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Long Island
Posted: December 5, 2017
Sessa and Classi of GCP arrange $5.8 million mortgage
Bellport, NY GCP Capital Group LLC has arranged mortgage financing in the amount of $5.8 million. The loan was placed for a development site of 76,950 gross s/f to be constructed into an 894-unit self storage facility. David Sessa, senior associate, and Matthew Classi, managing member of GCP arranged the financing.
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Long Island
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Columns and Thought Leadership
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.