News: Long Island

Classi of GCP Capital Group arranges three loans totaling $23.9 million

Bayshore, NY GCP Capital Group LLC has arranged mortgage financing totaling $23.9 million for the following properties:

  • $15 million for a Kohl’s anchored shopping center comprised of 180,246 s/f. Matthew Classi, managing member of GCP Capital Group, arranged the financing.
  • $6.25 million for a free-standing, Citibank Bank Branch comprised of 3,780 s/f, located in Manhasset, Nassau County. Classi arranged the financing.  
  • $2.65 million for a 10,200 s/f retail shopping center, located in North Babylon, Suffolk County. Classi arranged the financing.
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.