Avila Real Estate Capital

What Avila Real Estate Capital does

Avila Real Estate Capital (AREC) is a private credit platform founded in 2022 and headquartered in Corte Madera, California, that originates and services acquisition, development, and construction (AD&C) loans to residential homebuilders and land developers in the United States. The company targets top 25 production homebuilders with 100-2,500 annual closings and regional developers with 75-1,000 annual lot deliveries, providing project-level loans, borrowing base facilities, and revolving builder lines ranging from $10 million to $300 million with advance rates up to 100% construction LTC and 80-85% development LTC. AREC also offers equity investments in entitled land and Sun Belt residential development projects, advisory services through its affiliated Builder Advisor Group (BAG), and construction inspection and quality control through its wholly-owned subsidiary Pacific InterWest (PIW), acquired via merger in February 2024.

AREC's capital base consists of two closed-end debt funds: Fund I, which closed in July 2025 with over $700 million in commitments and co-investments from institutional, corporate, high-net-worth, and strategic homebuilder investors; and Fund II, which is targeting $1 billion in commitments and reached $200 million at second close in March 2026 with D.R. Horton, Toll Brothers, and Century Communities as strategic LPs alongside lead investor Hillwood. The company supplements fund capital with a $50 million subscription facility and a $200 million leverage facility. AREC distributes its lending products through direct relationship-based origination by a regionally distributed team across nine U.S. markets, referral and advisory relationships through BAG's 30-year industry network, and its annual Forum for Housing Executives which convenes over 80 C-level industry leaders.

Revenue is generated through transaction-based loan origination fees, ongoing interest income on the loan portfolio, fund management fees, equity investment returns, and fee-for-service construction inspection and risk mitigation through PIW. The company's stated cumulative originations exceed $800 million in AD&C financing (with broader loan originations reported at $1B-$3B+ depending on source), supporting more than 10,000 lots sold and 2 million+ square feet developed. AREC's differentiator versus traditional bank AD&C lenders is its blend of financial expertise with practical homebuilding and land development experience on staff, enabling fast (60-day average) creative structuring for projects that banks have retrenched from due to regulatory pressures.

Name

Avila Real Estate Capital

Legal name

Avila RE Capital, LLC

Website

https://avilacapllc.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

51–100 employees

Short description

Avila Real Estate Capital is a private credit platform that originates acquisition, development, and construction loans for U.S. residential homebuilders and land developers, managing two debt funds with combined capacity exceeding $900 million and serving top 25 production builders and regional developers.

Ownership category

akta.pro rank

Product category

Residential Real Estate Lending

NAICS

Other Financial Vehicles (52599), Funds, Trusts, and Other Financial Vehicles (525), Finance and Insurance (52)

SIC

Mortgage Bankers & Loan Correspondents (6162), Real Estate Dealers (For Their Own Account) (6532), Loan Brokers (6163)

akta.pro primary industry

Land Acquisition, Lot Development & Construction Financing (AD&C) (FSALAHAI)

akta.pro secondary industries

Real Estate Capital Markets Advisory (Debt/Equity Placement, Refinancing) (BPAJANAE), Real Estate M&A / Joint Venture Advisory (Platform Deals, Partnerships) (BPAJANAF), Debt & Structured Finance / Mortgage Brokerage (BPAJABAK)

Keywords

• Residential real estate lending
• AD&C financing
• Private credit funds
• Land development loans
• Homebuilder finance

Headquarters

HQ city

Corte Madera

HQ country

United States

HQ region

North America

Offices10 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Loan Origination Fees and Interest Income: AREC originates loans for acquisition, development, and construction financing. Revenue is generated through origination fees and ongoing interest income on the loan portfolio. The company has originated over $1 billion in loans since inception in 2022.
2. Investment Banking Advisory Services: Through affiliate Builder Advisor Group, AREC provides M&A advisory and capital raising solutions to homebuilder and developer clients. BAG has advised on more than $30 billion in M&A transactions and has helped raise over $20 billion in capital.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels5 records

Core offering

Avila Real Estate Capital (AREC) originates and services Acquisition, Development, and Construction (AD&C) loans for residential homebuilders and land developers, with loan sizes from $10 million to $300 million. The company also operates dedicated debt funds that deploy capital into first-mortgage AD&C loans across U.S. growth markets, and makes direct equity investments in entitled land and residential development projects in the Sun Belt.

Product overview

AREC operates as an integrated private credit platform combining multiple financial services for the residential development and homebuilding industry. The core offerings include a lending platform providing AD&C financing (Credit Platform), two debt funds exceeding $900M in combined commitments, equity investments in land and development projects, and affiliated services through Builder Advisor Group (M&A advisory) and Pacific InterWest (construction inspection/quality control). The integrated model enables AREC to provide comprehensive capital solutions from land acquisition through vertical construction, addressing financing gaps as traditional banks tighten lending standards.

