Manufacturer Purchases Facility with IDA and SBA Benefits

The firm recently represented a manufacturer who purchased a 70,000 square foot facility in the New Horizons Industrial Park in Amityville, New York.  The purchase included benefits from the Town of Babylon Industrial Development Agency (“IDA”) and financing from the United States Small Business Administration (“SBA”).  The transaction allowed the client to obtain significant real property tax and mortgage tax savings from the IDA as well as a very favorable interest rate for the SBA financing.

For more information on IDA and SBA transactions, please contact Mark Cuthbertson at [email protected].

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