A Better Finance Network, Built for the Builders

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About Us

Builder Circle is a Midwest-based lending company that provides developers, home builders, rehabbers, and real estate investors with a better, more practical, and more efficient approach to the loan underwriting and construction draw processes.

As experienced real estate lenders with deep roots in the home building industry, we have an intimate understanding of the challenges that our borrowers face and how we can be a value-add partner by eliminating common inefficiencies and providing fast, reliable capital.

At Builder Circle we believe in establishing lasting relationships with our borrowers, and we have the capital, experience, and resources necessary to help them thrive.

Quick Facts

0 years

Our leadership team has over 100 years of combined professional experience

$0m +

in total loan originations funded by Builder Circle to date

0 days

Fast, efficient closings — as quickly as 7 days

0 hours

We have a modern, efficient draw process utilizing virtual inspections. We fund draws within 72 hours of a completed inspection

Seamless Lending

We are a direct lender, and we process, underwrite, fund, and service all of our loans

Loan
Products

Builder Circle offers a wide variety of loan products to businesses across the country, specializing in the following:

Development
Loans

  • Financing for both land acquisition and development costs
  • Up to 85% loan-to-cost
  • Up to 75% loan-to-value (as completed)

Rehab
Loans

  • Financing for both land acquisition and rehab costs
  • Up to 90% loan-to-cost
  • Up to 75% loan-to-value (as repaired)
  • $65,000 minimum loan size

Acquisition and
Bridge Loans

  • Financing for land acquisition
  • Refinancing / cash-out financing for land already under ownership
  • Up to 70% loan-to-value (current)

Rental
Loans

  • Financing for single family rental properties
  • Financing for multifamily rental properties
  • Max loan amounts determined based upon property value and DSCR

Builder Circle currently lends in 18 states across the country.

Circle Benefits

With Builder Circle, the perks go far beyond financing.

Builder Circle borrowers have access to exclusive partner benefits, including cash management services, supplier and trade discount programs, and access to our ever-expanding network of industry partners.

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Broad Reach

Based in the Midwest, we have experience lending across the country to companies of all sizes and in support of a variety of project types.

Focused

We have simplified the borrowing process for many of our borrower partners that previously relied on friends and family capital or burdensome web-based lenders.

Invested

Our borrower partners work directly with our leadership team and decision makers. We’re with you, every step of the way.

Proven

We have successfully assisted numerous borrower partners in scaling their businesses year over year by providing the capital needed for project growth.

PARTNERSHIPS

At Builder Circle we create profitable collaborations.

In addition to offering our core lending products, Builder Circle welcomes the opportunity to partner with industry brokers, nonprofit organizations, and emerging real estate and PropTech companies across the country.

  • We have identified creative ways to assist emerging companies focused on short-term and vacation rentals, second home ownership, modular housing, and other specialty areas.
  • Our seasoned capital markets team is available to assist our partners in identifying institutional capital in the form of common equity, preferred equity, senior debt, and mezzanine debt.

Please Contact Us to discuss our unique partnership offerings.

Builder Circle has partnered with Land Gorilla to provide our borrowers with an efficient and intuitive software platform to streamline construction draws. Land Gorilla's platform utilizes remote, video call inspections to ensure that appointments are quick and easy to schedule and draws are funded expeditiously to drive projects forward and reduce delays.

Builder Circle has engaged Salesforce to bring a best-in-class, bespoke software platform to our borrower and broker partners to promote transparency and streamline the exchange of information every step of the way (v1 expected in Q3 of 2025).

Builder Circle is a proud and exclusive partner of Ready Life. Together, we rehabilitate and develop single family homes in strategic cities across the Midwest with the goal of providing home ownership opportunities and educational resources to underserved and overlooked communities in the United States.

About Us

For Builders,
by Builders

With over 50 years of capital markets experience, 20 years of home building experience, and more than a decade of real estate and construction lending experience, the Builder Circle leadership team are experts in both the residential construction and finance industries.

