Builders Capital Expands with New Lending Division and Significant Team Growth
TL;DR
Builders Capital significantly expands loan production operations with the addition of 40+ new team members, positioning itself as a top private lender in the nation.
The new lending division, Casa Lending, led by Jonathan Andrews, will focus on local and regional real estate investor markets with loan sizes between $100K-$3MM.
Builders Capital's expansion and innovative loan product suite will provide efficient access to capital for underserved real estate investors, making the market more inclusive.
Builders Capital's strategic investment and rapid growth, along with the launch of Casa Lending, demonstrate its commitment to meeting the evolving needs of the real estate market.
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Builders Capital, the nation's leading provider of real estate financing to private homebuilders, has significantly expanded its loan production operations by adding more than 40 new team members. This new team will operate under the trade name Casa Lending, focusing on local and regional real estate investor markets with loan sizes between $100K and $3MM.
The newly formed division will be led by Jonathan Andrews, previously COO of Upright (formerly Fund That Flip). Casa Lending is dedicated to residential real estate and community development, aiming to tap into a market historically underserved by traditional banks.
Robert Trent, CEO of Builders Capital, expressed enthusiasm about the expansion, stating, "This strategic investment puts us in an extremely competitive position to capitalize on our goal of being the top private lender in the nation." The new team brings expertise in small balance fix and flip as well as ground-up construction, enhancing Builders Capital's innovative loan product suite.
Jonathan Andrews commented on the initiative, emphasizing the challenges local and regional real estate investors face due to a lack of efficient access to capital. He noted, "I am excited to be leading this new initiative for Builders Capital. Working closely with real estate investors over the last decade, I've become very familiar with their unique challenges and goals." Andrews aims to scale this new opportunity with high levels of speed, customer service, and execution.
This expansion follows Builders Capital's recent announcement of a $500 million transaction in growth capital with InterVest, which has further propelled the firm's growth trajectory. As of 2024, Builders Capital has surpassed $10 billion in originated loans nationwide.
For more information about the new division, Casa Lending, visit www.casalending.com.
Curated from News Direct
