2 /5 Gaetano: Contacted SInger in 2011 for a construction loan in Fishtown for two lots I owned directly next to what is now PFCU Bank in a historic building. I owned the lots free and clear and had around $70.000 in the bank. I have 30 years of experience in Architecture + Development. They felt that Fishtown was too speculative and risky. I also owned and still own a property in Sharswood part of Brewerytown purchased in 2015. That was also too speculative for them. Clearly they did not understand the Philadelphia market like I do. Look at Fishtown now or Brewerytown, I doubt one would categorize them as a speculative investment.



