Blueprint Capital raises $50m for REIT fund

Blueprint Capital, the Seattle-based firm that helps local builders develop and finance small-scale residential housing, has raised $50 million for Blueprint Capital REIT, according to a filing with the SEC. The firm did not comment on its fundraising efforts.

Blueprint Capital is seeking to raise $100 million for the real estate investment trust fund, according to the filing. The minimum investment is $50,000.

Blueprint Capital helps create a better lending model — along with a technology platform and trusted brand — to serve the Seattle market. Its lending model serves this market by combining construction financing — which by itself is a commodity product — with value-added development services for an end-to-end builder solution. Blueprint supports its customers through all four phases of the project lifecycle:  Blueprint sources projects through its