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First United  Builder Finance Group

What We Do


Our Commitment to Homebuilding

First United Bank is committed to helping our customers find their path to success and we believe this starts with establishing new communities.

Our Builder Finance Group targets large and small residential builders and developers in Oklahoma and Texas. We're quickly becoming one of the most active lenders to the most reputable construction companies in these areas. We have a cadre of specialists inside and outside of the bank who have dedicated their careers to making homebuilding and residential land development easier.

We understand that low volume and high volume builders need specialized service, and our staff is trained and systems are geared to meet this need. Our lenders are familiar with the real estate in their markets and rely heavily on our expert engineering, legal, housing data consultants to help remain informed about the housing markets they serve.

What We Do

First United's Builder Finance Group specializes in financing "for sale" housing builders and developers. This includes custom and volume homebuilders, and residential developers.

Our specialists are skilled in providing financing for:

  • Entitled Raw Land
  • Land Acquisition and Development
  • Finished Developed Lots
  • Interim Construction of detached and attached single family homes

Learn more about First United's Purpose and Values.

Loan Products


Loan Types

Interim Construction Loans

First United's Builder Finance Group offers construction financing for all "for sale" housing product. This includes single family detached homes, townhomes, and low-rise condominiums. Loan facilities include guidance and committed construction revolvers, borrowing base revolvers, all containing sublimits that balance risk and reward. The sublimits allow for models, speculative units, and finished developed lots. Draws and inspections are handled by industry specialists and funded as frequently as the clients prefers. Our loan pricing is competitive. The structure of these facilities is designed to support our builder's style of construction.

Lot Facilities

First United Bank understands that our builder clients need access to finished lots and appropriately structured financing to acquire those lots for future construction. Our finished developed lot facilities are designed and structured exclusively to meet this need. These facilities are designed to soften bulk takedowns imposed by developers or aggressive takedown schedules in lot option contracts. The loan advance rates and pricing are competitive.


Land Acquisition and Development Loans

First United's Builder Finance Group finances land development to single family residential lot developers and homebuilders that develop their own lots. The structure of these loans is designed specifically to meet the developer where they are. We consider the housing product-type, the expected absorption, and the structure of builder contracts. We will also finance entitled raw land. Our advance rates and pricing are competitive.

Recent Transactions


Recent Transactions

Altura Homes

Altura Homes
Dallas and Ft. Worth

$8,000,000
Guidance Construction Revolver

Altura Homes

Altura Homes
Dallas and Ft. Worth

$2,000,000
Finished Lot Facility

Newport Homebuilders

Newport Homebuilders, LLV
Dallas, Ft. Worth and Lantana
$2,500,000
Guidance Construction Revolver

American Legend Homes

American Legend Homes
Dallas and Ft. Worth

$20,000,000
Borrowing Construction Revolver

Republic Property Group

Republic Property Group
Light Farms, Prosper, TX

$17,100,000
Participation Development

Grenadier Homes

Grenadier Homes
Dallas and Ft. Worth

$2,800,000
Construction Revolver

Shaddock Homes

Shaddock Homes
Dallas and Ft. Worth

$8,000,000
Construction Revolver

Impression Homes

Impression Homes
Dallas and Ft. Worth

$5,500,000
Construction Revolver

Altura Homes

Altura Homes
Dallas and Ft. Worth 
$10,000,000
Construction Revolver

Wilbow Development

Wilbow Development 
Flower Mound, TX

$6,800,000
Acquisition & Development

History Maker Homes

History Maker
Joint with Rendition Homes
$10,000,000
Construction Revolver

Rendition Homes

Rendition Homes
Joint with History Maker
$10,000,000
Construction Revolver

Megatel Homes

Megatel Homes
Dallas and Ft. Worth

$5,000,000
Construction Revolver

Highland Homes

Highland Homes
Dallas and Ft. Worth


Construction Revolver

Dunhill Homes

Dunhill Homes
Dallas and Ft. Worth

$6,000,000
Construction Revolver

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Contact Us


Contact our Builder Finance Group today!
Wendell Gamble
Wendell Gamble
Director of Builder Finance
O: (940)349-5608
C: (214)906-2237
wgamble@firstunitedbank.com
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