Jumpstart, a real estate financing and education company founded by local developer Ken Weinstein, has expanded its loan program to Montgomery County.
Aimed at small-scale real estate developers, the program is open to any real estate developer in the county, including graduates of the Jumpstart Norristown and Jumpstart Pottstown training programs.
The programs aim to mentor aspiring developers and provide networking and financing opportunities to them.
Weinstein told the Local that the approach in Montgomery County is the same model as in Philadelphia.
“There may be fewer …
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Jumpstart, a real estate financing and education company founded by local developer Ken Weinstein, has expanded its loan program to Montgomery County.
Aimed at small-scale real estate developers, the program is open to any real estate developer in the county, including graduates of the Jumpstart Norristown and Jumpstart Pottstown training programs.
The programs aim to mentor aspiring developers and provide networking and financing opportunities to them.
Weinstein told the Local that the approach in Montgomery County is the same model as in Philadelphia.
“There may be fewer neighborhoods in Montgomery County where the Jumpstart loan program works, but they certainly exist, especially in municipalities like Norristown and Pottstown,” Weinstein said. “We have hundreds of graduates of the Jumpstart program who live in Montgomery County, and they’ve been asking us for this loan program so they can expand their work.”
The expansion follows a $750,000 line of credit from HealthSpark Foundation, matched with funding from a private investor and JPMorgan Chase.
“Expanding our loan program into Montgomery County will support the creation of more affordable housing while giving local residents greater opportunities to invest in and improve their own communities,” Weinstein said in a press release.
