Avila Real Estate Capital (AREC), private credit provider to the U.S. homebuilding industry, has held a second close for its latest debt fund, bringing total capital closed to approximately $200 million.
D.R. Horton, Toll Brothers and Century Communities, three of the largest U.S. homebuilders have invested in the fund. These industry leaders participate alongside a diversified group of institutional investors, insurance funds, public and corporate pensions, and family office investors. The fund continues to target $1 billion in total capital and expects to hold its final close on June 30, 2026.
The second fund builds on AREC’s established strategy of providing structured senior credit solutions to land developers and homebuilders, including project-level, first mortgage loans for land development and first lien revolver facilities to support vertical construction. The strategy is designed to address the ongoing structural undersupply of housing in the United States
