The #1 Private Lender for Residential Construction, Development and Rehab Loans in the United States

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 Development Loans – Horizontal + Vertical
  • Ground-Up Construction Loans
  • Fix & Flip Loans
  • Bridge Loans
  • The WRAP by Builders Capital – Warehouse Revolving Asset Pool

Please Note: We do NOT offer loans for a primary residence, multifamily or commercial properties.

Property Geographic Area Details
Nationwide except Arkansas, Louisiana, Mississippi, and New York
Loan Amounts
$500,000 to $50,000,000
Interest Rates
7.99% 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%

ALL-IN-ONE DEVELOPMENT LOANS

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

  • Purpose: Purchase or refinance. Permits, preliminary plat approval and engineered stamped plans required
  • Property Type: Horizontal = Entitled land with zoning in place, Vertical = Single Family, 2-4 Unit Properties, Condo, Townhouses
  • Minimum Loan Amount: $2,500,000
  • Maximum Loan Amount: $3M per property/lot, $30M Condos, $15M all others
  • Loan-to-Value (LTV): Horizontal = Up to 60% (based on finished lot value), Vertical = 65% (based on as-repaired value)
  • Loan-to-Cost (LTC): Horizontal = Deal Specific, target 80%, Vertical = Up to 90% (based on cost to build, including development costs)
  • Term: Up to 12 months for horizontal portion, Vertical = Up to 12 months for vertical portion
  • Borrower Experience: Proven track record with a similar scope project.
  • Funds and Closing: Cash out allowed if within LTV requirements
  • Payments: Interest Reserve or Monthly Payments

General Requirements

  • All lending for investment purposes only
  • Interest calculated on drawn balance
  • Construction draws based on inspection report
  • No rural properties
  • Apartments and Development-only loans not allowed
  • 1st Lien Position at all times

Borrower Requirements

  • No individuals. Must be an LLC or Corporation
  • Minimum 660 credit scores
  • Reserve requirement: Reserve calculation is based upon 5% of the Committed Loan Amount
  • Personal Guarantee preferred; Limited Guarantee on case-by-case basis

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

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

  • Purpose: Vertical construction on entitled land
  • Property Type: Single Family, 2-4 Unit Properties, Condo, Townhouses
  • Minimum Loan Amount: $500,000
  • Maximum Loan Amount: $3M per property/lot, $30M Condos, $15M all others
  • Loan-to-Value (LTV): Up to 65% (based on as-improved value)
  • Loan-to-Cost (LTC): Up to 90% (based on cost to build)
  • Term: Up to 18 months
  • Borrower Experience: Must have built and sold the same number of units or more
    • Example: Borrower applying for a 3-unit loan, Borrower must show 3 completed and sold projects in the last rolling 12 months
  • Funds and Closing: For purchase (if not already owned), and reimbursement of work in progress (if approved)
  • Payments: Interest Reserve or Monthly Payments

General Requirements

  • All lending for investment purposes only
  • Interest calculated on drawn balance
  • Construction draws based on inspection report
  • No rural properties
  • Only for residential properties
  • Land Development-only loans not allowed
  • 1st Lien Position at all times

Borrower Requirements

  • No individuals. Must be an LLC or Corporation
  • Minimum 660 FICO score; 640-659 score 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

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.

  • Purpose: Purchase or Refinance with Renovation
  • Property Type: Single Family, 2-4 Unit Properties, Condo, Townhouses
  • Minimum Loan Amount: $500,000
  • Maximum Loan Amount: $15,000,000
  • Loan-to-Value (LTV): Up to 75% (based on as-improved value)
  • Loan-to-Cost (LTC): Up to 95% (based on cost to build)
  • Term: Up to 18 months
  • Borrower Experience: Proven track record of at least one flip with a similar scope project
  • Funds and Closing: For purchase (if not already owned), and reimbursement of work in progress (if approved)
  • Payments: Interest Reserve or Monthly Payments

General Requirements

  • All lending for investment purposes only
  • Interest calculated on drawn balance
  • Rehab draws based on inspection report
  • No rural properties
  • Only for residential properties
  • Land Development-only loans not allowed
  • 1st Lien Position at all times

Borrower Requirements

  • No individuals. Must be an LLC or Corporation
  • Minimum 660 FICO score
  • Reserve requirement: Minimum aggregate 5% liquidity relative to all BC committed loans
  • Personal Guarantee preferred; Limited Guarantee on case-by-case basis

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.

  • Purpose: Purchase, refinance, or cash-out refinance
  • Property Type: Entitled Land, Single Family, 2-4 Unit Properties, Condo, Townhouses
  • Minimum Loan Amount: $500,000
  • Maximum Loan Amount: $15,000,000
  • Loan-to-Value (LTV): Up to 75% (built) “as is”value 60% entitled land
  • Term: Up to 12 months
  • Borrower Experience: Proven track record with a similar scope project
  • Funds and Closing: Budget allowed for finish work up to 15%; Cash out allowed if within LTV requirements
  • Payments: Monthly interest payments required

General Requirements

  • Investment purposes only
  • No rural properties
  • No unentitled land
  • Only for residential properties – no multifamily or mixed-use
  • Multiple Units are allowed
  • Budget allowed up to 15% of the ARV
  • 1st Lien Position at all times

Borrower Requirements

  • No individuals. Must be an LLC or Corporation
  • Minimum 660 FICO score
  • Reserve requirement: Minimum aggregate 5% liquidity relative to all BC committed loans
  • Personal Guarantee preferred; Limited Guarantee on case-by-case basis

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.

  • Purpose: Development, lot bank, or vertical construction
  • Property Type: Entitled Land, Single Family, 2-4 Unit Properties, Condo, Townhouses
  • Minimum Loan Amount: $5,000,000 to $50,000,000
  • Maximum Loan Amount: $3M Property /Lot, $15M per allocation
  • Loan-to-Value (LTV): Up to 65%
  • Loan-to-Cost (LTC): Up to 85%
  • Term: 24-months with option to renew at 12 months
  • Borrower Experience: Proven track record with a similar scope project
  • Funds and Closing: Cash out allowed if within LTV requirements
  • Payments: Monthly interest payments or interest reserve

General Requirements

  • 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
  • Interest calculated on drawn balance
  • Construction draws based on inspection report
  • Investment purposes only
  • No rural properties
  • Multiple Units are allowed
  • 1st Lien Position at all times

Borrower Requirements

  • Minimum 700 FICO score
  • Reserve requirement: Minimum aggregate 5% liquidity relative to all BC committed loans
  • Personal Guarantee preferred; Limited Guarantee on case-by-case basis
  • Quarterly/annual covenants

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.

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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

Blake Rodgers

Sr. Sales Executive

Rich D'Agostino

Sr. Sales Executive

Brittney Battrick

Loan Processor

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
Before You Contact Us

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

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