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Long Island
Posted: October 21, 2008
LIREG hosts owners of Kentucky Derby winner Big Brown
The Long Island Real Estate Group hosted a breakfast meeting on September 24 featuring Michael Iavarone and Richard Schiavo, co-presidents of International Equine Acquisitions Holdings Inc., the company that owns a 32.5 percent Kentucky Derby and Preakness winner Big Brown among other thoroughbreds. The pair described their IEAH Stables inc., which is preparing to launch a hedge fund that will invest in thoroughbred race horses, and their now-under-construction Ruffian Equine Medical Center, adjacent to Belmont Park in Elmont, Long Island.
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Long Island
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Columns and Thought Leadership
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.