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Spring Garden Lending

Spring Garden Lending

Philadelphia, Pennsylvania
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Spring Garden Lending

990 Spring Garden St, Ste 602, Philadelphia, PA 19123
215.282.8440
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Vetted Provider

This vendor has been evaluated and confirmed as active, reputable, and qualified to lend.

About

$2B+
Capital Deployed
Spring Garden Lending is the private lending division of Spring Garden Capital Group, headquartered in Philadelphia, PA. Founded on the principle of common-sense lending with a relationship focus, Spring Garden Lending has made over $2 billion in real estate loans over 20 years through a team of lenders averaging 20+ years of individual experience. With offices in Philadelphia, New York Metro, Baltimore, Pittsburgh, Boston, Washington D.C., and Columbus/Cincinnati, Spring Garden Lending serves real estate investors across the Northeast, Mid-Atlantic, and Midwest with acquisition, construction, and permanent financing. Their flexible underwriting relies on common sense rather than arbitrary rules, and they offer transparent terms — the rate quoted is the rate at closing. Spring Garden Lending provides speed and flexibility that banks can't match, at rates lower than typical hard money lenders.

Key Differentiators

Why investors choose this lender:

  • Mid-Atlantic regional specialist — deep expertise across PA, NJ, NY, MD, DC, VA, MA, and OH investment markets
  • Fix-and-flip, construction, and DSCR — covers the full buy, build, and hold investor cycle without short-term bridge
  • Philadelphia HQ — embedded in one of the most active residential investment markets on the East Coast
  • Relationship-driven underwriting — local team with hands-on knowledge of the dense Mid-Atlantic corridor

Where They Lend

Regional
PA, NJ, NY, MD, DC, VA, MA, OH
Spring Garden Lending operates through local offices in Philadelphia, New York Metro (Melville, NY), Baltimore, Pittsburgh, Greater Boston, Washington D.C., and Columbus/Cincinnati Metro. Active lending markets include Pennsylvania, New Jersey, New York, Maryland, DC, Virginia, Massachusetts, and Ohio. All programs limited to Spring Garden's active office markets — contact the local team for specific county and market coverage.

