News: Long Island

CPC completes $4.1 million transaction in Valley Stream

Anita Pins of The Community Preservation Corp. (CPC) has closed a bridge loan of $4.1 million for the refinancing of a four-story building containing 90 condominiums. The property is located on 125 S. Cottage St. CPC has financed over 144,000 housing units with a record investment of over $6 billion during the last 32 years. CPC partners with leaders in banking, government and the communities it serves to find affordable housing solutions. CPC has 10 locations and is committed to financing affordable housing throughout NYS, New Jersey and Connecticut.
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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.