Fast and Friendly Financing for Philadelphia’s Future

March 2025

JUMPSTART PHILLY JUMPINAR

Did you miss our JUMPinar? If so - don't fear - you can watch it now on YouTube! We talk about the objectives of our loan program, eligibility (it's not just for Jumpstart grads), loan terms, and the application process. And we answer tons of audience questions!

PHILADELPHIA REAL ESTATE TAXES

DUE SOON!

If you own property in the City of Philadelphia - don't forget city real estate tax payments are due by March 31. If you're a Jumpstart Philly borrower - you are responsible for making all tax payments. You can pay online at the City's website.

What happens if you don't pay on time?

If you fail to pay your Real Estate Taxes by March 31, increased charges – which include interest – will be added to the principal amount of the tax. Collectively called “additions,” these charges accrue at the rate of 1.5% per month, beginning April 1 until January 1 of the following year.

If the taxes remain unpaid on January 1 of the following year:

A 15% maximum addition is added to the principal balance.
The taxes are registered delinquent.
Liens are filed in the amount of the total delinquency, including additions.
The City can begin the process of selling your home at a sheriff sale.

Can you be excused from paying the tax?

The City offers a number of abatement and exemption programs for Real Estate Taxes. Two that may apply to your investment properties include:

Property tax abatements for both residential and commercial projects. Abatements encourage new construction or the rehabilitation of properties by making them more affordable.

Catastrophic loss adjustment for people whose property has been damaged by a fire or other natural disaster. To qualify as a catastrophic, the damage must result in a decrease of 50% or more in property value.

MARK YOUR CALENDARS

BORROWER HIGHLIGHT

Meet Jason Ferguson, who closed on his first loan with Jumpstart in December for a Buy & Sell project in Southwest Philly.

Jason's goal for this project is to complete the rehab quickly and efficiently, and with over 20 years of experience in construction and remodeling, we believe the expertise and dedication required to complete a successful transformation.

Our loan isn't just for first time borrowers or inexperienced developers - we're open to all! Learn more and apply now at JumpstartPhilly.com