The Team

Established in 1987, Broadmark Capital is a merchant bank providing direct investment opportunities for accredited investors, and financing and management services to emerging companies. Pyatt Broadmark Management is an affiliated company of Broadmark Capital and is the Manager of Pyatt Broadmark Real Estate Lending Fund I.

Joseph L. Schocken, President

Joe Schocken

Mr. Schocken is the Founder and President of Broadmark Capital, LLC, a FINRA Member broker-dealer. With nearly 40 years in investment banking, Mr. Schocken has extensive knowledge of the financial services industry and established relationships with both strategic and institutional investors throughout the United States and internationally. He has guided Broadmark's corporate finance practice through hundreds of private equity transactions with an aggregate transaction value measured in the billions. These projects have included private placements, debt offerings, mergers, asset purchases and public offerings in a broad array of industries including technology, life science, broadcasting and travel. In addition, Mr. Schocken leads Broadmark's merchant banking and family office activities, overseeing what has become a significant portfolio of private and public company holdings.

As an outgrowth of Broadmark's entrepreneurial merchant banking practice, Mr. Schocken was one of the founding partners in Pyatt Broadmark Management, LLC (PBM, and its affiliate, Broadmark Real Estate Management, LLC), a five year old real estate lending firm with approximately $150M in assets under management. PBM writes first deed of trust loans against hard assets located in the Pacific Northwest and is filling a significant gap in the credit markets following the 2007-2008 real estate crisis. Indeed, it is private lenders like PBM that have fostered such a fundamentally strong rebound in the Pacific Northwest's real estate market. Using PBM as a model, Broadmark Capital is expanding its lending operations into markets outside the Pacific Northwest. Prior to PBM, Mr. Schocken helped form Broadmark Asset Management Company and received both a direct investment and a $100M allocation from CALPERS in 2000.

Throughout his career as a banker, investor, board member and mentor, Mr. Schocken has also played a pivotal role in the development of numerous significant enterprises. Notable examples include Omeros Corporation (NASDAQ: OMER), Bennett Environmental (AMEX: BEL), Optiva (acquired by Phillips), Universal Access, Inc. (NASDAQ: UAXS) and Lindblad Expeditions, Inc. (NASDAQ: LIND). In each case, Mr. Schocken served as an influential advisor to management in the development of the capital formation strategy that positioned each company for growth.

Outside of banking, Mr. Schocken has long been active with the Democratic National Committee, has served on the DNC national finance committee, and has been involved in numerous local and national campaigns. He has been actively involved in U.S. jobs creation policy, particularly during the Obama administration. His white paper, "Restarting IPOs: The Shortest Path to Recreating Economic Growth in the United States", served as the basis for elements of the JOBS act of 2012. Mr. Schocken personally lobbied for the bill and proudly sat with the president when he signed it into law with broad, bipartisan support. Among other things, the legislation streamlines the application process for certain companies to go public, allows businesses to advertise to more investors and should ultimately enable crowdfunding. It has dramatically improved the process private firms use to go public. Our country saw the most initial public offerings in the past year since 2000, with 365 companies going public.

Mr. Schocken is active in civic affairs. He has provided leadership for the movement to protect Alaska Airlines, Seattle's hometown airline, against a takeover by Delta. He has also voiced his support and contributed to numerous campaigns including gun control and same sex marriage legislation.

Mr. Schocken has long been active in community affairs serving on numerous boards and committees. He currently serves on the AIPAC National Council and the local Community Relations Committee.

His commentaries are regularly published and he is often quoted for articles concerning economic and political issues, samples of which are below:

  • Puget Sound Business Journal. 2015. Without support from Seattle businesses, Delta will take over Alaska Airlines, banker warns. Click to Read Article.
  • Puget Sound Business Journal. 2015. Alaska, Delta downplay talk of any animosity, though both aggressively seek a bigger share of a lucrative market. Click to Read Article.
  • Puget Sound Business Journal. 2015. Investment firm president: Seattle biotech needs an ombudsman. Click to Read Article.
  • Puget Sound Business Journal. 2015. Area should rally for hometown airline. Click to Read Article.
  • Puget Sound Business Journal. 2015. Why Seattle is tough soil to grow a biotech. Click to Read Article.
  • Roll Call. 2014. New JOBS Act Rules Damage Job Growth | Commentary. Click to Read Article.