Loan Types, Structures and Terms

Up to $6,500,000
Typical Loan Amounts
Up to 24 Months (Construction)
Typical Terms
Below Hard Money Rates
Typical Interest Rates
Contact for Terms
Typical Points
Spring Garden Lending offers Acquisition/Construction for-sale (up to 75% LTV, 85% LTC), New Construction/Construction-to-Hold for rental (75% LTV, 85% LTC, min 1.2 DSCR, up to 30-yr amort), and Acquisition/Refinance for stabilized rentals (75% LTV, min 1.2 DSCR). Max loan $6.5M.
Fix-and-Flip
New Construction
Rental (DSCR)
Spring Garden Lending's Acquisition/Construction (for-sale) program finances SFR, townhome, and condo builds or rehabs-to-sell at up to 75% LTV and 85% LTC, with draws within 48 hours via an in-house construction management team.
For-Sale Construction FeatureStructure & Terms
Program DescriptionSpring Garden's Acquisition/Construction (for-sale housing) program finances single-family homes, townhomes, and condo developments intended for sale at completion. This covers both ground-up new construction and rehab-to-sell projects in Spring Garden's active lending markets across the Northeast, Mid-Atlantic, and Midwest.
Property TypesSingle family homes, townhomes, and condo developments. For-sale projects only (not rental hold). Active markets: Philadelphia Metro, New York Metro, Baltimore, Pittsburgh, Greater Boston, Washington D.C., Columbus/Cincinnati Metro.
Loan Limits & TermsLoans up to $6.5 million | Up to 24 months interest-only | Interest from reserve during construction period | No monthly out-of-pocket interest payments during build phase
Leverage RatiosUp to 75% LTV (loan-to-value) | Up to 85% LTC (loan-to-cost of construction/rehab) | Rates lower than typical hard money lenders due to relationship-based underwriting
Draw ProcessDraws funded within 48 hours of inspection. In-house construction management team conducts inspections — not third-party. Use FlipperForce to track draw schedule and protect contractor payment timelines throughout the project.
Key AdvantagesRates lower than hard money lenders. Transparent terms — no bait and switch. Lenders with 20+ years avg experience. Relationship-driven underwriting with no arbitrary rules. Local teams in each market understand local comps, contractors, and permit timelines. Speed and flexibility that banks can't match.
Spring Garden Lending's Acquisition/Construction/Hold program provides construction and permanent DSCR financing in one loan for 1-4 family, multifamily, and mixed-use rental projects, with up to 75% LTV, 85% LTC, min 1.2 DSCR, and 30-year amortization.
Construction-to-Hold FeatureStructure & Terms
Program DescriptionSpring Garden's Acquisition/Construction/Hold program provides construction and permanent financing in a single loan for rental housing projects. This eliminates the need for a separate refinance after construction completion — the loan automatically converts to permanent amortizing financing once the property is stabilized and meets DSCR requirements.
Property Types1-4 family, multifamily, and mixed-use properties with 75%+ of income from residential rents. Applies to both ground-up construction and rehab projects intended for rental hold. Active markets: Philadelphia Metro, New York Metro, Baltimore, Pittsburgh, Greater Boston, Washington D.C., Columbus/Cincinnati Metro.
Loan Limits & TermsLoans up to $6.5 million | Construction and permanent financing in one loan | Interest-only from reserve during construction period | Up to 30-year amortization on permanent phase | No refinance transaction required at stabilization
Leverage & DSCRUp to 75% LTV | Up to 85% LTC construction costs | Minimum 1.2 DSCR at permanent phase | Up to 30-year amortization schedule | Draws within 48 hours of inspection
Key AdvantagesSingle-close construction-to-perm eliminates refinance risk and transaction costs. In-house construction management team for fast draws. Relationship-based underwriting — no arbitrary rules. Rates lower than hard money lenders. Local teams understand each market. Transparent terms with no bait-and-switch.
Spring Garden Lending's Acquisition/Refinance program provides permanent financing for stabilized 1-4 family, multifamily, and mixed-use investment properties at up to 75% LTV, min 1.2 DSCR, and up to 30-year amortization — loans up to $6.5M.
Rental / Refinance FeatureStructure & Terms
Program DescriptionSpring Garden's Acquisition/Refinance (for stabilized investment properties) provides long-term permanent financing for already-stabilized rental properties. This is a traditional DSCR/investment acquisition and refinance product for properties that are fully leased and cash-flowing. Available in all of Spring Garden Lending's active office markets.
Property Types1-4 family, multifamily, and mixed-use properties with 75%+ of income from residential rents. Stabilized (fully leased) investment properties. Active markets: Philadelphia Metro, New York Metro, Baltimore, Pittsburgh, Greater Boston, Washington D.C., Columbus/Cincinnati Metro.
Loan Limits & TermsLoans up to $6.5 million | Up to 30-year amortization | Available for acquisition and refinance of stabilized properties | Minimum 1.2 DSCR
Leverage & DSCRUp to 75% LTV | Minimum 1.2 DSCR | Up to 30-year amortization | Rates lower than typical hard money lenders due to relationship-based underwriting and direct balance sheet capital
Key AdvantagesRelationship-driven underwriting — not algorithmic. Lenders with 20+ years of experience know your market. Transparent terms with no bait-and-switch. BRRRR path: build or rehab using Spring Garden's construction programs, then refinance into their Acquisition/Refinance permanent program with the same lender. Use FlipperForce's BRRRR Analyzer to model the exit DSCR before starting construction.
Don't lose the deal waiting on financing. Apply now and get pre-approved today.
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Borrower Qualifications (Are you qualified?)

