February 20, 2026

Builders Capital delivered a $37.5M build-to-rent (BTR) loan for 117 townhomes, transitioning them seamlessly into phase 2, while recapturing equity from phase 1 to minimize the need for new capital. The lender financed this project in Q2 2024 as a phased townhomes development. The first phase included development for all 117 lots. The plan was to take raw dirt to finished lots and then sell the first 51 units. More