to $15M

Not Available

  • NO 100% Financing
  • NO Rural Locations
  • NO Primary Residences
  • NO Inexperienced Builders/Rehabbers
  • NO Multifamily or Commercial Properties
  • NO Rental Exist Strategy

Send an email to Builders Capital