News: Long Island

Utah of Commercial Real Estate Finance assists borrower

In the process of refinancing a client, Paul Utah of Commercial Real Estate Finance felt that the lender downgraded the appraisal  in such a way as to avoid lending in the area, Harlem.  Utah challenged the appraisal and secured a refund for his client for the thousands of dollars that he paid for it.  He then placed the loan with another investor who recognized the true value of the property and was able to get better terms and completed the transaction in just 40 days.  Utah is proud of the good use of his experience and skills in the market.
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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.