Management and Directors

Jeffrey B. Pyatt is Chairman of the Board of Directors of Broadmark Realty Capital, and Founder of Pyatt Broadmark Management. Mr. Pyatt was President and Chief Executive Officer of Broadmark Realty Capital from its business combination on November 14, 2019 to March 1, 2022. Mr. Pyatt began his career at Moss Adams, a regional CPA firm in Seattle, as a member of their tax staff. After leaving public accounting, Mr. Pyatt was involved in a number of acquisitions, dispositions and turn-around of companies in the Northwest. Prior to Pyatt Broadmark, Mr. Pyatt cofounded and managed Private Lenders Group, a Bellevue, Washington based private lending fund. He has been in the asset-based lending business since 1994. He has also participated in the initial financing rounds of a number of telecommunications and technology companies and currently serves as a director or advisor to several technology companies. Mr. Pyatt has served on the boards for three different Boys and Girls Clubs as well as numerous other non-profits. Mr. Pyatt received a Bachelor of Science in accounting from the University of Denver and a master’s degree in taxation from the University of Denver College of Law.

Kevin M. Luebbers is a member of the Board of Directors of Broadmark Realty Capital and was a consultant to Trinity Investments and Trinity Merger Corp. prior to its business combination with Broadmark Realty Capital. Mr. Luebbers co-founded and has served as Managing Partner of VIC Partners, LLC, an investment partnership focused on acquiring and repositioning hotel properties since 2004. Prior to that, he was Executive Vice President and Chief Financial Officer at RFS Hotel Investors, Inc., a publicly traded real estate investment trust from 2000 to 2003, where he was responsible for the company’s capital markets and treasury functions. Prior to that, Mr. Luebbers served as Senior Vice President of planning and investment analysis at Hilton Hotels Corporation from 1996 to 2000. Mr. Luebbers was a board member and Audit Committee Chairman of Ambassadors International, Inc., a publicly traded cruise, marina and travel and event company, from 2005 to 2008. Mr. Luebbers received a B.S. from Cornell University and an M.B.A. from the University of California at Berkeley.

Stephen G. Haggerty is a member of the Board of Directors of Broadmark Realty Capital. In addition, Mr. Haggerty is founder and principal of Bare Hill, a multi-strategy real estate investment and advisory platform with a focus on hospitality and wellness related assets. Mr. Haggerty served as a Managing Partner of Trinity Investments from 2018 to October 2021, where he oversaw corporate strategy, leadership and capital markets execution. Before Trinity Investments, Mr. Haggerty was the Global Head of Capital Strategy, Franchising and Select Service at Hyatt Hotels Corporation from 2014 to 2018. In that role, Mr. Haggerty was responsible for implementing Hyatt’s overall capital and franchising strategy and overseeing the Select Service business. Prior to assuming that position, Mr. Haggerty was the Executive Vice President, Global Head of Real Estate and Capital Strategy from 2012 to 2014. In that role, Mr. Haggerty was responsible for implementing Hyatt’s capital strategy, managing Hyatt’s hotel asset base and providing support to the teams of development professionals around the world. Before joining Hyatt Hotels Corporation, Mr. Haggerty spent 13 years serving in several positions of increasing responsibility with Marriott International, Inc., including finance, asset management and development roles in various locations around the world, including Hong Kong and London. Mr. Haggerty was also a board member of Playa Hotels & Resorts from 2012 to 2018, during which Playa Hotel & Resorts became a public company. Mr. Haggerty received a Bachelor of Science degree from Cornell University.

