HATFIELD, PA – October 22, 2008 – Clemens Development, LLC closed on a $19,000,000 construction loan with Wilmington Trust for its Hatfield Pointe retail center project in Montgomery County, Pennsylvania. Clemens Development, LLC is a real estate subsidiary of The Clemens Family Corporation which owns Hatfield Quality Meats, Inc., a leading manufacturer and supplier of fresh and processed quality pork products such as hams, bacon, sausage, hot dogs and deli meats.
Principals of Fairmount Partners acted as advisors to Clemens Development, LLC in the arrangement of this financing.
Fairmount Partners is a registered Broker Dealer, member FINRA (www.finra.org) and SIPC (www.sipc.org).
Contact: Charles N. Eckert, Director