He is an honors graduate of the University of Washington and holds an MBA from Harvard University. He holds Series 7, 24, 63 and 79 FINRA registrations. He enjoys his season tickets to the Seattle Seahawks (“Go Hawks!”), riding his bike in France, spending time with his wife Judy and chasing after his seven grandkids.

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Adam J. Fountain, Managing Director, Broadmark Capital

Adam J. Fountain

Mr. Fountain's responsibilities at Broadmark include investor and client sourcing, and transaction management across all of Broadmark's focus areas including life sciences, technology, new media, middle market, real estate, telecommunications and financial services. His current interests include life science companies that have demonstrated proof of concept, particularly drugs with clinical data and devices with at least animal data, and some mitigation of risk, e.g. shortened regulatory paths, 505(b)2, etc. Areas of interest in technology include SaaS, new media, and any revenue generating high growth companies. Responsibilities also include all activities related to Broadmark's merchant banking function: identifying and qualifying potential direct investments and producing Broadmark white papers. In addition to these responsibilities, Mr. Fountain is a part owner of Pyatt Broadmark Management, LLC and Broadmark Real Estate Management, and responsible for their investor relations and fund management.

Mr. Fountain has had a significant or lead role in the following engagements (in no particular order): Pyatt Broadmark Management, Global Voyages Group, FedTax, AVM, MGT, SRS Medical, PhysioSonics, Generic Medical Devices, HipCricket, Omeros, XShares, Sound Pharmaceuticals, Zynex Medical, MediQuest Therapeutics, CardioMetrix and Shoreline among others. Mr. Fountain originally joined Broadmark in 2003 as an Associate focused on client sourcing and transaction management in the life sciences sector.

Prior to joining Broadmark, Mr. Fountain was an Associate at L.E.K. Consulting in Los Angeles, CA from 2001 through 2003, an international strategic consulting firm headquartered in London. While at L.E.K., he worked primarily in the life sciences practice. Key projects included developing a product marketing and distribution strategy for an established European pharmaceutical company, formulating a product development and partnering strategy for a start-up biotechnology company, and preparing for the likely adoption of a new product in the medical device industry.

Mr. Fountain graduated with a B.A. in International Relations from Stanford University, Minor in German Studies in 2001. He holds Series 7, Series 63, Series 66 and Series 79 FINRA registrations. Outside of Broadmark, Mr. Fountain was a co-founder of WINGS: The Washington Medical Technology Angel Network, and formerly served as a Director. In addition to his role at WINGS, he has served on the Executive Committee for the WBBA's annual life science conference for several years. He joined the Board of Directors of the Seattle Opera in 2017 and currently serves on multiple committees. He is active in his church and resides north of Seattle with his wife, Emily, and their two children, Samuel and Stella. He enjoys riding his bike, cooking, brewing, fantasy baseball, and beekeeping.

Adam Fountain was named one of the Puget Sound Business Journal’s 40 under 40 for 2017.

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Jeffrey B. Pyatt, President, Pyatt Broadmark Management

Jeffrey B. Pyatt

Jeffrey Pyatt is a co-founder of Pyatt Broadmark Management and Broadmark Real Estate Management, and oversees all origination and underwriting of loans. 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. These companies had revenues ranging from less than $1 million to more than $700 million, both privately and publicly held. 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 in some form 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 is a past president and currently serves on the board of King County Sexual Assault Resource Center. He joined the KCSARC board in 2009. Mr. Pyatt is a founding board member of Change Making Change. Mr. Pyatt has served on the boards of three Boys and Girls Clubs, and continues to participate in various fund raising efforts on behalf of the clubs. He served on the board of Eastside F.C., a premier soccer club in the Northwest, including two years as board president. He is a co-founder of the Lake Washington Velo cycling club, and is active in the Marymoor Velodrome Association. Mr. Pyatt currently serves as a member of the King County Parks Citizens Oversight Committee.

