Blueprint Capital Earns $930000 in First Quarter 2012
18.05.12
SEATTLE, May 02, 2012 (BUSINESS WIRE) --
Blueprint Capital, LLC, the leading residential construction
lender in Seattle, today reported its ninth consecutive quarterly
profit. Earnings increased 145% to $929,896 for the first quarter ended
March 31, 2012, compared to $380,083 for first quarter a year ago.
Blueprint continues to successfully execute on its specialized business
model that uniquely blends builder investment, local expertise and
technology to create reliable financing for its customers and stable
returns for its investors.
"We embarked on our third year of operations with another quarter of
solid earnings," said Dan Duffus, Co-founder and Chief Executive
Officer. "We funded 29 loans in the first quarter, totaling $17.2
million, again reflecting strong loan originations for our member
builders. Our focus is on smart, smaller-scale 'in-fill' development.
Our growth and portfolio quality is greatly attributed to our ability to
help our member builders identify viable in-fill projects and navigate
the complex entitlement process. This value-added 'Blueprint Advantage'
is what sets us apart. In fact, we provided development services for
approximately 79% of the residential projects we funded in the first
quarter of 2012." Blueprint Capital is the number one residential
construction lender in Seattle and focuses on eco-friendly and energy
efficient homes. Their builder members are leaders in
environmentally-conscious building practices.
Source: MarketWatch (press release)
Should I Buy a Home…With Someone Other than My Spouse?
18.05.12
Married couples enjoy some inherent protections under the law in case of death, divorce or other unforeseen personal tragedies. These protections and advantages include property transfers, divisions of equity and the ability to file a joint tax return to ensure both parties reap the benefits of the mortgage deduction come April 15th. Unmarried couples, friends or business partners are afforded none of these basic protections and benefits.
If you’re not married, don’t fret. Unmarried people, whether they are domestic partners, old friends or business associates, are coming together more and more to take advantage of a very pliable real estate market. However, before you and your partner jump headlong into the maw of financial partnership and buy a home together, here are a few things you should consider before signing on the dotted line.
Get it in Writing
Nobody likes to discuss the financial pitfalls and potential failures of any relationship, be it personal, romantic or even professional. That said, if you and your partner are serious about buying a house together, put everything you agree upon in writing.
Source: Go Banking Rates