Monthly Archives: July 2015

Esplanade Luxury Senior Living

As a family-owned and operated organization for more than fifty years, The Esplanade has always championed respect for the elderly and delivery of the quality care that they have rightfully earned.

The Esplanade in Manhattan is located in one of New York City’s most desirable neighborhoods. West End Avenue, with its tree-lined sidewalks flanked by the finest examples of pre-war architecture in the city, is a most beautiful backdrop to Senior Living at The Esplanade Manhattan.

The first Scharf family senior residence was founded in 1950. It was built on the premise that seniors can continue to enjoy their lives even as it becomes difficult to live in their homes, yet are not in need of the skilled care of a nursing home. We like to think of our residences as a ‘new home’ where seniors can enjoy all the freedom of an independent lifestyle, with none of the worries that accompany household management. Propelled by a deep-rooted tradition of respect for the elderly, the Scharf family is committed to providing a safe and secure environment that fosters dignity for each and every resident.

Alexander Scharf opened the first Assisted Living Facility in Manhattan back in 1993. He owns and operates two affordable extended stay hotels in New York City. He also operated six independent Luxury Senior Residences. In one of these ventures, he restored Staten Island’s finest independent Senior Living Residence. Alexander owns and operates the Westminster Hotel in Livingston, New Jersey, which is one of a handful of Four Diamond rated hotels in Central New Jersey. He has also invested, built and managed over 3,000 residential units that have sold or converted into condominium ownership and boosted the local value of the neighborhood.


SBIC Approved Loans and Equity

Small Business Investment Companies are allowed to borrow from the federal government to augment the funds of private investors. SBICs seek attractive net returns for their private investors; SBICs use their investment criteria and processes to make investment decisions. SBA has no influence over SBIC investment decisions. Small Business Investment Companies are privately managed for profit investment funds that use privately raised capital and guaranteed SBA loans to provide long-term loans and equity investments to qualifying small businesses.

SBA loans are made through banks, credit unions and other lenders who partner with the SBA. The SBA provides a government-backed guarantee on the part of the loan. Under the Recovery Act and the Small Business Jobs Act, SBA loans were enhanced to provide up to a 90 percent guarantee to strengthen access to capital for small businesses after credit froze in 2008. The agency had record lending volumes in late 2010

A privately-owned investment company that is licensed by the Small Business Administration (SBA). Small Business Investment Companies (SBICs) supply small businesses with financing in both the equity and debt arenas. They provide a viable alternative to venture capital firms for many small enterprises seeking startup capital. SBICs usually focus on 100,000-250,000 dollar investments and tend to be considerably more forgiving than venture capital firms in their underwriting requirements.

Alexander Scharf was the Vice President of Lloyd Capital Corporation that was an SBIC providing loans and equity to small businesses. It was founded in 1975; Lloyd Capital Corporation is a small organization in the loan brokers industry located in New York, NY.