News: Long Island

Classi of GCP arranges $12.95 million in financing for two senior apartment complexes

Matthew Classi, GCP

West Sayville, NY GCP Capital Group LLC has arranged $12.95 million in combined financing for two 55+ senior citizen apartment complexes containing a total of 18 two-story buildings and 164 units in West Sayville and Islip, Suffolk County. Matthew Classi, managing member of GCP Capital Group, arranged the financing for these deals.

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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.