Target Return:10% to 12%
- Inception Date: 12/1/2016
- Investment Type: Open-Ended Fund
- Asset Locations: Pacific Northwest
- Investment Criteria: Accredited Investor
- Equity Redemption Period: 1 year
- Distribution Frequency: Quarterly
- Preferred Return: 8%
- Profit Split: 70/30 Managers / Unit Holders (after pref)
- Maximum Leverage: 65%
- Accounting Firm: Spiegal Accountancy Corp.
- Securities Counsel: Peterson Russell Kelly
Builders CapitalSeattle, WA
Builders Capital is a private finance company dedicated to serving the borrowing needs of residential home builders throughout the greater Puget Sound Region.
Curt Altig, Chief Executive Officer
Mr. Altig is a 20-year veteran of the mortgage banking industry who brings an array of loan origination expertise, construction lending experience, sales, marketing, management and leadership skills to the organization. Mr. Altig’s responsibilities at the Company include sales, marketing and the development of the Company’s loan business. Prior to co-founding the Company, Mr. Altig spent five years as a Regional President for First Horizon Home Loans (purchased by MetLife), overseeing $2+ billion in loan production across 18 branch offices. His responsibilities at First Horizon included retail and wholesale originations, custom construction financing, mortgage operations, financial services, underwriting management and compliance oversight. Mr. Altig is a current board member of Liberty Road Foundation and a graduate of the University of Washington.
Robert Hadley, Principal
Mr. Hadley is a Principal of AIPA Residential Funding, LLC, an investor in the Company, and member of its Manager and Loan Committees. Mr. Hadley is also the President of Hadley Properties, LLC, a third generation development company with a long history of technical and real estate innovation. Hadley Properties has developed a broad range of innovative projects, spanning residential, resort, office, hospitality, and industrial product types. The organization was the first to successfully employ the timeshare model in Hawaii and the first to build a structural steel high rise in Hawaii. Having recently completed a 251-resort home development on a nine-hole executive golf course overlooking the Columbia River in Washington State, the organization is currently engaged in the brownfield redevelopment of one of the largest urban mine tailings sites in North America into Colorado Springs’ first neo-traditional neighborhood community. Mr. Hadley holds degrees in civil engineering and quantitative economics from Stanford University.
Robert Trent, Principal
Recognized in 2010 by the Puget Sound Business Journal for having one of the “100 Fastest Growing Private Companies in Washington State”, Robert Trent is a highly successful entrepreneur who founded SDC Homes in 2007 at the onset of the “credit crisis”. Through innovation, experience and sheer determination, Mr. Trent developed a business model that took SDC Homes to one of the top three homebuilders in Washington State by 2010. Aside from being highly innovative, SDC Homes was extremely profitable, which garnered the interest of several national homebuilders. In the spring of 2011, Mr. Trent made the decision to accept a bid from one of the nation’s top 10 homebuilders to purchase his company. After two years serving as Divisional President for Richmond American, Mr. Trent returned to the world of private investment and has recently taken on an active role with the Builders Capital family of companies.
Kimberly Foltz, Chief Operations Officer
Kimberly Knapp-Foltz is a highly-skilled, multi-faceted professional with over 30 years’ experience in residential mortgage lending. Ms. Foltz’s strong leadership, strategic and analytical skills combine to provide effective and world-class service, process design and communication. Her responsibilities at the Company include executive management of construction loan operations; including processing, funding, draw management, compliance and all servicing related matters.
Prior to joining Builders Capital, Ms. Foltz most recently held the position of Director of Mortgage Support at BECU, and also held positions of Regional Operations Manager and Business Procedures Manager for MetLife Home Loans (formerly First Horizon Home Loans). During her career, Ms. Foltz has been recognized for her ability to successfully coordinate multiple tasks, “think outside the box”, and set priorities while adjusting to varying demands and deadlines.
Lynda Meadows, Chief Financial Officer
Lynda Meadows joins Builders Capital as Chief Financial Officer, with almost 30 years of executive level finance, accounting and operations experience. Most recently, Chief Financial Officer / Chief Operations Officer for JayMarc Homes and Vice President and Controller of Quadrant Homes, Ms. Meadows brings her comprehensive experience in strategic planning, impact analysis of financial initiatives, risk mitigation, and portfolio management.
