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Top 10 Construction Finance Solutions Companies - 2022
Successful construction projects, especially on a large scale, require meticulous planning, professional supervision, and significant investments to complete. Especially in the risky and uncertain construction environment, finance remains one of the most important elements in the management of construction projects. CBRE’s new construction cost index estimates a 14.1-percent yearly increase in construction costs by the end of 2022. The growth is attributed primarily to an increase in labor and material prices.
There are a number of factors contributing to rising costs and uncertainty across the construction industry. The most notable causes are the increasing demand for construction, inflation, pandemic-related restrictions, supply chain disruptions, and labor shortages. While concerns for the general cost inflation for materials and supply chain disruptions are expected to gradually subside, the ongoing shortage of global labor and components may continue to impact lead times and material demands for a while. In the midst of this volatility, the construction industry has set sights on adopting more modern tools, newer materials, and increasingly advanced processes to ensure sustainability in construction finance.
This edition of Construction Business Review brings the spotlight on the key developments in the construction finance space and how solution providers are leveraging the latest tech solutions and market expertise to cater to the industry fluctuations and demands. In this edition, we feature thought leadership articles from Lee Sellenraad, Principal, CCM, Certified Lean Innovation at Avison Young Consulting, and Rawle Sawh, Director of Virtual Design and Construction at Gilbane Building Company. Sellenraad speaks about the use of a comprehensive virtual design and construction process to eliminate constructability pain points and deliver project certainty with potential cost savings. Sawh talks about achieving project management success by implementing proven processes that unify integrated and collaborative stakeholders around the project.
The highlight of this publication is Global Financial & Leasing Services, a leading provider in equipment financing that meets the equipment financing needs of small to mid-sized businesses all over the U.S. by utilizing their internal GFRS Funds, bank lines, and non-bank providers.
In this edition featuring the top construction finance solution providers, we hope you find the appropriate company to facilitate your finance needs.
Let us know your thoughts!
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Top Construction Finance Solutions Companies
GFLS is more flexible than banks or other traditional financing sources and meets the equipment financing needs of small to mid-sized businesses all over the United States by utilizing their internal GFRS Funds, bank lines, and non-bank providers.
GFLS evaluates the customer’s business objectives, extends additional support to mitigate impediments, and provides professional, actionable insights geared toward enterprise growth
—Jim Jenks, CEO of GFLS; Judi Jenks, President; Sean Duffy, CFO
Global Financial - Leasing Services
Management
Jim Jenks, CEO of GFLS; Judi Jenks, President; Sean Duffy, CFO
Builder Finance Inc. provides construction loans for builders and investors as well as rental loans, build-rent loans, fix-flip loans, land development loans, model/show house loans, and lines of credit. The company promotes transparency by making the terms and conditions for all its loan programs available to borrowers online.
Michael Maxwell, Chief lending officerWe offer an array of features to make the lives of our borrowers easy. Features can include same day funding of draws, no monthly interest payments for up to a year or longer, and easy online (or paper) applications
With a strong presence in the Construction industry, VFI is familiar with the needs of building and construction companies and the issues that arise within this particular sector. Being a direct lender, the company’s in-house Credit Committee are experts when it comes to providing creative financing structures for our transactions.
Being a direct lender, our in-house Credit Committee are experts when it comes to providing creative financing structures for our transactions
—Stauss Paulos, Executive Vice President– Sales
VFI Corporate Finance
Management
Stauss Paulos, Executive Vice President– Sales
AVANA Capital
Commercial construction loans with AVANA Capital are designed to support growing businesses and help preserve wealth. AVANA Capital serves business owners across the country by providing fast, flexible and reliable financing
Billd
Billd is a construction finance company that partners with regional and national suppliers across the U.S. to offer project-based financing to contractors. The short-term financing solutions facilitate immediate payment to suppliers while providing contractors the flexibility to pay for material purchases over time
BlueTape
BlueTape is a payment and financing platform for the construction industry, offering a “Buy Now, Pay Later” solution for building materials
BUILDERS CAPITAL
Builders Capital offers a diverse loan portfolio and match investors with real estate ventures. Its dedicated team of collaborators serves states across the US and is here to provide tailored loan solutions when need them.
CapitalPlus Construction
CapitalPlus Construction Services is a leading provider of accounts receivable financing and materials financing for construction companies, general contractors, subcontractors, and disaster recovery providers of all sizes and types
CIM Group
CIM Group is a community-focused real estate and infrastructure owner, operator, lender, and developer. The firm's in-house team of experts works together to identify and create value in real assets, benefiting the communities
Construction Finance
Construction Finance offers construction factor, and invoice factor. They provide factoring for construction companies, invoice factoring, and accounts receivable factoring for clients
