Fintech leader Builders Capital brings innovative software platform to borrowers through BIMQuote acquisition
Puyallup, Wash. (January 7, 2022) Builders Capital, the nation’s leading non-bank residential construction lender, announced the acquisition of BIMQuote and Customhome.ai this week. These two technology platforms are complementary additions to the Builders Capital product suite, enabling the company’s builder-borrowers to operate more competitively, efficiently, and profitably in their business. Customhome.ai allows for the customization of a 3D digital model of a home and immediately generates a material takeoff as well as site-specific residential designs. While BIMQuote.com offers a full project management and procurement suite, with integrated accounting and automated contracting tools such as lien waivers.
“This acquisition will level the playing field and allow Builders Capital customers to regain market share lost to the public builders over the course of the last decade,” says Robert Trent, chief executive officer of Builders Capital. “This technology represents a suite of tools that will dramatically increase our borrowers’ efficiency and pricing power. We have invested in this technology to continue to deliver on our mission of being the Builders Most Valuable Relationship.”
The new platform gives small to medium-sized homebuilders access to the types of software and buying power that production builders are accustomed to. Builders can customize any feature within a home design and then create an immediate quote of what materials are needed. This will allow builders to work around supply chain issues, navigate fluctuating material costs, and streamline efforts that would otherwise add to the cost of doing business. Later this year, Builders Capital will launch a procurement feature, giving its borrowers the benefit of the massive buying power that Builders Capital brings with nearly ten thousand properties within its portfolio, a number that grows daily.
“Now regional builders can have the design and operational tools, financial products, and very soon the purchasing power of the large public builders,” says Travis Dodge, the founder of BIMQuote and Customhome.ai and the new chief technology officer at Builders Capital. “In this supply chain environment, the sooner you know what you need and when you need it, the better. This innovative technology is going to provide the opportunity to connect with builders at the earliest point in the project. The sooner a borrower connects with Builders Capital, the more strategic design, procurement, and cost savings we can provide to them.”
Builders and borrowers can immediately access the technology at BIMQuote and Customhome.ai. Builders Capital representatives will also be available at the 2022 International Builders Show in Orlando, Fla., February 8th-10th to walk borrowers through the new technology experience.
About Builders Capital
Builders Capital is one of the nation’s largest private construction lenders, offering innovative financing solutions to a broad spectrum of developers and homebuilders, from bridge, fix-and-flip, and ground-up construction to development and attached housing. The company maintains its headquarters in Puyallup, Wash., with sales offices in Boise, Idaho, St. George, Utah, Charlotte, N.C., and Orlando, Fla., and San Diego. The Builders Capital principals bring over 100 years of expertise in residential construction lending, home building, real estate development, and loan servicing, and are supported by a team of over 100 professionals dedicated to providing best in class service to their borrowers. Additional disclaimers listed here.
Jason Troupin, Director of Marketing