News: Long Island

Roosevelt & Cross arranges $4.9 million

Oceanside, NY The project finance division professionals of Roosevelt & Cross have arranged and closed a $4.9 million financing for the Barry and Florence Friedberg Jewish Community Center (JCC.) The JCC utilized the proceeds of the facilities to (i) refinance certain indebtedness related to the borrower’s community center and to (ii) establish a working capital line of credit. 

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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.