HATFIELD, PA – May 11, 2009 – Funks Road Properties, LLC, a subsidiary of Clemens Development, LLC, closed on a $12,800,000 construction loan with Univest National Bank and Trust Co. and Fulton Bank for the 100,000 square foot expansion of Hatfield Quality Meats, Inc.’s cold storage warehouse capacity. 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