News: Long Island

Schwartz joins Ocean Capital as business development officer

Michael Schwartz has recently joined Ocean Capital, the commercial lending division of Home Loan Investment Bank, FSB. Schwartz is a business development officer and he will cover New York, specifically Long Island. His office is located on 410 East Main St. Schwartz has been engaged in small business lending for the past 25 years, specializing in office and industrial condos. He has expertise in the U.S. Small Business Administration loan programs, directed to providing capital for commercial real estate, to small business owners nationwide. Prior to Ocean Capital, Schwartz has worked for Zions Bank, Comercia Bank and Lehman Brothers as vice president for business development. He is a graduate of Columbia College and has earned a CCIM designation. Ocean Capital is a commercial mortgage lender that has been providing innovative financing solutions to the small business community since 1981. As a preferred lender with the SBA, Ocean Capital specializes in funding owner-occupied small businesses.
MORE FROM Long Island

Suffolk County IDA supports expansion of A&Z Pharmaceuticals

Hauppauge, NY The Suffolk County Industrial Development Agency (IDA) has granted preliminary approval of a financial incentive package that will assist a manufacturer in expanding its business by manufacturing more prescription (Rx) pharmaceuticals in addition to its existing over-the-counter
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Columns and Thought Leadership
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.