Daniel J. Hirsch is a member of the Board of Directors of Broadmark Realty Capital. In addition, Mr. Hirsch is the Chief Financial Officer and Chief Operating Officer of Cascade Acquisition Corp (NYSE: CAS), a special purpose acquisition company. Mr. Hirsch served as a consultant to Trinity Investments from January 2019 through November 17, 2019. In addition, Mr. Hirsch served as a consultant to Farallon Capital Management, L.L.C., an investment firm that manages capital on behalf of institutions and individuals, for which he has served as a board designee with respect to Farallon’s investment in Playa Hotels & Resorts N.V. (NASDAQ: PLYA), from January 2017 to March 31, 2020. Previously, from 2003 to December 2016, Mr. Hirsch held several senior positions at Farallon, including Managing Member of the Real Estate Group from 2009 to December 2016, Managing Director from 2007 to 2008 and Legal Counsel from 2003 to 2006. During his tenure as a director at Playa Hotels & Resorts N.V., Mr. Hirsch served as the chair of the Compensation Committee and a member of the Nominating and Governance Committee. In addition, Mr. Hirsch has served on the board of The Macerich Company (NYSE: MAC) since 2018 and is currently a member of the Compensation Committee and Nominating and Governance Committee. Mr. Hirsch has extensive knowledge of the capital markets and the real estate sector, drawn from several senior positions he held at Farallon between 2003 and 2016, including Managing Member of the Real Estate Group, Managing Director and Legal Counsel. Prior to joining Farallon, Mr. Hirsch worked as an associate in the San Francisco office of the law firm Covington & Burling LLP, from 2001 to 2003. Mr. Hirsch graduated from Yale Law School with a J.D. and earned a Bachelor of Arts degree, summa cum laude, in Law, Jurisprudence and Social Thought from Amherst College.

David A. Karp is a member of the Board of Directors of Broadmark Realty Capital and a 36-year veteran in real estate investment finance and management. He was most recently Executive Vice President and Chief Financial Officer of Empire State Realty Trust, Inc. (NYSE: ESRT), a real estate investment trust that owns and operates office and retail properties in Manhattan and the greater New York metropolitan area, including the Empire State Building. Mr. Karp joined ESRT’s predecessor in 2011 and was responsible for finance, capital markets, accounting, and investor relations. Prior to that, Mr. Karp served as Managing Director and Chief Financial Officer of Forum Partners Investment Management LLC from 2006 to 2011 and Chief Operating Officer from 2009 to 2011, where he was responsible for both firm-level and fund-level financial management and strategy. From 1996 to 2005, Mr. Karp served as President, Chief Operating Officer and Chief Financial Officer of Falcon Financial Investment Trust, which he co-founded. Mr. Karp has a B.A., Summa Cum Laude, in Economics from the University of California, Berkeley and an MBA in Finance and Real Estate from the Wharton School of the University of Pennsylvania.

Norma J. Lawrence is a member of the Board of Directors of Broadmark Realty Capital. Ms. Lawrence currently serves on the Board of Directors of Marcus & Millichap Inc. (NYSE: MMI), a brokerage company providing real estate investment brokerage, financing and advisory services. Previously, Ms. Lawrence was a Partner at KPMG, where she was employed from 1979 to 2012 and provided extensive accounting and auditing services to companies in the real estate and hospitality industries. Ms. Lawrence was a member of the National Association of Real Estate Investment Trusts, the Pension Real Estate Association, the National Council of Real Estate Investment Fiduciaries, the California Society of Certified Public Accountants, and the American Institute of Certified Public Accountants. Ms. Lawrence received a B.A. in mathematics and an M.B.A. in finance and accounting from the University of California, Los Angeles.

Pinkie D. Mayfield is a member of the Board of Directors of Broadmark Realty Capital. Ms. Mayfield has been Chief Communications Officer and Vice President of Corporate Affairs at Graham Holdings Company (formerly The Washington Post Company), a diversified conglomerate whose principal operations include education and media. In her current role since 2018, Ms. Mayfield is responsible for corporate affairs, public relations, communications and strategic initiatives. Since joining Graham Holdings in 1998, she has held a number of executive leadership positions. Prior to joining Graham Holdings, Ms. Mayfield was a Vice President and Trust Officer at NationsBank (now Bank of America) in the Investment Services Division. A director of Founders Bank, a Washington D.C.-based community bank, she has chaired the audit committee since joining the board in 2020. Ms. Mayfield also serves as the treasurer of the board of directors of the District of Columbia College Access Program and a trustee of the Philip L. Graham Fund. Ms. Mayfield graduated magna cum laude with a BA in business administration from Trinity Washington University and earned an MBA from the University of Maryland University College.

