SEATTLE, WA - Builders Capital, a Seattle-based real estate development and investment company, announced a new crowd-funded capital campaign to raise $50 million to acquire, develop and sell residential property in the Puget Sound region.
Builders Capital is seeking funds to take advantage of the growing demand for finished and nearly finished residential lots in King, Pierce, Snohomish and Thurston counties.
New home sales in the four counties have been rapidly outpacing new lot applications almost every quarter since 2009. That translates into high demand for lots and detached single family housing.
With its experienced team of home builders, developers and financial experts, Builders Capital has developed a strong track record of finding, acquiring and selling properties, generating above-market returns for its investors.
Its executive team includes Curt Altig, former regional president of First Horizon Home Loans; Robert Trent, founder of SDC Homes; Michael Lorenz, former head of land acquisition for Quadrant Homes and Richmond American Homes of Seattle; Robert Hadley of Hadley Properties LLC; and Michael Dattilo, co-founder and managing broker of Northwest Brokers Group. Together, they have built more than 9,500 homes, developed more than 4,000 lots from raw land and closed thousands of homes sales across the Puget Sound region.
Since the firm’s founding in 2009, Builders Capital has invested around $200 million in residential real estate with an average return of 12.89 percent and zero principal losses.
“When opportunity knocks, it’s time to build more doors,” said Altig, president and CEO of Builders Capital. “The Puget Sound region continues to experience robust economic and population growth. We can help meet the demand for new homes by offering investors the ability to partner with some of the region’s most respected real estate experts to match capital with opportunity.”