SEATTLE, WA – May 2, 2012 – Blueprint Capital, LLC, the leading residential construction lender in Seattle, today reported its ninth consecutive quarterly profit. Earnings increased 145% to $929,896 for the first quarter ended March 31, 2012, compared to $380,083 for first quarter a year ago. Blueprint continues to successfully execute on its specialized business model that uniquely blends builder investment, local expertise and technology to create reliable financing for its customers and stable returns for its investors.

“We embarked on our third year of operations with another quarter of solid earnings,” said Dan Duffus, Co-founder and Chief Executive Officer. “We funded 29 loans in the first quarter, totaling $17.2 million, again reflecting strong loan originations for our member builders. Our focus is on smart, smaller-scale ‘in-fill’ development. Our growth and portfolio quality is greatly attributed to our ability to help our member builders identify viable in-fill projects and navigate the complex entitlement process. This value-added ‘Blueprint Advantage’ is what sets us apart. In fact, we provided development services for approximately 79% of the residential projects we funded in the first quarter of 2012.” Blueprint Capital is the number one residential construction lender in Seattle and focuses on eco-friendly and energy efficient homes. Their builder members are leaders in environmentally-conscious building practices.

First Quarter 2012 Highlights (at, or for the period ended March 31, 2012):

• Average market time for Blueprint-funded homes was 17 days.
• Return on average assets (annualized) was 10.1%, and return on average equity was 17.1%.
• Blueprint Capital profits grew 145% to $929,896, from $380,083 earned in the first quarter a year ago, marking its ninth consecutive quarterly profit.
• Funded 29 loans for a total of $17.2 million.
• Equity to assets was 60% at quarter end.
• Superior operating efficiencies with an efficiency ratio of 26.3%.
• Operating expense/average assets ratio ended the quarter at 3.2%, on an annualized basis.

“Blueprint continues to make major strides in developing our propriety software platform called Blueprint Connect™,” said Mark Knoll, Co-founder and Chief Financial Officer. “Blueprint Connect™ completely integrates the origination, funding, servicing and risk management functions of our lending operation. The functionality and underlying technology is designed to scale with our growth and provides a platform for the Blueprint business model to expand into other markets.”

“Seattle continues to be a vibrant market and we are seeing accelerating demand within the city limits for entry and mid-level homes,” Knoll continued. “According to Jon Talton of the Seattle Times in his March 17th column, Seattle is not only healthy but it’s booming again, which is a real and broad advantage to the entire region. Consequently, Seattle’s urban neighborhoods are also flourishing which is good for Blueprint as demand for new housing gets stronger.”

Talton further noted, “More jobs are being created too. In fact, over the past year, regional employment has increased at twice the national rate, 2.9% compared to 1.5%. Amazon’s new headquarters could bring as many as 12,000 high-paid jobs to the area. In addition, The Bill and Melinda Gates Foundation has opened its new campus and Boeing is leasing space in downtown Seattle.”

“So, the trend continues which can only be good news for Blueprint as we remain committed to financing the excellent development opportunities within Seattle’s urban neighborhoods,” added Knoll. “One of our biggest challenges to growth is raising capital. We continue to seek new investors to expand capacity and are working on a $20 million secured debt offering tailored for investment funds and high net worth individuals.”

“We are very pleased to have been invited again to attend the 14th Annual D.A. Davidson & Company Financial Services Conference on May 9 and 10, at the Bell Harbor Conference Center in Seattle,” added Duffus. “This event is well-attended by top community bank CEOs, financial analysts and investment bankers.”

At March 31, 2012, Blueprint held 107 loans in its $57.6 million portfolio, with 88% of that dollar figure dedicated to new home construction. Of the remaining portfolio, existing home rehabilitation accounted for 7% and 5% was for land acquisition and development or other purpose. By dollar amount, 91% of loans are secured by detached one- to four- family homes, 5% of loans are secured by multifamily properties, and 4% by commercial and land under development.

Review of Balance Sheet and Operations

Total assets grew 78% to $36.9 million at March 31, 2012 from $20.6 million a year ago and increased slightly from $36.5 million at December 31, 2011. Blueprint’s primary investments are its loans, which make up 95.7% of total assets. With no nonperforming loans at the end of March 31, 2012, the remaining assets are held in cash, which is used for working capital and security for bank lines of credit.

Net loans, excluding unfunded commitments and deferred loan fees, totaled $35.0 million at quarter end, almost double the net loans of $17.9 million at March 31, 2011 and up from $33.3 million at December 31, 2011. Gross loans receivables grew to $57.6 million at March 31, 2012, up 97% from $29.3 million a year ago. Gross loans at the end of December totaled $53.8 million.