Jeffrey B. Pyatt is Chairman of the Board of Directors of Broadmark Realty Capital, and Founder of Pyatt Broadmark Management. Mr. Pyatt was President and Chief Executive Officer of Broadmark Realty Capital from its business combination on November 14, 2019 to March 1, 2022. Mr. Pyatt began his career at Moss Adams, a regional CPA firm in Seattle, as a member of their tax staff. After leaving public accounting, Mr. Pyatt was involved in a number of acquisitions, dispositions and turn-around of companies in the Northwest. Prior to Pyatt Broadmark, Mr. Pyatt cofounded and managed Private Lenders Group, a Bellevue, Washington based private lending fund. He has been in the asset-based lending business since 1994. He has also participated in the initial financing rounds of a number of telecommunications and technology companies and currently serves as a director or advisor to several technology companies. Mr. Pyatt has served on the boards for three different Boys and Girls Clubs as well as numerous other non-profits. Mr. Pyatt received a Bachelor of Science in accounting from the University of Denver and a master’s degree in taxation from the University of Denver College of Law.

Kevin M. Luebbers is a member of the Board of Directors of Broadmark Realty Capital and was a consultant to Trinity Investments and Trinity Merger Corp. prior to its business combination with Broadmark Realty Capital. Mr. Luebbers co-founded and has served as Managing Partner of VIC Partners, LLC, an investment partnership focused on acquiring and repositioning hotel properties since 2004. Prior to that, he was Executive Vice President and Chief Financial Officer at RFS Hotel Investors, Inc., a publicly traded real estate investment trust from 2000 to 2003, where he was responsible for the company’s capital markets and treasury functions. Prior to that, Mr. Luebbers served as Senior Vice President of planning and investment analysis at Hilton Hotels Corporation from 1996 to 2000. Mr. Luebbers was a board member and Audit Committee Chairman of Ambassadors International, Inc., a publicly traded cruise, marina and travel and event company, from 2005 to 2008. Mr. Luebbers received a B.S. from Cornell University and an M.B.A. from the University of California at Berkeley.

Jonathan Hermes is the Chief Financial Officer of Broadmark Realty Capital. Mr. Hermes was most recently a Director at PricewaterhouseCoopers LLP (“PwC”), where he worked with public and private companies with capital raising transactions, mergers and acquisitions, and financial statement audits, as well as assisting companies with technologies across a broad range of topics, including processes within the finance and accounting functions and SEC reporting processes. Mr. Hermes served in various roles with PwC since 2010, including within the Capital Markets group in PwC’s Amsterdam office. Mr. Hermes is a licensed CPA in Washington and Kansas and is a member of AICPA and Washington Society of CPAs. He is a graduate of Kansas State University with a Bachelors in Financial Controllership and Accounting.

Nevin Boparai is Chief Legal Officer of Broadmark Realty Capital. Mr. Boparai previously served as Assistant General Counsel, Corporate & Securities at Ventas, Inc. (NYSE: VTR), an S&P 500 healthcare real estate investment trust, where he was responsible for the company’s capital markets, corporate finance, SEC reporting and corporate governance legal functions. Mr. Boparai also served as Managing Director of Ventas Life Science and Healthcare Real Estate Fund, a perpetual life, private capital vehicle that he helped launch. Previously, Mr. Boparai served as Counsel, Corporate Transactions for Abbott Laboratories and as an Associate with the law firm of Jones Day in Silicon Valley. Mr. Boparai received his Juris Doctor from Boston University School of Law and his Bachelor of Arts from Rutgers University.