News:
Brokerage
Posted: November 28, 2008
LIDC finances a total of $3.874m in SBA 504 loans on Long Island
The Long Island Development Corp. (LIDC) financed a total of 175,000 s/f of commercial real estate as part of total funding of $3.874 million for qualified small business projects in Nassau and Suffolk Counties.
Ken Kowalczyk VP lending, financed Ambiance Collections, LLC/Finesse Novelty Corp. specializes in the manufacturing and importing of fashion accessories for distribution. They received a $3.599 million SBA 504 loan as part of a $8.919 million financing package to purchase a 170,000 s/f building on 7.6 acres. The new property is located at 2 Channel Dr.
Steve Molfetta, VP lending, financed Island Propane Corp, propane retailer/distributor. Propane has become an alternative to oil and gas. They received a $275,000 SBA 504 loan as part of a $664,348 financing package to purchase land and building located at 2411 Chestnut Ave., Ronkonkoma. The new 5,000 s/f location will enable the creation of six new jobs of the ensuing two years.
Tags:
Brokerage
MORE FROM Brokerage
CM&B completes Activate Games’ NYC debut in Union Square
Manhattan, NY Construction Management and Builders, Inc. (CM&B) has completed construction of Activate Games’ first US flagship store in New York City, transforming a historic Union Square retail destination into a 15,000 s/f active gaming experience where players become part of the game.
Quick Hits
Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt
You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
Artificial intelligence in lending - by Lindsay Mesh Lotito
Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
.gif)
August Promotion