“We continue to maintain a strong balance sheet with an equity to asset ratio of 60%. Our current debt ratio remains very low at 0.65 to 1, with a target of 2 to 1,” said Knoll. “While preserving the strength of our balance sheet, we want to conservatively increase leverage and, at the same time, increase our return on equity. Any additional capital is used to grow our loan portfolio, which increases our market share.”

Net interest income, after interest and other direct loan expenses, more than doubled to $1.1 million in the first quarter, compared to $524,767 in the first quarter a year ago, and grew 5% from the quarter ended December 31, 2011. Blueprint’s annualized return on average assets was 10.1% and return on average equity was 17.1% in the first quarter.

The efficiency ratio, which measures overhead expense as a percent of revenue was 26.3% in the first quarter, compared to 24.2% from the preceding quarter. At March 31, 2012, members’ equity grew 62% to $22.2 million from $13.7 million a year ago.

About Blueprint Capital, LLC

Blueprint Capital, a specialty finance company, is the leading residential construction lender in Seattle, Washington. Blueprint provides loans and development services to builders for smart, smaller-scale construction among Seattle’s urban neighborhoods. Using a unique, co-operative business model, Blueprint pools the resources of builders, suppliers and community stakeholders enabling local builders to meet housing demand. In addition to financing, Blueprint provides its customers with design, permitting and marketing services including ready to build projects. Blueprint’s goal is to continue expanding its builder and capital base along with an efficient operations platform. www.blueprintcap.com

Safe Harbor Statement

This news release contains comments or information that constitutes forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995) that are based on current expectations that involve a number of risks and uncertainties. Actual results may differ materially from the results expressed in forward-looking statements. Factors that might cause such a difference include changes in interest rates and interest rate relationships; demand for products and services; the degree of competition by traditional and non-traditional competitors; changes in banking regulation; changes in tax laws; changes in prices; levies and assessments; the impact of technological advances; governmental and regulatory policy changes; the outcomes of contingencies; trends in customer behavior as well as their ability to repay loans; changes in the national and local economy; and other factors, including risk factors, referred to from time to time in filings made by Blueprint Capital, LLC. Blueprint Capital, LLC, is a private company and undertakes no obligation to update or clarify forward-looking statements, whether as a result of new information, future events or otherwise.

To Our Members:

In our second full year of operations, Blueprint Capital achieved the goals we laid out last year and remained Seattle’s number one residential construction lender. At year end, our Seattle portfolio of one- to four- family construction loans ranked us sixth among the same portfolio segment of Washington’s community banks. Our success continues to demonstrate the strength of our business philosophy that combines builder investment, local expertise and technology to create reliable financing for our customers and stable returns for our investors. We are very proud of our accomplishments in 2011, which include the following:

• Blueprint Capital earned $2.5 million, up 253% from the $702,000 earned in 2010.
• Returned an average of 10.75% on our members’ equity investment.
• Funded 131 loans for a total of $62.1 million; double the dollar volume from a year ago.
• Increased available debt financing to $19.1 million from $10.9 million in 2010.
• Raised an additional $9.3 million in equity capital bringing total investment capital to $20.0 million
• Expanded our financing of eco-friendly, “green” building projects, becoming the leader in this fast
growing segment.
• Finished the Morgan Junction 7-unit joint venture development project with 3 sales in 2011 and 4 pending for
first quarter 2012.
• Excellent asset quality, with no non-performing loans since inception.

The Seattle market continues to see strong demand for new housing. Demand is primarily driven by job growth which in turn drives loan growth. Our region is home to some of the most prominent and varied companies in the nation: Amazon, Costco, Starbucks, Nordstrom, and of course, Boeing and Microsoft. Despite the recession, Puget Sound companies continue to add well-paying jobs. Along with jobs, population growth drives housing demand. From 2000 to 2010, the population within the City of Seattle grew by over 45,000 people to 608,660, an increase of 8%. This trend is likely to continue.

We believe that more jobs and more people will continue to offer excellent opportunities for development within Seattle’s urban neighborhoods. This type of smart, smaller-scale development is our focus and commonly known as “in-fill” development. Housing can be provided as multiple units built on the same lot or by creating new lots through subdivision and lot line adjustments. In-fill development, even for the smallest projects, is complex and requires local expertise. Our growth and portfolio quality is greatly attributed to our ability to help our member builders source viable in-fill projects and navigate the complex entitlement process. In fact, we sourced or provided development services for about 66% of the projects we funded in 2011. We call this value-added service the “Blueprint Advantage”.

