COMPANY PROFILE
We are experienced lenders, real estate project managers and have actively been investing and lending in real estate for over 20 years. Over these years we've learned that delivering an attractive yield from real estate- based investments while protecting investor principal is best done in a granular setting where the partners experience can be directly applied to each real estate investment made as well as directly managing that investment through to its monetization. Large scale funds may buy real estate or loans based on geography, asset type, or other metrics, while never having met the property owner, the borrower, not underwriting the specific business plan, have never seen the collateral and often outsource the management of that project to a third party. We believe in building our real estate investments from scratch through detailed underwriting, including walking the property followed up by an inspection, developing a detailed rehab budget, negotiating a purchase price that provides at least a 20% profit margin, an personally managing the project from acquisition to sale. These strategies have generated attractive historical yields with no losses, even in fluctuating real estate markets.
Jef Baker
Founding Partner
Jef Baker is a Founding Partner of Black Butte Capital and helps administer direct real estate investing. In his role, Jef oversees working with investor lenders for our real estate projects as well as oversees the day to day activities of Black Butte Capital. Prior to that he was the Managing Partner/CEO of an SEC regulated registered investment advisor, overseeing raising in excess of $200 million in capital in over ten private placements over a seven year period. Previously, and over a twelve-year period, Baker was CFO and then President & CEO of MBank, a $300 million asset bank focused on commercial lending, based in Portland, Oregon, and its publicly held parent, Merchants Bancorp. Responsibilities included overseeing lending, investor relations, human resources, IT, marketing, compliance and operations. He chaired the bank’s lending committee, reviewing and approving commercial loans. As the CFO and in addition to the duties noted, managed the bank’s investment portfolio. Prior to that Baker worked in public accounting for ten years at a local Portland firm as well as KPMG as a Certified Public Accountant and a Senior Manager with a focus on financial institutions.
Ron Hampton
Founding Partner
Ron Hampton is Founding Partner of Black Butte Capital, CEO of Black Butte Investments, a licensed lender and real estate investment company, sourcing real estate investments for the Company. He is responsible for the detailed due diligence and underwriting of each real-estate transaction that meet the Company’s performance and risk management goals. With an extensive background in residential and commercial real estate lending as well as direct real estate investment, Hampton applies over 15 years of both banking experience in developing, underwriting and structuring real estate transactions along with his direct experience in acquiring, rehabbing and monetizing real estate investments. In addition to lending on real estate, Hampton has personally invested and managed over 20 residential real estate rehab projects with successful results on each one. Previously, Hampton was a senior lending officer at MBank, a commercial-focused bank with $300 million in assets under management. His responsibilities encompassed the management of a portfolio of real estate loans, loan approvals and overall credit risk. He was an active participant in the bank’s loan administration department, involved in loan processing, documentation and loan disbursement controls.
