News: Long Island

Kreitman named to Arbor's board of directors

Arbor Realty Trust, Inc. appointed Stanley Kreitman to its board of directors as an independent member. Kreitman is the chairman of the board of Manhattan Associates, LLC and was involved in the founding of Signature Bank, where he currently serves on the advisory board. In addition, he was president of United States Banknote Corporation until he retired in 1994. Kreitman is the former chairman of the New York City board of corrections and a former chairman of the board of trustees of the New York Institute of Technology. "Stanley comes to Arbor with extensive experience as a business executive and civic leader, having held senior roles for many corporations and having served on notable boards for numerous profit, non-profit and educational institutions throughout his long and successful career," said Ivan Kaufman, president and CEO of Arbor Realty Trust. "We look forward to the many contributions he is certain to make during his tenure as a board member for Arbor Realty Trust." Kreitman holds a bachelor of science degree from the New York University School of Commerce and a Doctor of Laws Honoris Causa from New York Institute of Technology.
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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.