Who We Are

Building on the success and impact of the Jumpstart Germantown Loan Program, we are now providing loans in other areas of Philadelphia with a Jumpstart Training Program. The Jumpstart Philly Loan Program will be administered by the same people who coordinate Jumpstart Germantown.

We are excited to work with the Jumpstart community to reduce blight, build wealth locally, encourage a healthy mix of affordable and market-rate housing, and encourage first-time investors to become more attractive to traditional lenders



4701 Germantown Avenue 3rd Floor
Philadelphia, PA, 19144


Angie Williamson, Program Director angie@phillyofficeretail.com
(215) 247-5555 ext. 211


The Jumpstart Philly Loan program offers financing for the acquisition and renovation of residential properties in targeted Philadelphia neighborhoods. The Loan Program is available to developers who have graduated from a Jumpstart Training Program.

The Jumpstart Philly Loan Program process mimics a typical bank loan process to help prepare aspiring developers for future funding from traditional banking institutions. Jumpstart Philly requires loan applicants to complete an online application and attach a pro forma, comps and construction budget.

Jumpstart Philly is more than a bank.  We are a non-traditional, mission driven lender that can move quickly to help you compete in a competitive real estate market and guide you along the way.  


Jumpstart Philly provides loans in areas where Jumpstart Training Programs exist without Loan Programs. Jumpstart Philly provides loans in the following Jumpstart areas:

  • Jumpstart Hunting Park

  • Jumpstart North Philly West

  • Jumpstart Southwest

  • Jumpstart Tioga

  • Jumpstart West Philly

The two Jumpstart Programs listed below operate their own loan programs. Contact them directly to apply if your project property is within their boundaries.

Click on the map below and enter your property address in the search bar to see if it falls within our lending boundary.


  • Loans up to 85% of total cost of acquisition and construction.

  • 12 months to purchase, renovate and either sell or refinance.

  • Three month extensions permitted on a case by case basis (not to exceed 18 total months, extension fees apply).

  • 1st Lien placed on property – additional collateral may be required.

  • Lender’s title insurance policy required.

  • Personal guarantee of all borrowers required.

  • Interest only loan payments due after construction is completed.

  • Funding will be advanced as work is completed. No construction funds disbursed at settlement.

  • Due to state and federal regulations loans cannot be for the borrower’s primary residence.

  • Maximum loan per property: $350,000

  • No outstanding liens on property at the time of loan closing

  • Maximum amount of outstanding loans for a borrower is $500,000

  • Affordability restrictions apply: See chart for rent/sales restrictions.

    • Rental properties at 70% AMI (Area Median Income)

    • For-sale properties at 90% AMI (Area Median Income)

Exhibit A


  • $225 Initial Inspection Fee - (Non-refundable, due prior to initial site inspection and applied towards the $1500 Loan Commitment Fee if approved)

  • 9.03% Annual Interest - (The interest rate resets on the first of every month. The rate is set at 350 basis points over our cost of funds)

  • $1,500 loan commitment fee – (Includes up to 4 draw inspections, each additional inspection is $250)

  • $275 Legal fees - (Rolled into the loan, additional fee if more than 2 borrowers/members)

  • 2% Loan Fee - (Rolled into the loan)

  • 2% Extension Fee - (If needed, each additional 3 month period will cost 2% of the total loan amount. Maximum of 2 extensions).

  • All expenses are the responsibility of the borrower (title, recording, transfer tax, etc.)

JPhilly Loan Example for Webpage.png

loan application process

Loan applications are project specific. Once you find the property you’re interested in purchasing and renovating, submit an online application. We will evaluate your completed online application and respond with any questions or concerns. If the property is already under agreement, we will schedule a site inspection within 1-2 business days. There is a non-refundable $225 fee for the initial inspection (it will be applied towards the commitment fee is approved). The borrower must be present for the inspection - this is a time for Jumpstart Philly to review the construction budget and scope of work on-site..

If the property is not yet under agreement, Jumpstart Philly can issue a pre-approval letter if the project numbers are acceptable. All pre-approvals require a completed application and can take up to one business day to process.

If your loan application is approved, we will issue a Letter of Commitment, which you must sign within 15 days and return with your $1,500 commitment fee. Prior to settlement, Jumpstart Philly will require a lender’s title policy, proof of builders’ risk insurance and a copy of your LLC’s operating agreement (if applicable).

At loan closing, you will be asked to review and sign loan and mortgage documents in order to receive funding for your project. Please note all members of the business entity will be required to sign the loan documents.

No construction funds are disbursed at closing.  The borrower is responsible for funds needed to start construction. When ready, you will submit draw requests and Jumpstart Philly will conduct inspections. You will receive a check or wire transfer for the approved amount, 3-4 days after each inspection. Prior to receiving your first draw, you must submit a copy of your City of Philadelphia Commercial Activity License.

Any incomplete loan applications will not be considered for funding. Loan applications must include a construction budget, estimated cost of acquisition, profit & loss statement and comparable value of similar homes in the area (comps).  These are found as separate tabs/worksheets within the excel file below.

To apply:

complete BOTH of the following. attach the pro forma file to the application