News: Long Island

Posillico joins Sperry Van Ness/Realty Three Advisors

Patricia Posillico, Sperry Van Ness/Realty Three Advisors Patricia Posillico, Sperry Van Ness/Realty Three Advisors
Holbrook, NY Patricia Posillico has joined Sperry Van Ness/Realty Three Advisors as a senior investment advisor. Posillico, a licensed real estate sales person with a background in mortgage banking, will provide new resources to the Sperry Van Ness/Realty Three Advisors client investment and development platform.  She will specialize in investment sales and development. Previously a mortgage originator in the New York City office of WCS Lending, a national mortgage banker, Posillico provided mortgage-financing solutions for acquisitions and refinancings to meet the client investment requirements of a variety of trusted advisors. “We are extremely pleased that Patricia has joined us,” said Aric Schachner, administrative director of SVN’s Long Island office. “We expect Patricia will use her vast network of relationships to assist Sperry Van Ness/Realty Three Advisors in identifying commercial properties for sale and joint venture development opportunities.” Posillico co-chairs the programs committee of the U.S. Green Building Council Long Island Chapter and is a board member of Long Island Geo-Thermal Energy Organization, a non-profit trade organization that promotes local job growth via environmentally friendly, ground source heat pump industry.  She also is a board member and volunteer at Pal-O-Mine Equestrian, a comprehensive therapeutic equine program that incorporates horses into programs for children and adults with disabilities, the military and the economically compromised. Posillico holds Bachelors of Arts and Masters of Arts degrees in communications from the University of Hartford. Based in Holbrook, Sperry Van Ness/Realty Three Advisors offers the local presence, experience, and expertise to help assure the successful sale or lease of its listed properties. The firm is committed to using hard work and creativity, with high level, professional resources, in order to bring the best possible results for its clients. Sperry Van Ness International is comprised of more than 160 offices across the United States. This network allows the firm to market our listed properties on a local, regional, and national platform. As part of Sperry Van Ness International, the firm has access to commercial real estate specialists across the country, in every market segment and industry. Its corporate affiliation provides it with the strength, collaboration, resources, exposure and depth that can only be provided through the structure of a world-class, national company.
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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.