FINANCIAL_SERVICESAPPROVED

Berks County Industrial Development Authority Awards Financial Services Contract to Spring Garden Lending (May 2026)

The Berks County Industrial Development Authority approved mortgage subordination to new lender Spring Garden Lending on the Shuman Development Group property at 600 Penn Street in Reading. This action accommodates new financing while preserving BerksIDA’s interests.

Status
APPROVED
Document date
May 11, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Spring Garden Lending
Agency
Berks County Industrial Development Authority · PA

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract type
FINANCIAL_SERVICES
Renewal
Subordination agreement tied to the term of Spring Garden Lending’s loan; no explicit renewal terms stated.
Document type
Minutes
Source document
Berks County Industrial Development Authority Minutes 2026-05-11

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Berks County Industrial Development Authority?

Spring Garden Lending was awarded this financial services contract by Berks County Industrial Development Authority, as recorded on May 11, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Berks County Industrial Development Authority Minutes 2026-05-11 (Minutes), dated May 11, 2026 from Berks County Industrial Development Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Spring Garden Lending hold?

Spring Garden Lending may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Spring Garden Lending's profile

What is Berks County Industrial Development Authority currently buying?

Explore Berks County Industrial Development Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Berks County Industrial Development Authority's profile

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