Rob Newell: A vision of wealth

Black Hawk Funding represents over 200 large investors nationwide


Sitting in Rob Newell's office in the Riverstone development, one of the first things you notice is the view of the Spokane River. It is spectacular, but then the stacks of paper that are neatly organized on his desk come into focus.

The documents are multi-million dollar development deals, investment capital proposals and big loan requests — and it's clear there's another river flowing here that many people have never heard of: Black Hawk Funding.

The Bridge Lending and Venture Capital business has clients across the country, primarily in Southern California and Northern Idaho. The 10-year-old concern has offices in Coeur d'Alene and in La Quinta, Calif.  

Black Hawk Funding caters to wealthy individuals and specializes in making the affluent wealthier through complex and diverse banking initiatives.  Black Hawk represents over 200 large investors nationwide.

“Our accredited investor clients have an annual income of at least $200,000 and a net worth of at least $1 million,” says Newell. “We have a huge track record of earning no less than 9 percent annually for our investors, over the last 10 years, in secured real estate transactions."

Black Hawk Funding's management has funded more than $4 billion in capital venture projects, including $60 million in new projects in 2016.

 “We're on pace to complete $100 million in 2017,” Newell says. “One of our most successful projects was the Riverstone Waterfront Development next to our office here in Riverstone.  We bought the property from Wells Fargo, which was previously owned by Marshall Chesrown.  We then developed the property into 25 waterfront lots and 25 secondary lots and finished the boardwalk.  All the Lots were sold within a year at a significant profit for our investors."

 Newell then offers details about other local projects in Priest River and a $15 million ski-in and ski-out village project at 49 Degrees North near Spokane that are delivering big returns for their investors. They built a large airplane hangar facilities near their offices in Southern California.  In addition to producing great returns for their investors, Newell is also proud that each project produces many jobs and great contributions to their local economies.

 Black Hawk Funding provides direct lending to commercial borrowers in need of bridge financing for construction projects, acquisitions, refinances, and bankruptcy bailouts.  

 “Our borrowers are typically high net worth individuals who would rather pay a premium to us in exchange for our ability to close a transaction quickly without lengthy approval processes,” says Newell. “We have key banking relationships that give our borrowers the added bonus of a potential take-out loan once our financing with them matures. We also entertain mezzanine financing opportunities as well as credit enhancements.”

Mezzanine financing is a hybrid of debt and equity financing that gives the lender the rights to convert to an ownership or equity interest in the company in case of default, after venture capital companies and other senior lenders are paid.

Newell grew up in Southern Idaho, attending the University of Idaho and earning an MBA in finance. From there he worked in the financial service industry with stops at E.F. Hutton, Lehman Brothers, Prudential and Bridge Capital in the U.S. Virgin Islands.

 Rob has been married to his wife, Martha, for 35 years and they have raised two children. He is a pilot and enjoys playing golf and tennis.  His companies support the Kootenai County and Riverside County Boys and Girls Club, and other causes in need, with charitable donations.

 His plans for the future are ambitious.

 “Our ultimate goal is to become a billion dollar company in the next three years,” Newell says. “My brother Mike came on board and is our COO. He's taken us to another level.”

 The company is named after Mike and Rob's late father, Jack “Black Hawk” Newell, who lived an extraordinary life fit for the silver screen.  Jack Newell was a World War II Naval fighter pilot and a professional baseball player. After the war, Jack went to work for the FBI and became one of J. Edgar Hoover's top lieutenants. He battled communism in America and his codename was “Black Hawk.”

 “Shortly before my dad died, I asked him if he we could name our company after him and he agreed,” says Rob. “It was a powerful moment. My dad's legacy would live on.”

 --Written by Marc Stewart, Director of Sponsored Content

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