SEATTLE, Aug. 10, 2011 (GLOBE NEWSWIRE) -- Blueprint Capital, LLC, the leading residential construction lender in Seattle, Washington, today announced that Jon Coombes has joined Blueprint, effective immediately. As Blueprint's business development manager and loan officer, Coombes will primarily be working with builders on new loan originations and marketing.
Coombes was a Vice President with Northmarq Capital, one of the largest real estate investment banking firms in the nation, headquartered in Minneapolis. Working on closed transactions totaling more than $300 million, Coombes facilitated the placement of debt and equity for multifamily, office, industrial and retail properties, sourcing the debt from insurance companies, Freddie Mac, Fannie Mae, FHA (HUD), banks, credit unions and mezzanine lenders. Coombes is also the founder of Corpsurf, a conceptualized and self-funded data aggregation website focused on the commercial real estate industry. Corpsurf is headquartered in Seattle.
"Jon is one of our early investors and we are delighted to have him join our growing company. His leadership skills and proven expertise in complex financing transactions will be of great value to Blueprint as we continue to position ourselves for future success," said Dan Duffus, Co-founder and Chief Executive Officer. "Jon also brings a true entrepreneurial spirit to the team, and I look forward to working with him as we continue to grow our loan portfolio and expand development services for our builder customers."
After receiving his Bachelor of Business Administration, with a major in finance, at Pacific Lutheran University in Tacoma, WA, Coombes earned his Master of Business of Administration with an Entrepreneurship Concentration from Queensland University of Technology in Brisbane, Australia.
ABOUT BLUEPRINT CAPITAL, LLC
Blueprint Capital is the leading residential construction lender in Seattle, Washington. As a specialty financing company, Blueprint provides loans and development services to builders of smart, smaller-scale construction among Seattle's urban neighborhoods. Using a unique, co-operative business model, Blueprint pools the resources of builders, suppliers and community stakeholders enabling local builders to meet housing demand. In addition to financing, Blueprint provides its customers with design, permitting and marketing services including ready to build projects. Blueprint's goal is to continue expanding its builder and capital base along with an efficient operations platform. www.blueprintcap.com