From The Evening Bulletin, Homes-Real Estate Section, Saturday, October 12, 1963.
Conventional mortgages of up to 90 percent for periods ranging to 30 years will be provided by Cayuga Federal Savings & Loan Association to individual buyers in University Mews, 46th (sic) and Spruce sts.
The S & L is also financing the construction of the group of 46 town houses there. The amount is $840,000.
The terms, more favorable to buyers, were made possible, according to Robert B. Speetles, Cayuga vice president, by a recent federal regulation opening new fields of home mortgage lending by recognizing the future in town houses. University Mews is a positive step in the right direction.
"Not only do we feel the location and the individual homes being built are a good value, but we also look to a good future for condominiums in high density areas."
University Mews offers many floor plans in homes arranged about a carefully landscaped and brick-paved commons. Many of its first residents are professional, some of them on the faculty or staff of the University of Pennsylvania.
Hertzfeld & Horowitz, Associates, are the sales agents for this, the first cer- (last line of article unreadable.)