Mike Newell – COO
Mr. Newell serves as COO to Black Hawk Funding. His career in private lending and management is extensive.
Mike was a shareholder and portfolio manager for Bridge Capital (bccnmi.com) who successfully funded over $500,000,000 in private loans. He was also the founder and owner of Hard Money Funding, a website that originated in excess of $300 million in private loans under his management. Michael was General Manger and General Counsel to TPM Financial, a lending company with $600 million in loans and real estate holdings. He served in the same capacity to Del Mar Mortgage, now Veston Realty Mortgage Inc (VRTN:NASDAQ), a similar lending company with 150 employees and over $360 million in private loans. While at Vestin he originated and closed a $36 million public offering.
Mr. Newell also has extensive experience in construction and land development having supervised all aspects of construction financing for five major developments totaling over 1,000 total lots from Hawaii to Nevada. He has built over 50 spec homes, owned 5 major hotels, and has owned and managed casinos in Nevada and South Carolina.
Mike began his career in 1977 as a prosecuting attorney and a Special Agent in the FBI. He has been a member of the Idaho State Bar for thirty-four years and has served as general counsel to banks, lending, title, and construction companies, as well as financial institutions. He was also the founder and former director of Nevada First National Bank.
Mike is also a great fly fisherman, but a rather poor golfer.