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Long Island
Posted: September 4, 2015
Titan Capital funds a $3.45 million construction loan in Southampton's Shinnecock Bay
Titan Capital has funded a new loan secured by an acre of land situated on the waterfront of Shinnecock Bay. The borrower, an experienced Hamptons developer specializing in a high-end product, owned the property free and clear and was seeking a fast and reliable construction lender in order to finance the construction of its latest project, a top-of-the-line single-family home. Titan Capital's familiarity with the Hamptons market and its experience in funding many similar luxury projects led to a smooth, hassle-free closing.
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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.