SNAP.BUILD
The STANDARD for funding, building, and managing residential home construction.
- Through established relationships with private capital partners, Snap.Build has positioned itself in a unique space between traditional construction lending and private hard money
- Founded in 2014, Snap.Build is a fintech company serving the residential housing market. Snap.Build utilizes proprietary technology to bridge the gap between the lender and the builder
- Our process ensures that payments to the subcontractors and suppliers are timely, secure, and accurate
- Our technology provides the lender with added security, safety, and transparency; thereby, giving the builder greater access to capital and growing the lender’s and the builder’s businesses
Builder Benefits Across the Process
- Non-recourse loan structure
- Fund 100% of vertical budget
- Funding to support simultaneous builds
- Fully funds a 12-month interest reserve and rolls interest and fees into the overall loan. No capital needed at closing
- Efficient loan closing (once approved, close fully funded loans in 2-3 weeks on average)
- Competitive rates, fees, and term
- No requirements on spec to pre-sale ratios
- Our financing services support residential construction builders with single-family residences, duplexes, and residential vertical construction projects
- Constant communication between team members and stakeholders
- Builder can consistently measure team member production, subs and vendor performance
- Real time progress reports (actual vs expected)
- Build times are expedited, project costs reduced, and overall efficiencies are improved
Builder Benefits Across the Process
- Non-recourse loan structure
- Fund 100% of vertical budget
- Funding to support simultaneous builds
- Fully funds a 12-month interest reserve and rolls interest and fees into the overall loan. No capital needed at closing
- Efficient loan closing (once approved, close fully funded loans in 2-3 weeks on average)
- Competitive rates, fees, and term
- No requirements on spec to pre-sale ratios
- Our financing services support residential construction builders with single-family residences, duplexes, and residential vertical construction projects
- Constant communication between team members and stakeholders
- Builder can consistently measure team member production, subs and vendor performance
- Real time progress reports (actual vs expected)
- Build times are expedited, project costs reduced, and overall efficiencies are improved