Another driver of growth is the emerging demand for eco-friendly and energy efficient homes. Commonly known as “built green”, these homes are certified through third party programs and provide a healthier alternative to traditional construction. Blueprint works to prioritize green projects, and we are proud of our builder members who are leaders in environmentally-conscious building practices.

As part of our efforts to manage growth, improve our competitive advantage and maintain a high level of service, we have created a new proprietary software suite called Blueprint Connect™. This comprehensive platform will facilitate the origination, funding, servicing and reporting of our lending operation. The functionality and underlying technology of Blueprint Connect™ is designed to scale with our growth and enable the Blueprint business model to be deployed in other markets.

Our goals for 2012 include completing our software deployment, meeting the growing demand for construction finance, and continuing to provide steady and reliable returns to our investors. To meet demand, we plan to raise an additional $5 million in equity capital and conservatively increase our leverage by seeking an additional $10-20 million in debt financing.

While many community banks continue to struggle with construction loans, we believe that Blueprint is well positioned to expand our leadership through focused effort and a commitment to our core philosophy. The potential we see in the green building sector, and the potential for expansion that Blueprint Connect™ can bring, is exciting. We appreciate the support of our investors, our builder members and the many people in our community who are working with us to achieve success. We look forward to sharing our progress with you throughout 2012.

Sincerely,

Mark Knoll
CFO

Dan Duffus
CEO

SEATTLE, WA – February 22, 2012 – Blueprint Capital, LLC, the leading residential construction lender in Seattle, today reported it earned $2.5 million in 2011, more than three and half times the $701,989 earned in 2010. These results reflect the highly successful execution of Blueprint’s business model that combines builder investment, local expertise and technology to create reliable financing for its customers and stable returns for its investors. Net income for the fourth quarter 2011 almost tripled to $960,801, compared to $331,645 for the fourth quarter a year ago, and increased 48% from $647,827 for the third quarter 2011.

“We are delighted that Blueprint Capital was able to achieve the goals we laid out last year, which made us Seattle’s number one residential construction lender for the second year in a row,” said Dan Duffus, Co-founder and Chief Executive Officer. “Blueprint has grown beyond our expectations, marking its second full year of operations with solid earnings. We generated strong loan originations for our member builders, funding 29 loans in the fourth quarter, totaling $14.9 million, and 131 loans for $62.1 million in 2011.

“One driver of our growth is the emerging demand for eco-friendly and energy efficient homes; commonly known as built green,” added Duffus. “Blueprint works to prioritize green projects, and we are proud of our builder members who are leaders in environmentally-conscious building practices.”

“Blueprint is also making major strategic investments in technology,” said Mark Knoll, Co-founder and Chief Financial Officer. “We created a new proprietary software suite called Blueprint Connect™ that will completely integrate the origination, funding, servicing and risk management functions of our lending operation. The functionality and underlying technology of Blueprint Connect™ is designed to scale with our growth and enable the Blueprint business model to be deployed in any market.”

2011 Highlights (at, or for the period ended December 31, 2011):

• Blueprint Capital earned $2.5 million, up 253% from the $701,989 earned in 2010.
• Returned an average of 10.75% on our members’ equity investment.
• Profits for the fourth quarter increased 190% to $960,801, compared to $331,645 earned in the fourth quarter
2010.
• Funded 131 loans for a total of $62.1 million; double the dollar volume from a year ago.
• Increased available debt financing to $19.1 million from $10.9 million in 2010.
• Raised an additional $9.3 million in equity capital bringing total investment capital to $20.0 million.
• Expanded financing of eco-friendly, “green” building projects.
• Return on average assets for the year was 9.6%, and return on average equity was 15.2%.
• Superior operating efficiencies with an efficiency ratio of 23.7%.
• Operating expense/average assets ratio ended the year at 2.8%, on an annualized basis.

“The Seattle market continues to see strong demand for new housing,” said Duffus. “Our region is home to some of the most prominent and varied companies in the nation: Amazon, Costco, Starbucks, Nordstrom, and of course, Boeing and Microsoft. Despite the recession, Puget Sound companies continue to add well-paying jobs. Along with jobs, population growth is another driver of housing demand. From 2000 to 2010, the population within the City of Seattle grew by over 45,000 people to 608,660, an increase of 8%. This trend is likely to continue, as people from states such as California and Texas, continue to move to the Puget Sound region because of the more favorable business climate and housing costs in this area.”

