November 19, 2009 - Wall Street and Main Street will come together at the International Builders’ Show® (IBS) this January, thanks to an exciting new offering called the Partnership Pavilion that is being developed by the National Association of Home Builders (NAHB).
“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, a home builder from Tulsa, Okla. “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.
“NAHB members build roughly 80 percent of all new housing in this country every year, and about 95 percent of them are the key decision-makers within their business – including presidents, CEOs, owners and managing partners,” Robson continued. “Many of them are already planning to travel to the International Builders’ Show (IBS), which is the largest and best-attended annual building industry tradeshow in this country. It just makes sense to provide a confidential setting within that venue for such professionals to meet one-on-one with potential new backers for their projects.”
As envisioned, the pavilion will be a centrally located forum with private office space and concierge services at the International Builders’ Show, which takes place Jan. 19-22 at the Las Vegas Convention Center. Here, NAHB members will have the opportunity to discuss their funding needs with representatives of a variety of capital sources and financing advisors.
Builders and developers who are interested in participating in the Partnership Pavilion will need to qualify in advance of the show by providing specific information on their proposed projects via an online portal soon to be available on NAHB’s Web site. At that time, potential funding sources will review the information, and those who are interested in further exploring a given deal will be able to set up a meeting at the pavilion with the designated applicant. Additional information and a sign-up form for financing and investment companies who wish to participate are available at: www.nahb.org/partnership.
“At a time when credit for housing production is extremely difficult to come by, we hope that the Partnership Pavilion will provide a new channel through which home builders, developers and potential investors can communicate and conduct business while attending our industry’s most important trade show of the year,” said Robson.
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