Blueprint Capital Advisors is set to scale its commercial real estate lending activities and increase its social impact in a new partnership with T30 Capital, a multi-strategy institutional real estate investment and operations platform.
Blueprint, which has $1.4 billion in RIA assets focused on fund and direct investments, will partner with T30 to execute $5 million to $50 million senior bridge and construction loans for a range of property types — including multifamily, mixed-use, hotel and industrial assets within the Northeast Corridor. These investments are also committed to ‘open door sourcing’ to increase lending to minority- and women-owned business enterprise sponsors. Working together the aim is to put $750 million to $2.5 billion to work in a pipeline of loan opportunities.
“We are excited to establish this relationship with T30 at this pivotal point in their evolution,” Jacob Walthour Jr., chief executive officer of Blueprint, added. “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 is a triple-bottom line to this endeavor, and we look forward to a long-term partnership.”
Walthour’s alternative investment firm is focused sourcing and managing fund and direct investments in private credit and other alternative lending strategies including niche direct lending, specialty finance, royalties and advances, real asset related investments and distressed debt strategies. T30 Capital is led by Managing Partners David Schwartz, Margaret Grossman and Jeremy Salzberg. Since 2009, T30 and its predecessor entities have deployed approximately $1.5 billion of capital through more than 250 debt and equity transactions on behalf of its institutional and high net worth investors.
“Blueprint is well-recognized for supporting capital access to and growth of MWBE sponsors, and we are pleased to join forces with a team whose values align with our own,” said Grossman, managing partner and president of T30. “We expect that the net result of our combined efforts will be access to a significant volume of niche and differentiated deal flow that delivers attractive yield and solid downside protection.”
T30’s Schwartz added, “We see a compelling opportunity to build on our core competencies in middle market CRE direct lending, particularly today, in light of recent volatility in equity and fixed income markets, and are pleased to partner with Blueprint to increase our footprint.”