Differentiator

Problem solved

Functional benefit

Products and services

• AD&C Credit Platform Vertically-integrated lending platform providing Acquisition, Development, and Construction (AD&C) financing to homebuilders and developers. Loan sizes range from $10 million to $300 million with advance rates up to 100% construction LTC and 80-85% development LTC.
• Inaugural Debt Fund First dedicated real estate debt fund providing AD&C first mortgages across key U.S. growth markets, closed with over $700 million in total commitments and co-investments.
• Second Debt Fund Second debt fund targeting $1 billion in total commitments, providing project-level loans for land development and homebuilder revolver lines for vertical construction.
• Equity Investments

Named customers10 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Pacific InterWest (PIW)coreStrategic or Co-development Partner · 9 February 2024AREC announced merger with Pacific InterWest, a leader in housing quality control and risk mitigation services. PIW provides peer plan reviews, course of construction inspections, SB-721 and SB-326 balcony/deck inspections, HERS testing, Title 24 services, water testing, and drone data collection. This merger provides a comprehensive set of services to the housing industry.
• Builder Advisor Group (BAG)coreStrategic or Co-development PartnerAREC is affiliated with Builder Advisor Group, a leading investment bank in the homebuilding industry. BAG has advised on more than $30 billion in M&A transactions and has helped raise over $20 billion in capital. The affiliation provides deep market insight, relationships with hundreds of developers and builders, and enables AREC to structure tailored capital solutions.
• Encore Capital ManagementcoreStrategic or Co-development PartnerAREC is affiliated with Encore Capital Management, where founder Tony Avila was co-founder and general partner overseeing $2 billion in AUM. Encore developed lots for sale to homebuilding companies. The partnership provides operational experience in land development.
• McKinley PartnersminorChannel Partner/ Reseller/ DistributorMcKinley Partners is the lead developer of One Lake master-planned community and worked with AREC/Encore on a $70 million first-lien loan. AREC provided creative financing enabling McKinley to resolve complex transaction issues.

Scale indicators11 records

Recent moves7 records

Expansion highlights7 records

Direct peers

• Verus Mortgage Capital: Verus Mortgage Capital is a non-QM and business-purpose residential mortgage lender with products for investors and developers. Its new construction and renovation lending products compete in overlapping segments with AREC's builder financing platform.
• Lima One Capital: Lima One Capital specializes in residential real estate lending for fix-and-flip, new construction, and rental portfolio investors. It shares AREC's niche focus on financing residential real estate operators and developers with rapid deployment and relationship-based underwriting.
• Kiavi (formerly Patch of Land): Kiavi is a tech-enabled residential real estate lender providing bridge and new construction financing to real estate investors. While more technology-focused, Kiavi competes for the same residential development financing demand that AREC serves in the AD&C space.
• Churchill Real Estate: Churchill provides senior debt and equity for residential and mixed-use development projects, with a focus on middle-market developers. Its land acquisition and vertical construction lending products directly overlap with AREC's AD&C platform serving similar customer profiles.
• CoreVest Finance: CoreVest (acquired by Redwood Trust) is a direct lender to residential real estate investors and developers, providing bridge, fix-and-flip, and new construction financing. Its focus on lending to small/mid-sized residential developers parallels AREC's AD&C platform serving production homebuilders and regional land developers.
• Dwight Capital: Dwight Capital is a senior/middle-market mortgage lender providing debt and equity for multifamily, senior housing, and residential development projects. Its FHA/HUD lending focus and developer relationships are comparable to AREC's AD&C lending platform.
• Pretium Partners: Pretium is one of the largest private residential real estate lenders and investors in the U.S., with a multi-billion-dollar lending and investment platform focused on single-family rental and residential real estate. Like AREC, Pretium provides capital solutions to residential real estate operators and has scaled rapidly through institutional capital, making it the closest comparable in scale and business model.

Broad incumbents

• Arbor Realty Trust: Arbor Realty Trust is a publicly-traded specialty finance company focused on multifamily and single-family rental lending and equity investments. Its scale and platform breadth make it a broader incumbent comparable to AREC's residential AD&C lending focus, though diversified across property types.
• Angel Oak Capital Solutions: Angel Oak is an established alternative credit manager with residential mortgage and structured credit strategies. While broader in scope, Angel Oak's lending to non-QM borrowers and real estate operators represents an institutional alternative competing for similar capital pools as AREC.
• Flagstar Bank Homebuilder Finance: Flagstar Bank operated one of the largest dedicated Homebuilder Finance platforms in the U.S. (now reorganized under New York Community Bancorp). Multiple AREC executives (Brimberry, Cichon, Trujillo) built their careers at Flagstar's HBF division, making it a directly comparable institutional builder finance operation that AREC is positioned to compete with for top homebuilder relationships.

Market position

Weaknesses5 records

Competitive moat5 records

Key risks1 record

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/avila-real-estate-capital

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Avila Real Estate Capital