News: Long Island

Quality furniture manufacturing still in demand

Oak Furniture has been serving customers for almost 30 years with custom designed and built oak wood furniture. This high-end manufactured line includes kitchen and bathroom cabinets, entertainment centers, bedroom and dining room sets, display cases and computer workstations. Principal Jim Zeffino has built a solid customer base of satisfied homeowners and businesses. Oak Furniture specializes in oak furniture and provides complete installation services. The company leased 6,200 feet in Copiague for many years but, because of their success in the community, needed additional space for manufacturing and showroom. Thanks to 90% financing from Unity Bank and Long Island Development Corporation under its SBA 504 second mortgage loan program, the company is now in its own 10,126 s/f building in Copiague. The building suits Oak Furniture's needs perfectly with 12-foot high ceilings in the manufacturing area, full HVAC and a significant showroom area to display their lines of merchandise. Parking is plentiful and the location has excellent access to major highways. Thanks to their quality custom design, manufacturing and installation, Oak Furniture's products are still in demand. No matter what the economy, people need furniture that will fill their needs, last, and look great! For information on how your business or nonprofit can acquire its own facility with affordable interest rates and just 10% down, visit the LI Development Corp. at www.lidc.org. Roslyn Goldmacher is a licensed real estate broker in N.Y. as well as president/CEO and founder of the Long Island Development Corp. & The Greater N.Y. Development Co.
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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.