Builder Capital, LLC (“Builder Capital”) is capitalized with a significant financial commitment from an institutional investor to acquire entitled land in conjunction with a lot option contract executed by a homebuilder at acquisition closing. We can offer an avenue to finance lots without using recourse bank debt, which allows for greater balance sheet flexibility for a homebuilder.
Subject to project location and size, we have the following general deal parameters:
Builder Capital has established a dependable lot banking program based on a history of innovative capital solutions and predictable performance. Working with dozens of homebuilders we have found that a lot banking program helps a homebuilder with the maintenance of internal cash reserves and is not disruptive to operations, especially if implemented across multiple projects over time.
Builder Capital is led by Bill Southworth, its Founding Principal. Mr. Southworth is a native of Arizona and has been a real estate investor for more than 20 years. In 1991, Mr. Southworth helped launched one of the Southwest’s largest real estate investment companies and served as CFO and COO during his tenure. Over that time, he managed a $200 million portfolio of land assets, which included lot banking deals and development opportunities. He is deeply experienced in finance, accounting, audit and tax reporting for real estate land development and investment. Previously, Mr. Southworth worked at Western Savings and Loan and he has volunteered for Habitat for Humanity and the Five Arts Council. Mr. Southworth is a graduate of Arizona State University with a B.S. in Finance.
Andy provides analytical and transactional support for Builder Capital, LLC. He has over 10 years of experience and has invested in over $1.0 billion of real estate as a principal in his career. Mr. Stone is a graduate of Arizona State University with a B.S. in Economics and Finance and received his M.B.A. from Columbia Business School.
Stan provides transactional, financial reporting, and operational support for Builder Capital, LLC. He has over 5 years of real estate and financial experience and is a graduate of Pennsylvania State University with a M.S. and B.S. in Accounting.
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