Mr. Pyatt received his undergraduate degree in Accounting and a Master of Taxation degree from the University of Denver. He also attended Washington State University and the University of Tel Aviv as an undergraduate.

In his spare time, Mr. Pyatt is a competitive track cyclist and enjoys alpine skiing.

Mr. Pyatt is a co-owner of Shepherd Hill Livestock, a naturally-raised cattle and sheep ranch in eastern Colorado.

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Joanne Van Sickle, Controller, Pyatt Broadmark Management

Joanne Van Sickle

Joanne Van Sickle serves as the Controller for both Pyatt Broadmark Management and Broadmark Real Estate Management. Ms. Van Sickle has served as Controller for Private Lenders Group since 2005. Ms. Van Sickle began her career in 1983 as a CPA in the auditing department of Touche Ross. Between 1991 and 2004, she maintained a private accounting practice, working with small companies, mainly in the construction, real estate, and retail industries.

She continues to act as the part time administrator for The Glaser Foundation, a local private foundation with $15 million in assets, a position she has held since 1991. The foundation makes up to 100 grants each year to local charitable organizations providing direct line services, primarily to children and the elderly in the Pacific Northwest.

Ms. Van Sickle has lived in Bellevue since 1985 with her husband and three sons. Her two older sons are now serving in the US Navy.

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Alan Seidner, Senior Consultant, Broadmark Capital

Alan Seidner

A graduate of the University of Southern California School of Business, Seidner began his career with Merrill Lynch and then joined Security Pacific Bank as a Trust Investment Officer responsible for several large investment advisory accounts. Thereafter, he served as the Senior Government Securities Sales Representative in the Investment Department of the Bank for National Accounts. In 1980, Seidner formed his own investment management and consulting firm, Seidner & Company, Pasadena, CA, managing investment portfolios in excess of $700 million. Seidner & Company's client roster included healthcare organizations, high net worth private investors, major corporations, non-profit institutions and municipalities. In 1998, Seidner & Company ceased and its clients were invited to become clients of Fiduciary Trust International of California (FTIC). From 1998 until 2002, Seidner was an independent consultant, and a Senior Consultant to FTIC and its parent, Fiduciary Trust International, which merged with Franklin Resources, parent of Franklin Templeton. From October 2002 to June 2004 he served as a Senior Vice President, with FTIC with business development and client service responsibilities. From 2005 thru 2007, Seidner was a Senior Vice President at Denver Investment Advisors. Currently he is a Senior Consultant for Client Development with the Pyatt Broadmark Real Estate Lending Funds. He holds Series 7 and Series 63 FINRA registrations.

As an author, Seidner has written financial reference works, including: Corporate Investments Manual: Short & Intermediate Term Fixed Income Securities (Warren Gorham & Lamont Publishers, January 1989), which was used as a course text by the American Management Association. He co-authored with William O. Cleverley, Ph.D., Professor of Finance at Ohio State University, Cash and Investment Management for the Healthcare Industry (Aspen Publishing, November, 1989), He co-authored, with John Zietlow, Ph.D., a former Professor of Finance at Indiana State University, and JoAnne Hankin, former Vice President, Finance at the UCLA Foundation, Financial Management for Nonprofit Organizations (John Wiley & Sons, Inc., May 1998), and Financial Management for Nonprofit Organizations: Policies & Practices (John Wiley & Sons January 2007). He also co-authored Cash & Investment Management for Nonprofit Organizations with John Zietlow, Ph.D. (John Wiley & Sons April 2007).

He has served as a speaker on investment techniques and strategies at prominent financial conferences, such as those of The American Institute of Certified Public Accountants, as well as at the Graduate Schools of Business of Duke University, Ohio State University, the University of California (Berkeley), the University of North Carolina and the University of Southern California. Seidner has also provided testimony before Federal Government agencies on the measurement of pension fund investment performance.

