“Constructive Insights” Spring Garden Lending’s Philadelphia e-newsletter February edition…all about our new Permanent Plus …up to 30 year fixed rate financing

Spring Garden Lending’s new Permanent Plus financing gets a shout out in biznewsPA, a Central PA enewsletter

105.7 The Fan sports broadcaster Rob Long talks Spring Garden Lending with Director of Commercial Lending/SVP Pete Pecoraro…

 


Tune into 97.5 as sports broadcaster Anthony Gargano chats with Bob Marino, Spring Garden Lending’s President of the Mid-Atlantic region, about Spring Garden Lending’s new product…Permanent Plus, a 30 year fixed rate financing for the real estate communit

 


"Spring Garden Lending goes beyond bridge loans, expects to grow lending by up to 50%" as reported in the Philadelphia Business Journal

By: Jeff Blumenthal Reporter, Philadelphia Business Journal  Spring Garden Lending, the provider of bridge financing to local real estate developers led by former Valley Green Bank CEO Jay Goldstein, is entering uncharted territory with a longer term fixed rate financing product. Called Permanent Plus, the new loans offer up to 30-year fixed rate financing for real estate developers working on single family homes with one to four units and multifamily homes of five to eight units. Goldstein said the loan program will most likely top out at 16 to 20 homes per project, though a borrower could take out more than one loan at the same time. The high-water mark would most likely be around $5 million per loan. “This allows us to leverage existing relationships with clients and offer them a new product as well as attract new clients who hadn’t worked with us before,” Goldstein said. Goldstein admitted that the certainty of a 30-year fixed loan comes with higher interest rates abo ...

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“Constructive Insights” Spring Garden Lending’s Lancaster e-newsletter January 2021 edition… Central Penn Business Journal reported on the low inventory and rising home sales for the Harrisburg region

“Constructive Insights” Spring Garden Lending’s Philadelphia e-newsletter January edition…an overview of the legislative activity coming out of Philadelphia City Council at the end of 2020 that affects the housing market

“Constructive Insights” Spring Garden Lending’s DC e-newsletter January 2021 edition… The DC Area Housing Market in 2020… Bright MLS declares “perhaps the strongest market on record for the region.”

“Constructive Insights” Spring Garden Lending’s Baltimore e-newsletter January 2021 edition… The Baltimore Business Journal reports “2020 residential sales in the Baltimore metro area deemed ‘historic’”

Philadelphia makes it onto Conde Nast’s The Best Destinations in the World: The 2021 Gold List

The author writes…”There’s really something special about Philadelphia, about the way it doesn’t care for pretense or about what anyone else thinks of it. One place I return to both in daydream and reality is Fairmount Park, behind the famed art museum, and the miles-long pathway that traces a circle around that part of the Schuylkill River. I think about the Italian Market and its small world of vendors, about the mosaics glinting in the sun, the digestible chaos of Chinatown, the essential, if flawed, sense of American history, the beautiful, dilapidated row houses that speak to the promise of equality we haven’t yet reached as a country. Spiritually, it’s my city.” Here’s the whole article: https://www.cntraveler.com/gallery/best-destinations-in-the-world-gold-list.

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