Homebuilder Warehouse Lines: An Emerging Asset Class in Private Credit

September 2025 Builder Advisor Group Market Update

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The real estate credit platform has closed its debt fund, securing commitments in excess of $700 million.

Avila Real Estate Capital closes inaugural debt fund and hires five institutional lending veterans to accelerate capital deployment.

Despite market volatility and policy whiplash, key homebuilding deals continue to close. Builder Advisor Group doubles down on financing muscle as banks pull back.

In mid-March, homebuilding business leaders and investment strategists converge on one critical question: What’s next?

On March 11, Builder Advisor Group and Avila Real Estate Capital hosted its 12th annual Forum for Housing Executives which brought together nearly 100 of the nation’s top builders and developers to discuss the housing market outlook for 2025, global macroeconomic trends, land development, capital markets, and more. The Forum included builders that represent more than half of all new single-family home deliveries.

Avila Real Estate Capital (AREC), a growing force in land acquisition and development (“A&D”) lending for the housing industry, is delighted to announce a merger with Pacific InterWest (PIW), a leader in housing quality control and risk mitigation services.

"Lending remains much reduced from years past. The current amount of existing residential AD&C loans now stands 51% lower than the peak level of residential construction lending of $204 billion reached during the first quarter of 2008. Alternative sources of financing, including equity partners, have supplemented this capital market in recent years."

AREC has successfully closed a $70 million first-lien loan as the lead lender for a Master Planned Community in Northern California.

Hear the inspirational story behind Builder Advisor Group & Encore Capital Management’s Tony Avila.

D.R. Horton strategists aren't kidding around when they say they're intent on leaning into market share gains sooner to ignite both volume and returns growth later.

Avila Real Estate Capital and Encore Capital Management have issued a $362 million loan toward the acquisition of more than 5,500 entitled and partially developed lots in Mountain House, CA a master planned community in the greater Bay Area.

"Builders are bullish," says Tony Avila, CEO of Builder Advisor Group. "They've been generating cash as they slowed or stopped acquiring land in '22. This gives them more capital to deploy for M&A, which gets them earnings faster."

AREC has successfully closed a $130 million development loan for a prominent West Coast developer in Oakland, CA within 30 days