“We believe that more jobs and more people is good news for Blueprint as it will continue to offer excellent opportunities for development within Seattle’s urban neighborhoods,” continued Duffus “This type of smart, smaller-scale development is our focus and commonly known as “in-fill” development. Our growth and portfolio quality is greatly attributed to our ability to help our member builders source viable in-fill projects and navigate the complex entitlement process. In fact, we sourced or provided development services for about 66% of the projects we funded in 2011. We call this value-added service the Blueprint Advantage.” Blueprint maintains a capital model in which private equity capital is conservatively leveraged with credit facilities from local banks to increase lending capacity.

At December 31, 2011, Blueprint held 108 loans in its $53.8 million portfolio, with 87% of that dollar figure dedicated to new home construction. Of the remaining portfolio, existing home rehabilitation account for 9% and 4% is for land acquisition and development or other purpose. By dollar amount, 88% of loans are secured by detached one to-four family homes, 7% of loans are secured by multifamily properties, and 5% by commercial and land under development. At year end, Blueprint’s portfolio of one- to four- family construction loans ranked it sixth among the same portfolio segment of Washington’s community banks.

Review of Balance Sheet and Operations

Blueprint Capital’s total assets more than doubled to $36.5 million at December 31, 2011, from $15.8 million at December 31, 2010, and increased 18% from $30.9 million at September 30, 2011. Net loans, excluding unfunded commitments and deferred loan fees, totaled $33.3 million at December 31, 2011, up 147% from $13.4 million at December 31, 2010 and increased 17% from $28.5 million at September 30, 2011. Gross loans receivables expanded to $53.8 million at December 31, 2011, up 154% from $21.2 million a year ago. Gross loans at the end of September 30, 2011 totaled $50.2 million. “We increased loan volume in 2011 as a result of raising $9.3 million in additional equity capital and $8.2 million in available debt financing,” said Knoll.

Blueprint’s primary investments are its loans, which make up 91% of total assets. With no nonperforming loans at the end of December 31, 2011, the remaining assets were comprised of: 5% in cash, which is used for working capital and security for bank lines of credit, and 4% represents interest in property held for development. Property development is not part of Blueprint’s investment strategy going forward.

“Blueprint continues to maintain a strong balance sheet with a 59% equity to assets ratio. Our current debt ratio remains very low at 0.68 to 1, and we are committed to conservatively managing our leverage with a target of 2 to 1,” said Knoll. “While preserving the strength of our balance sheet, we are able to conservatively increase leverage and, at the same time, increase our return on equity; any additional capital is used to grow our loan portfolio, which increases our market share.” In 2011, Blueprint financed 32% of all new single family homes sold in Seattle from $400,000 to $1.0 million.

Net interest income, after interest and other direct loan expenses, more than doubled to $1.1 million in the fourth quarter of 2011, compared to $439,512 in the fourth quarter a year ago, and grew 26% from $832,266 from the third quarter of 2011. For the full year 2011, net interest income more than tripled to $3.3 million, from $967,176 posted for 2010. Blueprint’s annualized return on average assets was 11.4% and return on average equity was 19.3% in the fourth quarter.

The efficiency ratio, which measures overhead expense as a percent of revenue was 24.2% in the fourth quarter, compared to 22.2% from the preceding quarter. For the full year, the efficiency ratio was 23.7%. At December 31, 2011, members’ equity more than doubled to $21.5 million compared to $11.0 million at December 31, 2010, and was up 17% from $18.5 million at September 30, 2011.

ABOUT BLUEPRINT CAPITAL, LLC

Blueprint Capital, a specialty finance company, is the leading residential construction lender in Seattle, Washington. Blueprint provides loans and development services to builders for smart, smaller-scale construction among Seattle’s urban neighborhoods. Using a unique, co-operative business model, Blueprint pools the resources of builders, suppliers and community stakeholders enabling local builders to meet housing demand. In addition to financing, Blueprint provides its customers with design, permitting and marketing services including ready to build projects. Blueprint’s goal is to continue expanding its builder and capital base along with an efficient operations platform. www.blueprintcap.com

Safe Harbor Statement

This news release contains comments or information that constitutes forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995) that are based on current expectations that involve a number of risks and uncertainties. Actual results may differ materially from the results expressed in forward-looking statements. Factors that might cause such a difference include changes in interest rates and interest rate relationships; demand for products and services; the degree of competition by traditional and non-traditional competitors; changes in banking regulation; changes in tax laws; changes in prices; levies and assessments; the impact of technological advances; governmental and regulatory policy changes; the outcomes of contingencies; trends in customer behavior as well as their ability to repay loans; changes in the national and local economy; and other factors, including risk factors, referred to from time to time in filings made by Blueprint Capital, LLC. Blueprint Capital, LLC, is a private company and undertakes no obligation to update or clarify forward-looking statements, whether as a result of new information, future events or otherwise.

