There is good news for business owners wanting to open a restaurant in New York, as the New York State Liquor Authority (NYSLA) has recently expanded the eligibility for temporary retail permits. This expansion will allow an applicant to temporarily sell on-premises alcoholic beverages from its restaurant while the actual license application is pending. The permit is usually issued for…
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Financing in Connection With a Real Estate Purchase
The financing to purchase a residential property can be either a traditional loan from an institutional lender, a purchase money mortgage from the seller of the property financed, or a hard money loan from a private lender. Institutional Lender This is the most common form of financing obtained in connection with a residential purchase. The loan application is based on…