Pavilion at IBS to Help NAHB Members Line Up Financing
Responding to the severe financing challenges that many NAHB members continue to experience when they attempt to line up credit for viable new and existing projects, the upcoming International Builders’ Show (IBS) in Las Vegas will be offering a Partnership Pavilion where association members can discuss their funding needs with representatives from a variety of capital sources and financing advisors.
“The severe lack of available credit for acquisition, development and construction (AD&C) financing constitutes a significant threat to thousands of home building and development companies, as well as to the immediate and long-term future of the housing industry,” said NAHB Chairman Joe Robson.
“Given the current situation, an innovative approach was called for to help our members find new sources of debt and equity financing while reinvigorating the traditional sources of housing credit, and that is the aim of the Partnership Pavilion,” Robson said.
With roughly 80% of all new housing in the U.S. built by NAHB members, and with 95% of the association’s members acting as the key decision makers within their business, “It just makes sense to provide a confidential setting within the IBS for such professionals to meet one-on-one with potential new backers for their projects,” he said.
The Partnership Pavilion will be centrally located, with private office space and concierge services.
NAHB members who are interested in participating in the Partnership Pavilion at the IBS need to qualify prior to the show by providing specific information on their proposed projects. NAHB is currently developing an online form for this purpose; to be notified when this form is available, click here.
Several funding sources will be reviewing the project information submitted by builders and developers, and those who are interested in exploring a given deal will be able to schedule a meeting at the pavilion with the designated applicant.
The pavilion will be open on Tuesday, Jan. 19 from noon to 5:00 p.m.; on Wednesday, Jan. 20 and Thursday, Jan. 21 from 9:00 a.m. to 5:00 p.m. and on Friday, Jan. 22 from 9:00 a.m. to noon.
Click here to view a brief video in which NAHB CEO Jerry Howard explains how the association is pursuing this unprecedented effort to help get credit flowing back to housing by helping its members find and reinvigorate new and traditional sources of housing finance.
For more information, e-mail David Ledford at NAHB, or call him at 800-368-5242 x8265.