News: Long Island

Classi of GCP Capital Group arranges $6.85 million financing

Brentwood, NY According to GCP Capital Group LLC, the firm completed financing totaling $6.85 million for a two-story garden apartment complex containing six buildings with a total of 54 units, located in Suffolk County.

Matthew Classi, managing member of GCP Capital Group, arranged the financing for this transaction.

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.