Jay Goldstein, Of Counsel to Kleinbard and Chief Executive Officer and Chairman of Philadelphia-based Spring Garden Lending, is quoted in the Philadelphia Business Journal, on Spring Garden Lending’s longer term fixed rate financing product. The new offerings, called Permanent Plus, 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.
“We thought this was the best way to go, rather than reselling them to some company that we don’t have a relationship with,” Goldstein said. “From a customer service standpoint, we feel better knowing they are being serviced by a familiar company.”
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