News: Long Island

Long Island chapter of CAI to hold first ever trade show - October 20

The Long Island Chapter of Community Associations Institute (CAI) will be holding its first ever trade show on October 20, from 9 a.m. to 3 p.m. at the Huntington Hilton, 598 Broad Hollow Rd. More than 25 exhibitors will display products and services of interest to condominium, cooperative and homeowner association board members. Exhibitors will include several disaster restoration companies, banks, insurance companies and managing agents. Also present will be representatives of At Home Net - a company that specializes in designing websites for community associations; Entry Point Class - offering unique glass door decorations; and numerous other companies serving Long Island's community associations. The show will offer six seminars during the day for board members of condominiums, cooperatives and homeowners associations that will deal with reserve studies, accounting and banking practices, current insurance issues and how to prevent home invaders such as water and termites. A seminar will be offered in which experts will discuss what a board of directors can do to increase the value and marketability of the homes in its community. Another seminar will teach board members the reason and method for getting involved in the political process on the local and state levels. Admission to the day-long trade show and seminars is $5 for CAI-Long Island members and $7 for non-members. The show is sponsored by M&T Bank, North Fork Bank, the James F. Sutton Agency and Alexander Wall Corporation.
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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.