“This was a good discussion,” said Councilmember Nick Lacata, who also thanked Mark for participating in the study and providing important developer feedback.

Live/work is a commercial/residential hybrid; a means of providing both living and working spaces within the same unit. By combining a home and office, residents are able to afford more. Live/work is also an eco-friendly housing option that is rapidly gaining popularity with small business owners. City planners are reviewing the 2003 ordinance for possible changes and enhancements that will encourage more live/work development.

“Blueprint provides financing and development services for its members builders including live/work projects,” said Knoll. “We encourage more eco-friendly, small-scale development and are always willing to participate with Seattle’s policy makers. It is important that any policy changes benefit our customers.”

To view an online video of the meeting, click on the link below. The housing committee discussion starts at about the 34 minute mark.

http://www.seattlechannel.org/videos/video.asp?ID=2291204

SEATTLE, WA – October 31, 2011 – Blueprint Capital, LLC, the leading residential construction lender in Seattle, Washington, today reported year-to-date earnings increased more than four-fold and surpassed the one million dollar threshold to $1.5 million, compared to $370,344 in the like period a year ago. For the third quarter ended September 30, 2011, net income increased 26% to $647,827, compared to $514,801 in the second quarter and increased 156% compared to $253,351 earned in the third quarter a year ago. The Blueprint model of providing finance and development services for smart, smaller-scale construction projects within the city limits of Seattle continues to be highly successful for its member builders and investors.

“We continue to see impressive operating results: This quarter marks our strongest earnings yet, both in the third quarter and for the first nine months of the year,” said Dan Duffus, Co-founder and Chief Executive Officer. “All leading indicators for generating strong loan originations for our member builders remain positive, with a robust pipeline and solid momentum as we enter the fourth quarter. Growing our available capital to meet demand will be our biggest challenge.” Blueprint funded 41 loans in the third quarter, totaling $20.4 million; the total number of loans funded during the first nine months of 2011 was 102, for $47.4 million.

“Seattle offers exceptional in-fill opportunities for residential development projects, with quality new homes in Seattle continuing to be in high demand,” said Mark Knoll, Co-founder and Chief Financial Officer. “Traditional banks are no longer meeting the demand for builder financing due to tighter regulatory restrictions and trouble managing complex loans. We see this trend continuing as banks deploy more capital through specialty finance companies like Blueprint rather than directly to builders.” Blueprint maintains a capital model in which private equity capital is conservatively leveraged with credit facilities from local banks to increase lending capacity. In addition to financing, Blueprint adds value for customers by providing development services and helping source and market new projects.

“With the exceptional progress we are making, we expect Blueprint to retain its number one position among all residential construction lenders in Seattle for 2011,” Duffus added. Blueprint was the largest residential construction lender in Seattle during 2010.

Third Quarter 2011 Highlights (at, or for the period ended September 30, 2011):

• Blueprint Capital generated a profit of $647,827; YTD profits totaled $1,542,711.
• Raised $1.3 million in new private equity capital.
• Funded 41 loans for a total of $20.4 million.
• Achieved a 9.2% annualized return on average assets and a 14.7% return on average equity.
• Superior operating efficiencies with an efficiency ratio of 22.2%.
• Operating expense/average assets ratio improved to 2.6%, on an annualized basis.

“Northwest Multiple Listing Service (NWMLS), reported 109 new detached single-family homes sold within the city limits of Seattle during the first nine months of the year; Blueprint member builders were responsible for building 33, or 30%, of these new homes,” added Knoll. “Of the homes that sold within our target market, from $400,000 to $1.0 million, Blueprint builders built 26 of them, representing 43% of the 61 sales year-to-date. The average days on market for Blueprint customers’ homes is 29 days.”

At September 30, 2011, Blueprint held 107 loans in its $50.2 million portfolio, with 86% of that dollar figure dedicated to new home construction. Of the remaining portfolio, existing home rehabilitation account for 9% and 5% is for land acquisition and development or other purpose. By dollar amount, 68% of loans are secured by detached single family homes, 29% are secured by townhomes ranging from 2 to 8 units and 3% by land under development.

Review of Balance Sheet and Operations

Blueprint’s total assets reached $30.9 million at September 30, 2011, up 22% from $25.3 million at the end of the second quarter, and grew 122% from $13.9 million for the third quarter a year ago. At September 30, 2011, net loans, excluding unfunded commitments and deferred loan fees, increased 27% to $28.5 million compared to $22.4 million in the second quarter, and rose 150% from $11.4 million a year ago. Gross loans receivables more than doubled to $50.2 million at September 30, 2011, compared to $21.2 million a year ago. Gross loans at the end of the second quarter totaled $38.7 million.

