Mr. Blete's real estate, finance, and banking experience arises from 25+ years of work in the real estate
industry. He has been directly responsible for successfully closing over $3 billion dollars in real estate
transactions, including the acquisition, disposition, and financing of both the equity and debt for all types of
real estate projects (e.g. master plan development projects, retail, commercial, multi-family, single family
development, industrial and mixed-use properties). In 1979, Mr. Blete joined Grubb and Ellis Real Estate
Company, where he was the Equity Manager of a billion dollar real estate partnership portfolio. His primary
responsibilities were to increase revenues, reduce expenses, and allocate funds to cosmetically improve
properties for liquidation. The company's profits after liquidation were greatly enhanced by various
financial decisions Mr. Blete made during this period. Primary market was the Western United States.
In 1981, Mr. Blete became a partner with McMasters and Westland (now a part of TRI Real Estate). His
primary responsibilities were the financing and structuring of various real estate transactions on behalf of
developers, investors, and lenders. In addition, Mr. Blete was involved in several real estate projects as a
general partner.
In 1987, Mr. Blete joined the Woodmont Companies as Director of Acquisitions. Woodmont is a multibillion
dollar real estate company owned by Tad Taube. His primary responsibilities were the acquisition
and financing of all types of real estate investments on behalf of Mr. Taube, the Koret Foundation (Levi
Strauss), Marin County Pension Fund, and other groups of wealthy individuals.
In 1989, Mr. Blete formed Greater Bay Mortgage Company. Greater Bay's strength lies in its ability to
finance all types of real estate transactions, from single-family residences to multi-million dollar commercial
projects. Mr. Blete has personally arranged financing for office buildings, shopping centers, hotels,
apartment buildings, assisted living facilities, and master-planned community projects. Mr. Blete has
developed strong ties with major institutional lenders, as well as close relationships with an array of privatemoney
sources.
Recognizing the need to offer a wider array of financing products to his clients, Mr. Blete founded Greater
Bay Capital, Inc. in 2006. This company offers direct, private-money financing in situations where
institution mortgage loans are not an option. In addition, the company is involved in purchasing bulk REO
properties and discounted performing commercial real estate loans. Mr. Blete currently serves as the
Chairman and CEO of Greater Bay Capital, Inc. In 2009 Blete was the managing partner of a real estate
fund, which acquired foreclosed properties in California. The fund achieved an annualized return in excess of
30%.