SNAP.BUILD partners with experienced residential builders:
- Small to medium volume residential builders that want to grow: These builders currently build a minimum of 5-10 units a month and are looking to grow year over year
- High volume and spec builders: For the larger regional builder that is competing against the Nationals, Snap.Build provides access to private capital that the national builders have. We close loans quickly, offer uncapped funcing, and require no spec-to-build presale ratios
- Built to Rent (BTR) Builders: Snap.Build provides capital to fund the growing market for BTR housing
Speculative home builders make strategic decisions based on market insights and economic conditions. Success in this field hinges on accurately assessing market demand, delivering quality homes, and effectively marketing the properties to attract potential buyers. Snap.Build supports spec builders and is looking to fund strategic and experienced spec builders. Snap.Build requires no spec-to-build presale ratios.
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