Loans are Blueprint’s primary investment and make up 93% of assets; there were no nonperforming loans at the end of September 30, 2011. Of the remaining assets, 4% are in cash which is used for working capital and security for bank lines of credit, and 3% represent interest in property held for development. Developed property is sold or held for income and security for bank lines of credit, and is not a significant part of Blueprint’s investment strategy.

“Our balance sheet remains strong with 60% equity to assets,” said Knoll. “Our current debt ratio is 0.66 to 1 and our target going forward is 2.0 to 1 or less. Consequently, we have the capacity to conservatively increase leverage which will increase our return on equity. Our strategy remains the same: use any additional capital to grow our loan portfolio and increase market share.”

Net interest income, before interest and other direct loan expenses, was $832,466 in the third quarter of 2011, up 28% from $651,691 in the preceding quarter and more than doubled from $340,561 from the third quarter a year ago. Year-to-date, net interest income increased almost four-fold to $2.0 million, compared to $527,664 for the first nine months of 2010. Blueprint’s annualized return on average assets was 9.2% and return on average equity was 14.7% in the third quarter.

The efficiency ratio, which measures overhead expense as a percent of revenue, was 22.2% up from 21.0% in the immediate prior quarter. At September 30, 2011, members’ equity was $18.5 million, up 9% from $16.9 million at June 30, 2010, and up substantially from $9.7 million a year ago.

ABOUT BLUEPRINT CAPITAL, LLC

Blueprint Capital, a specialty finance company, is the leading residential construction lender in Seattle, Washington. Blueprint provides loans and development services to builders for smart, smaller-scale construction among Seattle’s urban neighborhoods. Using a unique, co-operative business model, Blueprint pools the resources of builders, suppliers and community stakeholders enabling local builders to meet housing demand. In addition to financing, Blueprint provides its customers with design, permitting and marketing services including ready to build projects. Blueprint’s goal is to continue expanding its builder and capital base along with an efficient operations platform. www.blueprintcap.com

Safe Harbor Statement

This news release contains comments or information that constitutes forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995) that are based on current expectations that involve a number of risks and uncertainties. Actual results may differ materially from the results expressed in forward-looking statements. Factors that might cause such a difference include changes in interest rates and interest rate relationships; demand for products and services; the degree of competition by traditional and non-traditional competitors; changes in banking regulation; changes in tax laws; changes in prices; levies and assessments; the impact of technological advances; governmental and regulatory policy changes; the outcomes of contingencies; trends in customer behavior as well as their ability to repay loans; changes in the national and local economy; and other factors, including risk factors, referred to from time to time in filings made by Blueprint Capital, LLC. Blueprint Capital, LLC, is a private company and undertakes no obligation to update or clarify forward-looking statements, whether as a result of new information, future events or otherwise.

All Day Construction – Ron Day

Boardwalk Development – Jason Viydo and Andrew Fortier

“Our customers’ success is our success, and we congratulate Dwell Development for their conscientious commitment to building some of the highest quality energy-efficient homes in the state. Dwell is also commended for educating homeowners on how they can embrace energy saving measures,” said Dan Duffus, Co-founder and Chief Executive Officer. “Blueprint is proud to provide financing to innovative builders, like Dwell Development, who are committed to building smart, sustainable new homes.”

Blueprint’s number one asset is its customer base: a select group of Seattle builders responsible for 36% of all new, detached single family homes sold in Seattle in the first half of 2011. Much of their success is attributed to building quality homes with designs and prices that are in demand. Green building practices are one of the major attributes that help Blueprint builders’ homes sell faster.

ABOUT BLUEPRINT CAPITAL, LLC

Blueprint Capital is the leading residential construction lender in Seattle, Washington. As a specialty financing company, Blueprint provides loans and development services to builders of smart, smaller-scale construction among Seattle’s urban neighborhoods. Using a unique, co-operative business model, Blueprint pools the resources of builders, suppliers and community stakeholders enabling local builders to meet housing demand. In addition to financing, Blueprint provides its customers with design, permitting and marketing services including ready to build projects. Blueprint’s goal is to continue expanding its builder and capital base along with an efficient operations platform. www.blueprintcap.com

“I envision a Seattle that intentionally establishes affordable housing,” said Councilmember Harrell. “We, as policy makers, have to clearly establish policies and procedures that assist our builders during the permitting, design and construction phase, not be an impediment toward their progress. I will also make sure we continue to have clean, affordable energy provided to our residents and businesses; one of the lowest in the country.”