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Geir Watland, Senior Consultant, Broadmark Capital

Geir Watland

Mr. Watland is an independent contractor representing Broadmark Capital and the Broadmark Real Estate Fund family as a strategic marketing consultant, and is an instrumental part of Broadmark's business development efforts. Through his consulting firm, Viking Financial Consulting, Mr. Watland has assisted a number of asset managers including numerous hedge funds, fund of hedge funds and our own real estate lending practice and has provided consultancy to a number of institutional and individual investors.

Mr. Watland began his career with the National Association of Securities Dealers (Now FINRA), as Sr. Compliance Examiner. He has since worked with Canterbury Consulting, Bank of America/US Trust, BlackRock/Merrill Lynch Investment Managers, Russell/Mellon Analytical Services and Rainier Investment Management in a variety of capacities including sales, marketing, institutional client relations and consulting. In these roles Mr. Watland has built networks of investors and asset managers in multiple countries.

Mr. Watland holds dual degrees in Business Administration and Economics from the University of Washington. He also holds the Chartered Financial Analyst designation, the Chartered Alternative Investment Analyst designation and the Series 7, 63 and 65 securities licenses.

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Timothy Stegner, Senior Consultant, Broadmark Capital

Timothy Stegner

Mr. Stegner is a Senior Consultant representing Broadmark Capital and the Broadmark Real Estate Fund Family. As a key member of our business development leadership team, he focuses on cultivating strong relationships with Financial Institutions and Registered Investment Advisors.

Stegner brings a 25-year track record of success in building businesses to Broadmark, having most recently served as a Managing Director at Nuveen Investments. Prior to Nuveen, he held several leadership positions with firms including BlackRock, Merrill Lynch, Pioneer Investments and Oppenheimer Funds. Based in Colorado, Stegner holds a Masters of Business Administration from the Thunderbird School of Global Management. He has completed post graduate professional education programs in Finance at the Wharton School of the University of Pennsylvania and the Haas School of the University of California at Berkley. He holds FINRA Series 7, 24, 63 and 66 licenses.

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Bryan Graf, Lending Manager, Pyatt Broadmark Management

Bryan Graf

Bryan Graf was born and raised in Central Washington, surrounded by a family actively involved in the real estate business there. At the University of Washington, he earned a Bachelor of Arts in Business Administration with a focus on finance and marketing. He also successfully completed a sales certificate program through the UW's Foster School of Business and was part of the Undergraduate Management and Consulting Association. Bryan is an alumni of University of Washington's Beta Theta Pi fraternity.

Before joining Pyatt Broadmark Management, LLC, Mr. Graf spent 3 years at Ewing and Clark, Inc., managing the personal real estate portfolio of the owner and specialized in leasing. This portfolio includes multi-family, mixed-use, and commercial buildings throughout the greater Seattle area.

Mr. Graf is a licensed real estate broker in Washington State and is in the process of obtaining the CCIM (Certified Commercial Investment Member) designation. He currently lives in the Magnolia neighborhood of Seattle and is a Tyee season ticket holder to University of Washington football. In his spare time he plays golf, basketball, and skis. Mr. Graf is on the Board of Directors at the Wallingford Boys and Girls Club and will continue developing the Club's success and help it remain fiscally healthy.

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Jessica Disman, Director of Investor Relations

Jessica Disman

Ms. Disman is responsible for investor relations and market development at Broadmark Capital, mostly pertaining to the Pyatt Broadmark and Broadmark Real Estate Lending Funds.

She joined Broadmark Capital in 2013 as a Marketing Associate, a position that was created as a response to the JOBS Act of 2012. Her responsibilities included developing strategic marketing partnerships, creating and implementing inbound and outbound marketing programs, and crafting Broadmark's messaging. As Broadmark's investor base grew, she became more involved in business development and investor relations.

She comes to us with over 15 years of experience in mortgage lending, sales and marketing. She holds an A.B. in English and Fine Art from Bryn Mawr College, and Series 7 and 63 FINRA securities licenses.

In her spare time she enjoys painting, drawing gorillas at the zoo, looking at art, hiking, skiing and finding really great sandwiches.

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