Jay returns to Kleinbard as Of Counsel while also serving as Chief Executive Officer and Chairman of Spring Garden Lending, a private lending group providing bridge and permanent loans to real estate developers. There he has raised $15 million in equity and $45 million in bank financing. Since opening in 2016, Spring Garden Lending has provided over $75 million in loans in Philadelphia, Southeastern Pennsylvania and Southern New Jersey. The Company recently expanded to Baltimore.
Prior to Spring Garden Lending, Jay was President and Chief Executive Officer of Valley Green Bank for 9 years. In that role he raised $25 million in equity and grew the bank to over $400 million in assets. In 2015 the bank was acquired by Univest Bank and Trust Company. In addition, Jay has co-founded a real estate investment fund targeting the renovation and development of commercial properties in Philadelphia.
During his previous 13 year tenure as a Kleinbard partner, Jay’s practice concentrated in the areas of emerging businesses and economic development. In his new role at Kleinbard, Jay continues to act as a strategic advisor and counselor to clients seeking experienced business judgment and legal analysis relating to real estate and finance.
American University, Washington College of Law (J.D., 1987)
Outstanding Graduate Award
Editor-In-Chief, American University Journal of International Law
State University of New York, Binghamton (B.A., with honors, 1984)
Jay is actively involved in Philadelphia’s civic community serving as: