News: Long Island

Burns of State Bank appointed to REPI board of directors

State Bank (the "Bank") vice president, Joseph Burns, was appointed to the board of directors of the Real Estate Practitioners Institute of Long Island (REPI). Burns has nearly 20 years of banking experience and currently serves in the Bank's commercial real estate lending division where he specializes in secured debt on multi-family housing, retail, office, and industrial properties throughout the tri-state area. REPI was founded to serve the real estate community by providing a forum for discussion and courses of general and specific interest. They are a multi-faceted educational resource with programs designed to meet a variety of needs both for the industry and the public. State Bank maintains its corporate headquarters in Jericho in addition to its seventeen branches located in Nassau, Suffolk, Queens and Manhattan. The Bank has built a reputation for providing high-quality personal service to meet the needs of our diverse customer base which includes commercial real estate owners and developers, small to middle market businesses, professional service firms, municipalities and consumers. The Bank maintains a web site at www.statebankofli.com with corporate, investor and branch banking information.
MORE FROM Long Island

Suffolk County IDA supports expansion of A&Z Pharmaceuticals

Hauppauge, NY The Suffolk County Industrial Development Agency (IDA) has granted preliminary approval of a financial incentive package that will assist a manufacturer in expanding its business by manufacturing more prescription (Rx) pharmaceuticals in addition to its existing over-the-counter
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Columns and Thought Leadership
The evolving relationship of environmental  consultants and the lending community - by Chuck Merritt

The evolving relationship of environmental consultants and the lending community - by Chuck Merritt

When Environmental Site Assessments (ESA) were first part of commercial real estate risk management, it was the lenders driving this requirement. When a borrower wanted a loan on a property, banks would utilize a list of “Approved Consultants” to order the report on both refinances and purchases.