Originate Report - October 2021

Page 12

FEATURED ARTICLE

Curt Altig

Robert Hadley

Rob Trent

Chairman & Founder, Builders Capital

Principal, Builders Capital

CEO & Principal, Builders Capital

A WINNING FORMULA

INDUSTRY INSIGHT + INNOVATIVE LENDING = BUILDERS CAPITAL By Mark Dewyea, Contributing Writer for Originate Report

W

ith a leadership team

allows Builders Capital to cater to

clients from the application phase

that has over a century of

the specific needs of its clientele and

to the final repayment, borrowers

collective

construction

fund exciting projects that otherwise

can manage their projects with

and real estate development experience,

would be impossible to get off

the confidence that they will have

Builders Capital genuinely understands

the ground.

sufficient capital whenever they

the nuances and challenges that its

need it.

borrowers face. They have positioned

Communication Breeds Success

themselves with a customer-centric

Builders

stranger

As a leader in the private money

lending approach to accommodate

to the challenging aspects of the

lending space specializing primarily

borrower needs. Gone are the days

home construction process. Project

in funding residential construction

of lengthy underwriting experiences

timelines are in a constant state of

projects,

that are unfortunately an inherent

flux. Unexpected issues arise at the

provided efficient single- and multi-

part of the conventional lending

most inopportune moments such as

family

process. That’s why Builders Capital

when materials are sold out and must

loans for more than 30,000 housing

underwrites its loans based on the

be back-ordered. That’s why they

projects in markets spanning the

potential value of the underlying

allow on-demand draws, enabling

entire country since 2009. Moreover,

asset instead of arbitrary restrictions

borrowers to pay their vendors

they are showing no signs of slowing

that

banks

when they need to. Furthermore,

down anytime soon. Origination

are forced to adhere to. This dynamic

since there is a dedicated team of

volume is currently on pace to

flexibility is an invaluable asset that

relationship experts that stick with

surpass Builders Capital’s initial

12

government-regulated

Capital

is

no

Builders residential

Capital

has

construction