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Just Funded

The Builders Capital team of residential real estate and financing experts create customized loans for our clients individual needs. We are fast, flexible and focused on achieving success: building homes, creating communities, growing businesses and delivering investor returns. Here’s a growing list of projects we just funded.

 

Builders Capital has been a great partner in our project. They have been extremely reliable and responsive to our needs and we look forward to working with them again in the future.

— Bill Carruthers, Owner

Grow Community Bainbridge

East H Street
Vancouver, WA
All-In-One - $397,000

East H Street

Vancouver, WA
All-In-One - $397,000
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24th Ave S.
24th Ave S.
Des Moines, WA
Construction - $368,822

24th Ave S.

Des Moines, WA
Construction - $368,822
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44th Street Court E., Lot 2
44th Street Court E., Lot 2
Edgewood, WA
Construction - $449,400

44th Street Court E., Lot 2

Edgewood, WA
Construction - $449,400
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44th Street Court E., Lot 3
44th Street Court E., Lot 3
Edgewood, WA
Construction - $399,000

44th Street Court E., Lot 3

Edgewood, WA
Construction - $399,000
Fremont
Seattle, WA
Construction Loan - $3,500,000

Fremont

Seattle, WA
Construction Loan - $3,500,000

These 2 bedroom/2 bath townhomes are constructed and designed to maximize sustainability through thoughtful site planning, energy considerations and material choices. With approximately 1,600 square feet of living space, the homes feature bright spaces with an office/media area and a private deck off the open concept living/dining room. All units have large rooftop decks for entertaining.

The borrower is a highly successful residential real estate investment firm focused on the purchase, construction and sales of high quality multi-unit and single family properties in select neighborhoods in Seattle. Financing is more difficult to obtain for a unique multi-family project, but Builders Capital was able to provide service to this repeat borrower.

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Bainbridge Island
Wedgewood
Seattle, WA
Bridge Loan - $550,000

Wedgewood

Seattle, WA
Bridge Loan - $550,000

Situated on a quiet cul-de-sac of the desirable Wedgewood neighborhood in Seattle, this one-story with basement remodel is new from top to bottom. With four bedrooms and three baths, the 2,540 square foot home has a new kitchen, remodeled bathrooms, new plumbing, electrical, carpet, hardwood floors, stainless steel appliances, quartz countertops, shaker cabinets, garage door and more. The average time on the market for real estate in this area is nine days with many going for 110% above list price.

A partnership of business and tech savvy professionals, these borrowers join forces to fix and flip properties. Builders Capital provided 100% of the renovation costs of the project. We provide partnerships and joint ventures the ability to collaborate.

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Portage Bay
Portage Bay
Seattle, WA
Acquisition Loan - $1,420,000

Portage Bay

Seattle, WA
Acquisition Loan - $1,420,000

With the help of Builders Capital, this privately held, experienced builder/developer who specializes in luxury single family residences in Seattle, purchased four parcels in the Portage Bay area. On the parcels, four modern homes will face Portage Bay and terrace down the hillside toward the water. Each home will have three bedrooms, additional flexible space and two to three bathrooms. The homes will have integrated study or lounge space and a double-height gathering kitchen space. The homes are expected to be priced between $1.9M and $2.2M.

Builders Capital was able to close quickly and provide a high LTV purchase loan.

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Leschi
South Seattle
Seattle, WA
Fix and Flip
Bridge Loan - $540,000
Potential for (2) construction loans

South Seattle

Seattle, WA
Fix and Flip
Bridge Loan - $540,000
Potential for (2) construction loans

This 15,000 square foot property is situated in a highly sought after area of South Seattle consists single family home built in 1949 and is zoned R6. It has views of Lake Washington across to Mercer Island. A “Legal Lot Recognition” process was completed through King County turning the property back into 3 separate parcels.

The borrower is a local builder who specializes in acquisition, development, renovation and building. They purchased the property with the plan of remodeling the existing home and building 2 new homes on the remaining 2 lots. The Builders Capital team took this project through the lot recognition process and provided the opportunity for this builder to complete this project. Builders Capital provided an expedient loan closing and at an LTV of 70%.

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Wedgewood
Leschi
Seattle, WA
Construction Loan - $1,032,000

Leschi

Seattle, WA
Construction Loan - $1,032,000

With sweeping views of the Cascade Mountains and overlooking Lake Washington, this property is in the highly sought-after Seattle neighborhood of Leschi. The borrowers have contracted a prestigious architectural firm to design and build this modern house. The contemporary design as well as the lack of standing new construction inventory in this neighborhood adds immense value to this project.

Builders Capital provided a loan which takes the builder through the permitting process and into the construction of the new home. We connected these borrowers to our vast network of builders, architects and industry specialists to complete this project.

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Tacoma
Tacoma
Tacoma, WA
Construction Loan - $370,000

Tacoma

Tacoma, WA
Construction Loan - $370,000

Nestled in a quiet cul de sac, this beautiful new construction home is 4,034 square feet with 4 bedrooms/2.5 bathrooms. Sitting on 1 acre, it includes a covered back porch, bonus room over the garage with a partial view of Mt. Rainier and much more.

The borrower is the largest, locally owned and family operated home builder in the Greater Puget Sound region. They are clearly qualified for bank financing however, because of our ease and expedience, the borrower comes to us to supplement their financing. Due in part to our quick closing and experienced team, Builders Capital enhances the borrower’s ability to build more houses, quicker.

Unlike banks who are forced to make decisions based on regulatory pressures, our underwriters enjoy the freedom to make decisions based on what makes business sense.

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North Lake Union
North Lake Union
Seattle, WA
Construction Loan - $5,100,000

North Lake Union

Seattle, WA
Construction Loan - $5,100,000

The borrower has over 25 years of construction experience, building and remodeling homes in the Seattle/Puget Sound area. With 10 units total, the location and views are unmatched.

Providing $5,100,000 for construction financing, this transaction is an example of our lending capabilities. With many urban buyers now preferring a home with a great walkability index and access to public transportation over a home with an attached garage, the architect chose not to place garages where he could otherwise increase the living areas. While not having attached garages may be common for many of the new urban projects, in most cases, developers have found that banks are not comfortable with this new trend and cannot always differentiate between the nuances of a suburban project and that of a more progressive urban project.

Potential buyers are downtown city dwellers who don’t have a need for vehicles because they take advantage of Seattle’s state-of-the-art public transportation system.

Builders Capital continues to serve multifamily developers in desirable locations throughout Northwest.

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Fremont
Bainbridge Island
Bainbridge Island, WA
Construction Loan - $4,900,000

Bainbridge Island

Bainbridge Island, WA
Construction Loan - $4,900,000

This new urban neighborhood on Bainbridge Island, just a 35-minute ferry ride from downtown Seattle. With beautifully designed solar-powered homes, shared community gardens and clean transportation options like their bike share program. This community is already the largest planned solar community in Washington state with every single-family home and duplex in the village powered by photovoltaics. It has been designed around the idea that homes should produce all the energy their residents need (net-zero impact) while capturing the financial benefits that come with producing renewable energy.

The developers were trailblazers when they started this project and they have continued to innovate and push the envelope of sustainability with each new phase. Their dream was one which did not fit neatly into the dated box of a traditional bank. It took a company like Builders Capital to see the vision, believe it was possible, and then execute on a plan to bring this dream to life.

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East H Street
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