SCOTTSDALE, Ariz., Dec. 21, 2016 /PRNewswire/ -- Spring Tree Lending, LLC is now licensed to acquire automobile loans in Arizona. Spring Tree, based in Atlanta, Georgia, is an affiliate company of DPG Investments, LLC of Scottsdale, Arizona. Spring Tree buys and services non-prime auto loans from small and mid-size auto dealers and lenders in the southeastern US, and is now expanding its reach into Arizona.
DPG and Spring Tree Chairman Dan Galvanoni said, "Spring Tree's capital markets needs will be addressed from our Scottsdale office, while operations will continue to be managed out of the Atlanta office. Spring Tree is focused on growing nationally, with an initial focus on key markets throughout the western United States. Spring Tree's 2017 goal is to acquire a minimum of 2,000 loans or $20,000,000 in face value. Spring Tree is keen to take advantage of the current opportunities in the non-prime auto loan market."
Jerry Hudspeth, CEO of Spring Tree and Managing Director of DPG, commented, "This expansion into Arizona is one step in the company's growth plan in this important and dynamic segment. We are researching markets that are geographically close to our two home markets of Georgia and Arizona to answer the strong demand for our loan services. We are also developing additional services to continue expanding our relationships with independent auto dealers."
About DPG: DPG Investments, LLC and its affiliates provide global alternative investment management and advisory services. With offices in Arizona, California, and Georgia, DPG was founded in 2004 from a top tier family office. DPG is a recognized, premier multi-strategy global private equity, merchant banking, alternative investment, and multi-family office advisory firm.
DPG's diversified private investor base is comprised of a select group of cutting-edge, ultra-high net worth and high net worth private family offices, offshore affiliates, private equity firms, public capital corporations, top tier hedge funds, insurance companies, endowments, pension plans and various best-in-class operating partners.
As a financier, investor or merchant banker structuring in excess of $1.5 billion in capital commitments since 2004, DPG currently has 26 private equity holdings with a current focus on global consumer finance products, financial services, specialty finance platforms, real estate, alternative energy, oil and gas, natural resources, entertainment and media, special situation and distressed investing, selective venture capital, direct private lending, structured credit products and fund vehicles.
DPG takes pride in delivering customized capital solutions in a disciplined entrepreneurial system.
The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements.
Contact: Rita Hollingsworth/RMH Media
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SOURCE DPG Investments, LLC