Our Leadership

Bruce Bloomingdale
Chief Executive Officer
Co-Founder
Bruce Margulis
President
Co-Founder
Bryan Thomas
Chief Financial Officer
Doug Rahaim
Chief Revenue Officer
Charles Simond
Chief Capital Officer
Jonathon McFate
Chief Risk Officer
Bruce Margulis
President
Co-Founder
Bruce Bloomingdale
Chief Executive Officer
Co-Founder
Bryan Thomas
Chief Financial Officer
Doug Rahaim
Chief Revenue Officer
Charles Simond
Chief Capital Officer
Jonathon McFate
Chief Risk Officer

Meet the Team

Josh Abraham

Accounting

Eric Bloomingdale

Senior Relationship Management

Jack Bloomingdale

Accounting and Capital Markets Intern

David Duggan

Senior Relationship Management

Lisa Guastella

Loan Servicing Management

Darrell McCracken

Salesforce Consultant

Mandy Morgan

Draw Specialist

Jennifer O'Brien

Loan Processing and Underwriting

Chelsi Overton

Loan Servicing Specialist

Taylor Scott

Draw Specialist

Alena Talbot

Closing Specialist

Brittany Tarnuzzer

Loan Processing

Cristiana Vukobratovich

Relationship Management
Bruce Bloomingdale
Chief Executive Officer

Bruce Bloomingdale brings a wealth of knowledge at the intersection of homebuilding, finance, and law to his role as CEO of Builder Circle. Bruce is a licensed attorney, a co-owner of Bloomingdale Homes–a multi-generational Midwest homebuilder–and has served as a structured finance partner at top 20 global law firms in New York and London. He has earned industry recognition from Legal 500 (Tier One) and Chambers (Band One). With deep roots in finance and residential construction, Bruce is dedicated to helping his borrower partners thrive while constantly improving the BC platform.

Bruce Margulis
President
Co-Founder

Bruce Margulis brings a genuine passion for real estate development and relationship building to his role as President of Builder Circle. Prior to co-founding the Company, Bruce worked for a decade as a licensed transactional attorney with a specific focus on financial services and mergers and acquisitions (frequently recognized by Super Lawyers and Best Lawyers in America). At present, Bruce dedicates his time to establishing and managing the Company's key borrower partnerships as well as project finance structuring. Bruce was born and raised in the Metro Detroit area and is a proud graduate from the University of Michigan.

Bryan Thomas
Chief Financial Officer
Co-Founder

Bryan Thomas is the Chief Financial Officer of Builder Circle, bringing extensive financial leadership in real estate development to his role. Previously, Bryan was the Division Controller in Cleveland at PulteGroup–the third-largest homebuilder in the United States–focusing on financial strategy and operations. Bryan has also been involved in the success of several co-working ventures and commercial real estate projects. As a licensed CPA and real estate agent, Bryan leverages his deep industry knowledge to drive Builder Circle’s continuous growth.

Doug Rahaim
Chief Revenue Officer

Doug Rahaim is the Chief Revenue Officer of Builder Circle. Doug is both a licensed realtor and a seasoned residential developer, having managed and completed hundreds of ground up and rehab projects in the Midwest. Prior to joining BC, Doug became a founding agent and team leader at DOBI-one of the highest producing real estate broker teams in the Metro Detroit area. Doug's proven track record in residential real estate investment and development strengthens Builder Circle’s position as an innovative industry leader.

Charles Simond
Chief Capital Officer

Charles Simond is the Chief Capital Officer at Builder Circle, bringing over two decades of global structured finance experience across Europe, Asia, and the United States. Before joining Builder Circle, Charles held various roles in international securitization origination, structuring, and financing at J.P. Morgan. Charles' understanding of capital markets and financial strategy positions Builder Circle as a best-in-class financial partner to builders and real estate investors across the country. Charles has a Bachelors of Science in Economics and a Masters in Finance.

Jonathon McFate
Chief Risk Officer

With over 20 years of experience in real estate lending, Jonathon brings deep expertise in governance, operations, and project management to Builder Circle’s leadership team. A PMP-certified professional, Six Sigma Black Belt, and licensed mortgage broker, he has a proven track record of driving operational efficiency, ensuring regulatory compliance, and leading complex initiatives to successful completion. His strategic insight and leadership have consistently delivered results across a wide range of real estate finance projects.

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