News: Long Island

LICN holds annual gala and installation dinner on January 14th; Past-president Stark receives Realtor of the Year

The Long Island Commercial Network (LICN), the commercial division of the Long Island Board of Realtors (LIBOR), held its annual gala and installation dinner on January 14th. The 2014 board of directors and executive board were sworn in. Elizabeth Brady was recognized for her years of service as the administrative part of LICN as she moves on. Andrew Saluk of NEFCU was recognized as sponsor of the year. LICN values its sponsors and the important role they play in our organization. The next award was given to Bob Stark as Realtor of the Year and in recognition of the great job he did as president for two years. The evening was enhanced by the annual Door Prize "event." There are many prizes given out to those whose business card was drawn. The prizes are provided by LICN and some sponsors or members who are kind enough to do so. LICN would like to thank the New York Real Estate Journal for their contribution. LICN looks forward to their next major event in August.
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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.