PARTNER WITH REAL ESTATE INVESTMENT AND OPERATIONS COMPANY T30 CAPITAL
Strategic partnership targeting priority bridge financing opportunities along the Northeast Corridor with “Open Door Sourcing” for MWBE sponsors
NEW YORK, June 21, 2022 /PRNewswire/ — T30 Capital LLC (“T30”) announced today that it has entered into a strategic partnership with Blueprint Capital Advisors LLC (“Blueprint”) to expand its commercial real estate lending activities and increase its social impact. Blueprint is a $1.4 billion registered investment advisor with a focus on fund and direct investments in alternative loans. T30 is a multi-strategy, vertically integrated institutional real estate investment and operations platform.
T30 and Blueprint will identify and run $5-50 million senior bridge and construction loans for a range of property types – including multifamily, mixed-use, hotel and industrial properties – along the Northeast Corridor and commitment to open door sourcing to increase lending to minority and women-owned businesses (“MWBE”) Sponsors. T30 and Blueprint will leverage their combined investment experience and deep network of industry relationships to expand T30’s lending capacity and provide credit opportunities to MET sponsors who traditionally face financing challenges in the commercial real estate industry. Together they will try to expand the pipeline of credit opportunities $750 million to $2.5 billion.
Margaret GrossmanManaging Partner and President of T30, said, “Blueprint has a reputation for supporting MWBE sponsors’ access to capital and growth, and we are pleased to work with a team whose values align with our own. We expect that the net result of our combined efforts will be access to a significant volume of niche and differentiated deal flows that offer attractive returns and robust downside protection.”
Jacob Walthour Jr.Blueprint’s Chief Executive Officer, added, “We are excited to form this relationship with T30 at this pivotal point in their development. Together we will create compelling opportunities for investors while providing MWBE-led real estate projects with access to capital and accelerating the growth of T30’s lending platform. There are three reasons for this endeavor, and we look forward to a long-term partnership.”
T30 is a women-led firm and is comprised of a multidisciplinary team of real estate underwriting, legal and structured finance professionals who have a combined experience of over 50 years developing creative loan structures and delivering value through operational and strategic support to borrowers. T30’s debt financing platform, formerly known as Fort Amsterdam Capital (“FAC”), is led by Ms. Grossman, the firm’s Managing Partner. David Blackand Jeremy Salzbergthat have deployed through FAC and the company’s predecessor subsidiary $1.5 billion Capital through more than 250 real estate transactions through debt and equity, including 40 loan transactions through former FAC Funds I and II.
Mr. Schwartz concluded, “We have worked diligently and strategically to expand our team, expertise and platform so that we are best positioned to capitalize on opportunities as they arise in the marketplace. We see a compelling opportunity to build on our core competencies in direct lending to mid-market commercial real estate, particularly today given the recent volatility in equity and fixed income markets, and we are excited to partner with Blueprint to expand our footprint.”
About T30 Capital LLC
T30 Capital is a vertically integrated, institutional, multi-strategy real estate investment and operations platform led by Managing Partners David Schwartz, Margaret Grossman and Jeremy Salzberg. Since 2009, T30 and its predecessor units have deployed approximately $1.5 billion Raised capital through more than 250 debt and equity transactions on behalf of its institutional and high net worth investors. For more information, visit: https://www.t30capital.com/.
About Blueprint Capital Advisors LLC
Blueprint Capital Advisors LLC is an independent, privately held alternative investment firm focused on raising and managing funds and direct investments in personal loans and other alternative lending strategies, including niche direct lending, specialty financing, royalty and advances, real asset investments and distressed debt -strategies. The firm is registered and consulted with the Securities and Exchange Commission $1.4 billion of assets. For more information, visit: https://blueprintllc.com/
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SOURCE Blueprint Capital Advisors