J.P. Newman is President of Operations at Principals Capital Funding, Inc.  After a successful corporate career as the youngest Vice President of Family Entertainment at Sony Home Entertainment from 1994 - 1999, J.P. became business partners with Robert Newman and began arranging equity capital for joint venture partners in 2000.   

J.P. Newman’s track record consists of successfully funding and sponsoring over $75 million in equity capital since 2005, covering a variety of asset classes, including:  1,100 apartment units in California, Texas, and Louisiana; 1,400+ acres of land along Texas State Highway 130 (SH-130); the development of the largest self-storage project in Texas; and the acquisition and management of an 82,000 square foot Hobby Lobby anchored shopping center.   

In 2006, Mr. Newman assembled and initially led the largest land acquisition in Williamson County’s history with his partners, Glenmont Capital and Atlantic Coast Development.  This 476-acre master planned, mixed-use tract is known as The Crossings at Carmel Creek  (www.crossingsofcarmelcreek.com) in Hutto, Texas.  Mr. Newman and his partners successfully negotiated a $48 million PUD and economic incentive from the city of Hutto in 2008, and recently began its leasing and sales efforts in anticipation of a 2009 launch. 

In 2007, Mr. Newman led the financing and purchasing of another large mixed-use development along a commercial intersection of the new SH-130, a 378-acre tract located in Lockhart, Texas.  The overall plan calls for the entitlement and master planning of this mixed-use tract (Multi-Family, Retail, and Industrial) to be anchored by the development of key retail businesses along SH-130 (gas stations, restaurants, supermarkets, and hotels are anticipated).  The project is planning to open at the same time as SH-130, where it will connect Austin to San Antonio in late 2011.

Identifying the recent changing economic cycle, Mr. Newman disposed of most his investors’ apartment portfolio in Louisiana and Southern California.  The eight projects yielded an average of 50%+ project return to the investors over a 24-36 month period.    

Principals Capital Funding is currently expanding its investor offering into private money lending under its new affiliate, First Capital Funding, LLC.  This new company, working with one of its existing partners, has created a $100 million Private Money Financing Program.  First Capital Funding is primarily focused on private money commercial lending.  All existing income-producing properties will be considered for senior bridge financing of $100,000 to $10,000,000, up to 70% LTV.  In addition to direct origination, First Capital Funding is sourcing opportunities to structure senior debt in front of mezzanine or preferred equity financing.

J.P. is a licensed broker in California and an agent in the State of Texas.  He is a graduate of University of California, Los Angeles and is a member of CCIM, RECA, ICSC, ABOR and NAR.  Mr. Newman enjoys mountain biking, boating, and spending time with his wife and two young children.  

Robert H. Newman is President of Investor Relations at Principals Capital Funding, Inc.  Since 1973, Robert Newman has been involved in Commercial Real Estate both as a Broker and a Principal. Since 1973, he has been involved in commercial real estate specializing in Joint Ventures, Equity Capital Formation and the buying and selling of apartments, office buildings and shopping centers. In 1995, Robert H. Newman founded Principals
Capital Funding, Inc., a real estate investment company funded by a group of strong private investors. The company also engages in limited brokering of apartment buildings, retail centers and private lending under its affiliate, First Capital Realty Services.

For 18 years, Mr. Newman was a partner in Jones and Newman, a venture that bought and managed over 5,000 units of apartment buildings, shopping centers, as well as operated major office buildings in the western and southern regions of the United States (Georgia, Texas, California). One of their crowning achievements was the combined purchase of over 1,000 acres of land in Palm Springs, California from 1983-1986, which they sold at large profits to several major development companies. They retained 300 acres of land and in a joint venture partnership with Vista Development Company, developed this land into 186 homes within a master planned community. The venture successfully sold and repaid over $18 million in construction loans over a three year period.

Mr. Newman was nominated Businessman of the Year by the local chapter of the Republican party in 2005 and is an avid boater.

Janice Hochman is Director of Investor Relations and Underwriter for Principals Capital Funding, Inc. Janice is a graduate of California State University, Los Angeles majoring in Psychology. She has worked with the company
for the past five years. She is licensed Real Estate Agent and worked in the mortgage business in Los Angeles for
the past ten years. She has a dynamic personality and is very well liked and appreciated by investors. She has also invested with Principals Capital Funding, Inc.