The Metro-L.I. chapter of NYSCAR hosts commercial lending symposium

Who says there is no mortgage money available for purchasing commercial and investment properties? The Metro-Long Island Chapter of the New York State Commercial Association of Realtors hosted a "Commercial Lending Symposium" at its annual meeting held on October 23. This event held at the On Parade Diner had over 50 commercial agents and brokers attending. NYSCAR chapter president Alan Hendrickson hosted the meeting, at which representatives of regional banks spoke of their current lending practices and available loan programs. Yes, there is loan money available! The speakers stressed open communication between customers and their banks and building stronger relationships with one or two banks. The distinguished speakers were: John Reilly from First National Bank of Long Island; Greg Fitzgerald from Washington Mutual (now Chase); John Solensky from Empire National Bank; Michael Quigley, M&T Bank and Charles Schreiber from New York Business Development Corporation. NYSCAR would like to thank our sponsors: Waldners, Asset Preservation, CLE Abstract, Universal Plumbing, Long Island Electrical Contactors and the Real Estate Journal.