Spring Garden Lending uses flexible, common-sense underwriting with no arbitrary rules. Lenders average 20+ years of experience. DSCR and construction-to-hold loans require minimum 1.2 DSCR. No published minimum FICO. Transparent terms — the rate quoted is the rate at closing.
Qualification ParameterLender Requirements
Experience LevelsSpring Garden Lending uses flexible, common-sense underwriting — no arbitrary rules. Lenders have an average of 20+ years of experience and underwrite each deal individually. No stated minimum project count; deals are evaluated on borrower track record, project feasibility, and market knowledge.
Credit & IncomeNo published minimum FICO. Underwriting is relationship-driven and deal-specific. DSCR rental and construction-to-hold programs require a minimum 1.2 DSCR. Stabilized investment properties (Acq/Refinance) require minimum 1.2 DSCR with up to 30-year amortization. Spring Garden Lending offers rates lower than most hard money lenders due to relationship-based underwriting.
Property RequirementInvestment properties only — no owner-occupied. Residential, multifamily (1-4 family and larger), and mixed-use (75%+ residential rents) accepted. Maximum loan: $6.5 million. All programs: up to 75% LTV and 85% LTC on construction/rehab costs. Must be in Spring Garden's active lending markets.
Entity & StructureNo stated entity requirement published. Spring Garden Lending emphasizes relationship-driven underwriting with transparent terms — the rate quoted is the rate at closing. No bait-and-switch. Contact local Spring Garden team directly to discuss entity and documentation requirements for your specific market and deal type.

Underwriting Process (How long will it take to get approved?)

Spring Garden Lending uses flexible, common-sense underwriting by lenders with 20+ years of experience. No arbitrary rules — each deal is evaluated on its merits. Transparent terms: the rate quoted is the rate at closing. Local teams in 7 markets provide market-specific knowledge.
Stage / RequirementProcess & Approach
Underwriting PhilosophyCommon-sense, relationship-driven underwriting by lenders with an average of 20+ years of experience. Spring Garden Lending does not use arbitrary qualification rules — every deal is evaluated on its own merits, borrower track record, and local market conditions. Each market has a dedicated local lending team.
Rate TransparencyNo bait-and-switch. The terms offered are the terms at closing — Spring Garden Lending does not reduce the rate at application only to change terms later. This is a stated differentiator. Rates are offered below typical hard money lender levels due to direct balance-sheet capital and relationship-based structuring.
Speed vs. BanksSpring Garden Lending offers speed and flexibility that banks can't match. As a private direct lender, they are not constrained by bank committee processes or secondary market guidelines. Local teams can make decisions quickly based on local market knowledge and direct borrower relationships.
Local Market TeamsDedicated local offices and lending teams in Philadelphia, New York Metro, Baltimore, Pittsburgh, Greater Boston, Washington D.C., and Columbus/Cincinnati Metro. Local lenders understand neighborhood-level dynamics, local contractors, and market-specific permit timelines. Contact the local Spring Garden team for your market directly.

Draw Process (How long will it take to get draws?)

Spring Garden Lending funds draws within 48 hours of inspection on construction and rehab projects. Their in-house construction management team handles draw inspections and oversight. Use FlipperForce to schedule and track draw requests throughout your project.
Operational StepMethodology & Timelines
Draw Funding SpeedDraws funded within 48 hours of inspection. Spring Garden Lending has an in-house construction management team that handles site inspections before releasing draw funds. This allows them to move faster than lenders using third-party inspection services. Interest on construction and rehab programs is interest-only from reserve during the construction period.
Inspection MethodIn-house construction management team conducts draw inspections — not third-party inspectors. This is a significant operational advantage: faster draws, better market knowledge, and direct communication with the lender team during your project. Local teams in each market oversee construction draw review.
Interest During ConstructionInterest-only from reserve during the construction period. On construction-to-hold (rental) programs, interest during construction is funded from a reserve — not out-of-pocket monthly — reducing cash flow pressure until the permanent loan phase activates. This applies to both the Acquisition/Construction and Acquisition/Construction/Hold programs.
Construction-to-PermThe Acquisition/Construction/Hold program combines construction financing and permanent DSCR rental financing in one loan — eliminating the refinance transaction and associated costs after construction completion. The loan transitions directly from construction phase to 30-year amortization on stabilization, with minimum 1.2 DSCR required at permanent phase.