One ongoing topic of discussion among the entire city council is Seattle’s land use code changes which will impact Blueprint builders. “Keeping up with code changes is important for us because it impacts how we design homes as well as the costs involved.” said Darin Granger, one of Blueprint’s member builders.

Blueprint remains proactive in any proposed code changes and the founders, Dan Duffus and Mark Knoll, recently met with Councilmember Sally Clark, Chair of the Land Use Committee, to give feedback on proposed single family code changes.

“Councilmember Clark was very receptive to our feedback on how code changes effect builders of single family homes in the City,” said Duffus. “By representing builders who build almost half of the single family homes for sale in Seattle we have an important voice with the Council.”

“Blueprint provides member builders with development and permitting services, and knowing the latest code amendments gives our customers a big advantage when sourcing new projects.” said Knoll. “The majority of what our members build is small-scale, green and fits into the neighborhood character. It is important that code amendments encourage this type of development.”

The lunch was also a chance for builders to talk about their projects, exchange ideas and get caught-up personally. Other company business discussed included Blueprint’s latest capital raise of over $11 million that is available to increase the number of projects it funds for member builders. Also announced were lower rates for construction loans reflecting Blueprint’s lower cost of capital.

Coombes was a Vice President with Northmarq Capital, one of the largest real estate investment banking firms in the nation, headquartered in Minneapolis. Working on closed transactions totaling more than $300 million, Coombes facilitated the placement of debt and equity for multifamily, office, industrial and retail properties, sourcing the debt from insurance companies, Freddie Mac, Fannie Mae, FHA (HUD), banks, credit unions and mezzanine lenders. Coombes is also the founder of Corpsurf, a conceptualized and self-funded data aggregation website focused on the commercial real estate industry. Corpsurf is headquartered in Seattle.

“Jon is one of our early investors and we are delighted to have him join our growing company. His leadership skills and proven expertise in complex financing transactions will be of great value to Blueprint as we continue to position ourselves for future success,” said Dan Duffus, Co-founder and Chief Executive Officer. “Jon also brings a true entrepreneurial spirit to the team, and I look forward to working with him as we continue to grow our loan portfolio and expand development services for our builder customers.”

After receiving his Bachelor of Business Administration, with a major in finance, at Pacific Lutheran University in Tacoma, WA, Coombes earned his Master of Business of Administration with an Entrepreneurship Concentration from Queensland University of Technology in Brisbane, Australia.

ABOUT BLUEPRINT CAPITAL, LLC

Blueprint Capital is the leading residential construction lender in Seattle, Washington. As a specialty financing company, Blueprint provides loans and development services to builders of smart, smaller-scale construction among Seattle’s urban neighborhoods. Using a unique, co-operative business model, Blueprint pools the resources of builders, suppliers and community stakeholders enabling local builders to meet housing demand. In addition to financing, Blueprint provides its customers with design, permitting and marketing services including ready to build projects. Blueprint’s goal is to continue expanding its builder and capital base along with an efficient operations platform. www.blueprintcap.com

SEATTLE, WA – July 27, 2011 – Blueprint Capital, LLC, the leading residential construction lender in Seattle, Washington, today reported its earnings increased more than four-fold to $514,801 in the second quarter ended June 30, 2011 compared to $115,615 in the like quarter a year ago. Blueprint earned $380,083 in the first quarter this year. For the six months ended June 30, 2011, net income increased seven-fold to $894,884, from $116,992 in the like period a year ago. The Blueprint model of providing finance and development services for smart, smaller-scale construction projects within the city limits of Seattle continues to be highly successful for its member builders and investors.

“Our year-to-date operating results have exceeded all of our expectations and demonstrate the continuing high demand for affordable new homes in Seattle. The average time on the market for our customers’ homes is 20 days,” said Dan Duffus, Co-founder and Chief Executive Officer. “Blueprint funded a total of 61 projects during the first six months of 2011 amounting to almost $27.0 million; we are having a great year.” Blueprint was the largest residential construction lender in Seattle for 2010 and is gearing up to remain the largest lender in 2011.

“According the Northwest Multiple Listing Service (NWMLS), 73 new detached single-family homes were sold in Seattle during the first six months of the year, and Blueprint member builders were responsible for building 26, or 36%, of these new homes,” said Mark Knoll, Co-founder and Chief Financial Officer. “For homes sold within our target market, which ranges from $400,000 to $1.0 million, Blueprint builders built 20, representing 48% of the 42 sales during the first half of the year.”

