Snap.Build grows the economy through build-to-rent (BFR) projects in multiple states
BFR platform designed for speed and efficiency
Ponte Vedra Beach, Florida, November 1, 2023 /PRNewswire/ — Snap.Builda best-in-class fintech company for the residential housebuilding industry, specializes in working with building communities and lenders to finance projects targeting growing residential real estate areas with a focus on the build to rent (BFR) category.
Today, BFR refers to the construction segment of new single-family homes that are a mix of detached, self-contained residences as well as townhomes, duplexes and other single-family homes—all built for rental.
“At Snap.Build, we continue to believe in the BFR opportunities we see in our core markets across the country. Our builders working in this space benefit from our non-recourse loans and the speed and efficiency provided by our technology platform. Ultimately “BFR builders need to A lending partner that can match their ability to implement and deliver prefabricated homes effectively and on time. “We can meet the needs of our builders in providing investment-ready units in the BFR market as well as speculative and pre-sold homes,” Brad DavidSnap.Build Executive Vice President of Building and Construction.
“During this challenging pricing environment in our industry, we continue to provide capital not only to our BFR clients but also to specs and pre-sold builders in the for-sale categories. At Snap.Build we understand the needs of our builders and continue to improve our offerings to address the myriad of challenges they face. They face it. With best-in-class technology that supports our builders with 24/7 access to all project activities and an unparalleled pull management process, Snap.Build is the clear choice for all BFR-focused builders as well as builders who are looking for capital to grow their operations.”
Solving problems is what Snap.Build is all about. “Snap.Build is committed to this sector and will continue to aggressively expand our presence.” Snap.Build CEO says, Matt Merritt. Snap.Build’s latest projects focused on BFR markets include:
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Savannah, Georgia region
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141-unit BFR townhouse project near the new Hyundai EV factory
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Snap.Build has received a total project commitment of 30 million dollars; The first phase has already been funded $11.8M (For the first 56 residential units)
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BFR neighborhoods in metro Atlanta (Covington, Conyers, Griffin, Paulding, Adairsville, Douglasville)
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Central Florida BFR in Cape Coral, Citrus Springs, They entrusted her, North port, Orlando
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Project financing began in 2021 with 5 units and has since closed 55 units in the past 12 months with a goal of 75+ units in 2023 and 200 units in 2024.
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Snap.Build has funded $12.5 million With a total financing in 2024 of up to 45 million US dollars
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Expanding the scope of these BFR models with Snap.Build support to make them an integral part of the Sunshine State’s residential construction business for non-senior housing
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About Snap.Build
Snap.Build is a leading fintech company serving the residential homebuilding industry. The company specializes in providing non-recourse loans to small and medium-sized housebuilders for both speculative and pre-sold homes. Snap.Build uses proprietary technology that allows 24/7 access to all construction project activities and financing disbursement details, bridging the gap between lender and builder. Snap.Build provides the lender with greater security, safety and transparency; Thus, giving the builder greater access to capital and growing the lender and builder’s business.
communication:
Andrea Bass, For Snap.Build
Andrea@AndreaPassPR.com
201-873-6087
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Source Snap.Build
