Wednesday, May 17, 2000


Firm helps with money matters


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Henderson resident Steve Brockman has been offering fellow citizens a way to invest in the dynamic growth of the city.
      Founded in May 1999, Brockman's company Builder's Capital Inc. provides short-term land and construction loans to local builders and developers and offers sound investment opportunities for individuals, pension plans, 401Ks, trusts and profit-sharing plans.
      Builder's Capital has facilitated more than $35 million in transactions and boasts an investor list of more than 200. In addition to private investor financing, the company works with local banks and out-of-state lenders to offer institutional financing of commercial real estate.
      Builder's Capital offers investments in first-trust deeds secured by Las Vegas Valley real estate. The first-trust deed investment provides a relatively safe, high return and fixed monthly income. Currently, the company's investments are offering returns from 12 to 13 percent annually, paid monthly. Builder's Capital's loans are short-term, normally 12 to 18 months in length.
      Builder's Capital has funded several quality projects throughout Henderson. The company has worked with such well-established development companies as Pageantry Communities, Intercapital Development, The Pinjuv Companies and Daycor Properties.
      "We are finding a lot of our better loan opportunities in the Henderson area," Brockman said. "The growth south of Lake Mead Boulevard along Horizon Ridge Parkway and Eastern Avenue is tremendous."
      Builder's Capital's goals for the future are to continue to grow its private investor portfolio and expand its borrower base while maintaining the personal attention to investors that has contributed to the company's success.
      Builder's Capital reduces investor risk by working with established borrowers with strong roots in the community who have a proven track record and good credit history. The company finances projects with a conservative loan-to-value ratio and tends to make loans to companies that are diversified in different types of development.
      In addition, a third-party voucher control company monitors all construction loan disbursements and performs periodic inspections of the property. To date, no investor has ever lost any money with Builder's Capital.
      According to Brockman, the future of trust deed investing appears positive. The state of Nevada has recently adopted new regulations regarding disclosure, appraisals and powers of attorney, all of which result in a safer investing environment for investors.
     


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