News: Long Island

Kohl Capital Associates closes three transactions: 90% financing

According to Jason Kohl, president of Kohl Capital Associates, the company has closed the following transactions: Kohl Capital closed on the 90% financing of owner-occupied office space for a well established wealth planning firm. Moving from nearby rented space, the client is now positioned for long-term expansion. The total project included the $1 million acquisition plus significant renovation and the client was able to finance 90% of the total project and keep more working capital in pocket for operational growth. Kohl Capital arranged the 90% financing for a well established restaurant in Nassau County. The 7,000 s/f site traded for $850,000 and the current restaurateur has secured his long-term future with low cost SBA financing. Kohl Capital closed on the 90% financing of owner-occupied office space for a well established wealth planning firm in Nassau County. The total project included the acquisition plus significant renovation and the client was able to finance 90% of the total project and keep more working capital in pocket for operational growth. Kohl Capital along with P2P Energy Solutions completed the design and financing of three Commercial Solar projects on Long Island. Clients experienced a low down payment and significant return on Investment. Their electricity costs will be reduced or eliminated for decades to come and the property values are now higher.
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Suffolk County IDA supports expansion of A&Z Pharmaceuticals

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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.