News: Long Island

Houlihan-Parnes Realtors arranges $225,000 for two-story, 109-room hotel

Houlihan-Parnes Realtors, LLC, represented by Jerry Houlihan has completed the financing of the Travelodge Hotel located at 6108 Loomis Rd. The two-story, 109-room hotel is located in the Finger Lakes region of central New York with amenities that include a swimming pool, restaurant, and elevator. Houlihan arranged a loan of $225,000 with a private group of investors for a one-year term. The lender was represented by W. Stephen Tierney, Esq. of Woods Oviatt Gilman LLP.
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
READ ON THE GO
DIGITAL EDITIONS
Subscribe
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.