JP Newman
After a successful corporate career as Vice President of Family Entertainment at Sony Home Entertainment, JP joined Principals Capital Funding in 2000 and began arranging equity capital.In 2005, JP expanded Principals Capital Funding’s presence to Austin, Texas from Los Angeles, California recognizing the strong fundamentals in the Central Texas economy. His first joint venture project in Austin was to arrange the Mezzanine financing and Guarantee for the development of one of the largest climatized storage projects in the U.S., Secured Climate Storage (www.securedclimatestorage.com). The project was named Austin Business Journal’s “Best Industrial Project for 2007″ and achieved stabilized occupancy within its first 18 months of operations.
In 2006, JP assembled and led the largest land acquisition (476-acres) in Williamson County’s history with his partners, Glenmont Capital and Atlantic Coast Development. JP and his partners successfully negotiated a $48 million PUD and economic incentive from the city of Hutto in 2008.In 2007, JP led the financing and purchasing of another large mixed-use development along a commercial intersection of the new SH-130, a 275-acre tract located in Lockhart, Texas, connecting Austin to San Antonio. Marketing efforts have recently launched for this Multi-Family, Retail, and Industrial development called “Centerpoint at Lockhart” (www.cplockhart.com).Identifying the shrinking credit market early, JP launched First Capital Funding, LLC in 2007 as a private money lender, arranging hard/private money loans throughout Texas and has become one of the preeminent companies in Central Texas. (www.fcapfund.com)P is a licensed broker in California and an agent in the State of Texas. He was President of CCIM’s Central Texas Chapter in 2010 leading over 270 local members. A Certified Commercial Investment Member (CCIM) is a recognized expert in the disciplines of commercial and investment real estate and must pass all the courses, transaction requirements and a comprehensive final exam. Of the more than 150,000 commercial professionals in the United States, only an estimated 6 percent hold the CCIM designation. JP is a graduate of University of California, Los Angeles (UCLA) and is an avid mountain biker and boater. He and his wife, Janet, enjoy spending quality time with their two boys.