Brightlane Corp. offers quality, professionally managed properties for rent or lease with additional pathways to homeownership.
COMPANY PROFILE OVERVIEW
Brightlane Corp. is a real estate operator providing opportunities in the affordable housing market including reasonable rents and leases plus an opportunity to participate in a right-to-purchase program upon meeting certain criteria. Brightlane currently acquires single-family homes and portfolios of single-family homes. Brightlane actively pursues the acquisition of these types of homes through one-off purchases, the purchase of portfolios, and other methods of acquisition.
Steve Helm Chairman, President, Chief Executive Officer, Chief Financial officer and Director
Mr. Helm is a seasoned real estate executive specializing in the areas of finance, development/acquisition and property management for over 25 years. Mr. Helm is also currently the CFO of New Regional Planning, a real estate strategy and consulting firm. From 2004 to 2009 he served as Regional Director for Imperial Capital Bank/Bancorp (NYSE), launching the Texas/Rocky Mountain real estate lending platform as part of the firm’s national expansion. In that capacity, he opened and managed four real estate loan production offices (Dallas, Austin, Denver & Kansas City) covering the Texas, New Mexico, Oklahoma, Arkansas, Colorado and Kansas markets and funded in excess of $500 million of structured debt and portfolio permanent credit facilities from $500,000 to $20 million for a broad range of real estate development activities.
Prior to Imperial, he was President of the family business, The Helm Companies, directing the ground up development, re-development, financing and management of small retail and Class A, B & C multifamily properties. During his tenure with the family enterprise, Mr. Helm secured over $60 million of FHA (221 D-4 & 223F) and conventional bank debt as well as LIHTC, private and mezzanine equity financing and supervised the management of a multifamily portfolio of 6 properties comprising over 900 units. Mr. Helm earned the National Apartment Association CAPS Designation and is a CPM Candidate. Mr. Helm holds an MBA from the Cox School of Business, Southern Methodist University, and a BBA in Finance from the University of Texas at Austin.
James Odell Barnes, Jr. Director
Mr. James Odell Barnes, Jr. is nationally known as the “Foreclosure King” and is one of the largest buyers of REO (Real Estate Owned) foreclosed homes in the United States. Mr. Barnes has been involved in the business of owner-financing single family homes since 1979. Mr. Barnes has bought and sold over 50,000 bank-owned and REO properties and established a reputation as one of the most successful and knowledgeable real estate professionals in the U.S. bank-owned and REO property market. Mr. Barnes' success, knowledge, and experience has brought him great publicity and he has been featured in the Wall Street Journal, NPR, ABC's Nightline, and on the list of “TIME 100 Finalists” for Time magazine’s 2009 person-of-the-year honors.