Ms. Meadows spent almost 20 years working for the Weyerhaeuser Company and its subsidiaries. She held various controllership and financial roles within the parent company as well as in the real estate division of Weyerhaeuser. Ms. Meadows holds a Business degree from Washington State University and is licensed as a Certified Public Accountant.
Ms. Meadows is a board member and treasurer of HomeAid of Puget Sound; an organization that connects builders and service providers to generate transitional housing for the homeless population in the Puget Sound. She also works with Teen Feed, an organization that provides daily meals for homeless teenagers.
Johnny Walker, Director of Business Development
In his role of Director of Business Development, Johnny Walker’s biggest reward is helping clients achieve their real estate investment goals. Mr. Walker is passionate about creating opportunities for clients and borrowers alike, building relationships and bridging clients to Builders Capital. Mr. Walker worked as Sales Manager for Bismark Mortgage and Managing Partner of GW Capital Group before joining Builders Capital. Prior to construction finance, he earned his Fire Science degree from Bellevue College and served as a firefighter for 8.5 years. Mr. Walker was also the founder of Acts 29 Coffee, which is in existence to fund new church plants and unify churches on mission regionally. Notably, Mr. Walker received the 2014 and 2015 “Hero of the Year” award from the Red Cross. In his time away from the office, Mr. Walker is a coach for Mt. Si high school’s mountain bike team and enjoys kiteboarding, snow sports and biking.
Robb Kenyon, Director of Sales
Mr. Kenyon is a seasoned veteran leader in the northwest mortgage industry, with 20+ years experience, including regional management posts at Bank of America, Countrywide and Seattle Mortgage. Mr. Kenyon has been both a homebuilder and a land developer. Combining his experience in both lending and building means that he truly understands our clients and can contribute in a meaningful way to their success. Mr. Kenyon’s leadership in the new home industry includes involvement in The New Home Council, as well as the Sales and Marketing Council for the Master Builders Association. He is also a past President of the Seattle Mortgage Bankers Association and has earned the Mortgage Bankers Association’s highest designation as a Certified Mortgage Banker (CMB). Mr. Kenyon graduated from Seattle University with a finance degree and from the University of Washington’s Construction Management program. NMLS ID 398442
Mark Woodbridge, Director or Sales
Mark Woodbridge has a 20+ year history in the real estate and mortgage banking industry. His past experience includes working as a loan officer at Golf Savings Bank, as a fund manager at Flex Funding Group and also began his own successful mortgage company, Bellevue City Mortgage. He has been a fund manager for several private equity funds. In addition to his experience in the mortgage banking industry, Mr. Woodbridge has fixed and flipped a multitude of houses in the past 20 years and has built new construction. As Director of Sales for Builders Capital, Mr. Woodbridge leads a team that sources, vets and drives the feasibility process for construction projects all over the greater Puget Sound area. He combines his hands-on experience and talent in pairing the Real Estate and Lending industries to provide his clients with a high level of industry knowledge and finance strategies which lead to prosperous outcomes for his clients. In his spare time, Mr. Woodbridge enjoys spending time with his wife and four boys and coaching football.
Vineet Wahi, Director of Finance & Accounting
Mr. Wahi has worked as a financial professional for almost two decades years in increasingly senior roles. Most recently, he worked with a real estate development project and property management company in Eugene, Oregon. He was involved with arranging financing for a boutique hotel, drawing on the SBA, a credit union, the City of Eugene, and private investors. Prior to that project, Mr. Wahi worked at the largest public accounting firm in the Willamette Valley for eight years, specializing in taxation of small- to medium-sized, closely held companies. He developed expertise in working with clients who invested in real estate and the related tax and accounting issues. Mr. Wahi has also held the position of Controller at a window manufacturing company. A graduate of the University of Washington with a BA in Business with an accounting concentration, Mr. Wahi has held a CPA License since 2001. Mr. Wahi enjoys officiating soccer for youth and adults, and volunteering with the Active 20-30 Club.