“Blueprint is growing, and we continue to generate strong loan originations for our member builders and increase our earnings potential,” added Knoll. “We play a major role in sourcing projects for our member builders. In fact, we provided development services for 68% of the loans we funded this quarter. While loan growth is stagnant for many banks, we are filling a void by providing our member builders with competitive financing as well as value-added services. The value for our customers is remarkable and sets us apart from traditional banks.” Blueprint’s co-operative model requires member builders to make an equity investment in the company in order to secure financing and development services for their construction projects.

Second Quarter 2011 Highlights (at, or for the period ended June 30, 2011):

• Blueprint Capital generated a profit of $514,801; YTD profits totaled $894,884.
• Raised $2.9 million in new private equity capital; approximately the same as in the first quarter this year.
• Increased available debt capital by $8.4 million.
• Funded 31 loans for a total of $14.0 million.
• Return on average assets was 9.0% and return on average equity was 13.5%, on an annualized basis.
• Superior operating efficiencies with an efficiency ratio of 21.0%.
• Operating expense/average assets ratio improved to 2.4%, on an annualized basis.

At June 30, 2011, Blueprint held 81 loans in its $38.7 million portfolio, with 79% of that dollar figure dedicated to new home construction. 13% of the remaining portfolio is existing home rehabilitation and 8% is for land acquisition and development. By dollar amount, 70% of loans are secured by detached single family homes, 25% are secured by townhomes ranging from 2 to 8 units and 5% by land under development.

Review of Balance Sheet and Operations

Blueprint’s total assets reached $25.3 million at June 30, 2011, up 23% from $20.6 million at the end of the first quarter, and grew 170% from $9.3 million for the second quarter a year ago. Gross loans receivables were $38.7 million at June 30, 2011, up 148% from $15.6 million a year ago. Gross loans at the end of the first quarter totaled $29.3 million. At June 30, 2011, net loans, excluding unfunded commitments and deferred loan fees, grew 26% to $22.4 million compared to $17.9 million in the first quarter, and rose 197% from $7.5 million a year ago.

Loans are Blueprint’s primary investment and make up 90% of assets; there were no nonperforming loans at the end of June 30, 2011. Of the remaining assets, 7% are in cash which is used for working capital and security for bank lines of credit, and 3% represent interest in property held for development. Developed property is sold or held for income and security for bank lines of credit, and is not a significant part of Blueprint’s investment strategy.
“We have a strong balance sheet with 67% equity to assets,” said Knoll. “Our current debt ratio is 0.49 to 1 and our target going forward is 2.0 to 1. Consequently, we have the capacity to conservatively increase leverage which will increase our return on equity. Our strategy remains the same: to use any additional capital to grow our loan portfolio and increase market share.”

Net interest income increased 24% to $651,691 in the second quarter of 2011, from $524,768 in the preceding quarter and more than tripled from $164,274 from the second quarter a year ago. Year-to-date, net interest income was $1.2 million, up 529% from $187,104 for the first six months of 2010. Blueprint’s return on average assets was 9.0% and return on average equity was 13.5% in the second quarter.

The efficiency ratio, which measures overhead expense as a percent of revenue, declined to 21.0% from 27.6% in the immediate prior quarter. At June 30, 2011, members’ equity was $16.9 million, up from $13.7 million at March 31, 2010, and $7.6 million a year ago.

ABOUT BLUEPRINT CAPITAL, LLC

Blueprint Capital, a specialty finance company, is the leading residential construction lender in Seattle, Washington. Blueprint provides loans and development services to builders of smart, smaller-scale construction among Seattle’s urban neighborhoods. Using a unique, co-operative business model, Blueprint pools the resources of builders, suppliers and community stakeholders enabling local builders to meet housing demand. In addition to financing, Blueprint provides its customers with design, permitting and marketing services including ready to build projects. Blueprint’s goal is to continue expanding its builder and capital base along with an efficient operations platform.

www.blueprintcap.com

Safe Harbor Statement

This news release contains comments or information that constitutes forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995) that are based on current expectations that involve a number of risks and uncertainties. Actual results may differ materially from the results expressed in forward-looking statements. Factors that might cause such a difference include changes in interest rates and interest rate relationships; demand for products and services; the degree of competition by traditional and non-traditional competitors; changes in banking regulation; changes in tax laws; changes in prices; levies and assessments; the impact of technological advances; governmental and regulatory policy changes; the outcomes of contingencies; trends in customer behavior as well as their ability to repay loans; changes in the national and local economy; and other factors, including risk factors, referred to from time to time in filings made by Blueprint Capital, LLC. Blueprint Capital, LLC, is a private company and undertakes no obligation to update or clarify forward-looking statements, whether as a result of new information, future events or otherwise.