Schreiber of GNYDC secures financing for 5,000 s/f retail property
The Greater New York Development Co. (GNYDC) has completed the financing of 5,000 s/f of commercial real estate with $630,000 in SBA 504 program loans. The financing was part of $1.525 million in total funding for qualified small business projects in Westchester County.
Charles Schreiber, vice president, lending financed the Sound Shore Liquor Pantry LLC/1-Stop Beverage Center, LLC. They are suppliers of high-end, connoisseur-quality collectible wine, as well as moderately priced wines and liquors. They have purchased their leased facility of 5,000 s/f which is located at 800 East Boston Post Rd.
Manhattan, NY Century Cricket Centre, an Australian-backed indoor cricket and sports-tech concept, will open its first U.S. location in a 14,000 s/f at 25 W. 39th St. near Bryant Park following a 15-year lease arranged by Lee
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,
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
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.
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