Scottsdale, AZ - 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."