4701 Germantown Avenue, 3rd Floor
Philadelphia, PA 19144
Angie Williamson, Director
(215) 247-5555 ext. 211
Who we are
Jumpstart Germantown, a unique community development program, spearheaded by Philly Office Retail, works to revitalize the Germantown section of Philadelphia, and surrounding communities through training, mentoring, networking and providing financial resources to local aspiring developers. Jumpstart uses a collaborative approach to real estate development, emphasizing the sharing of resources and information, because we can do more together than we can do alone.
What we do
creates opportunities for local residents to invest and develop in their neighborhoods
builds wealth locally
supports scattered-site rehabilitation (as opposed to urban renewal)
encourages a healthy mix of affordable and market-rate housing
improves neighborhood safety and raises property values through blight reduction
helps first-time investors become more attractive to traditional lenders
promotes diversity, changing the face of real estate development
We are seeking experienced or aspiring developers who are community minded and share our interest in the future of Germantown, and its adjacent communities. Jumpstarters should be committed to blight removal, creating more quality, affordable housing, and making Germantown a better place to live, work and enjoy.
Jumpstart Germantown Initiatives
1) TRAINING PROGRAM
The Training Program consists of 4 classes, each on Wednesday afternoon. Using our comprehensive Jumpstart curriculum and PowerPoint Presentation you’ll learn about the 7 JumpSteps of real estate development and visit a local construction site.
The Training Program introduces less experienced developers (with 0 - 5 previous renovation projects) to the basics of real estate development, including property sourcing, due diligence, financing, design and construction, and leasing and selling. Upon graduation, participants are paired with an experienced mentor to guide them through their next development projects.
If you are interested in serving as a Jumpstart mentor, click here.
If you are an aspiring real estate developer, we encourage you to apply for the Training Program today. Currently we have a Fall 2019, Early Winter 2019 and Late Winter 2019 Program scheduled. We fill spots for each program by going down our wait list. Applicants will typically have to wait 3-6 months.
Interested applicants must have a commitment to revitalizing Germantown. The focus of Jumpstart Germantown is not only financial gain for the participant. Jumpstart Germantown is devoted to changing Germantown for the better and we ask that only candidates with a similar mission apply.
There is a $100 participation fee, $80 of which will be donated to Habitat for Humanity with the remaining $20 covering the cost of the Training Workbook . You don’t need to pay the $100, however, until you accept an invitation to attend.
Mini Training Sessions
Beginning Fall 2019, we’ll hold weekly mini-training sessions, on topics ranging from Title Insurance to Construction Budgeting and Staging to Permitting. It's real estate development education à la carte! These 1.5 hour sessions are open to anyone. Each session will be led by industry professionals and include time for networking.
Once scheduled, all mini-training sessions will be listed on our Jumpstart calendar. Click below to view the schedule and register online.
2) DEVELOPERS’ NETWORK
The Developers’ Network creates opportunities to make connections and build mutually beneficial relationships. Through networking events and social media, like-minded developers, industry leaders and neighborhood stakeholders connect, share resources, and learn from one another.
Jumpstart Germantown hosts up to 4 Developers’ Network events annually. At each event, participants hear from informative speakers or panelists, have plenty of time to network and enjoy a complimentary dinner, courtesy of a Network sponsor. By joining, you’ll receive email invites to all Developers’ Network events.
Between Network events, local developers and others communicate via Jumpstart Germantown’s Facebook Page, providing an ongoing dialogue of helpful ideas and suggestions. You can make recommendations, request referrals, and share resources.
3) LOAN PROGRAM
The Jumpstart Germantown Loan program offers financing for the acquisition and renovation of residential properties in Germantown and its adjacent neighborhoods. The Loan Program is available to both experienced and novice developers but first-time developers are encouraged to participate in the Training Program.
The Jumpstart loan process mimics a bank loan process to help prepare aspiring developers for future funding from traditional banking institutions. Jumpstart requires loan applicants to complete an online application and attach a pro forma, comps and construction budget.
Jumpstart is more than a bank, however. 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.
Visit our Loan Program page for details on the Jumpstart Germantown Loan program and the application process.
Is your project property outside of our lending boundaries? If you're a graduate of a Jumpstart Training Program, you can now apply for 85% LTC financing for residential projects in the Jumpstart neighborhoods of Hunting Park, North Philly West, Southwest Philly, Tioga and West Philly. All details, and the application, are now available at www.JumpstartPhilly.com