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National Cooperative Bank Originates Over $174 Million for New York Area Cooperatives and Condominiums in First Quarter of 2021

NEW YORK, NY - National Cooperative Bank (NCB), a leading lender to cooperative housing and condominiums throughout the Tri-State area, originated over $174 million to 58 New York area housing cooperatives and condominiums during the first quarter of 2021. Edward Howe III, Managing Director of NCB’s New York office, made the announcement.
In January, Mindy Goldstein, Senior Vice President financed a $2.4 million first mortgage and a $500,000 line of credit for Shore Lane Arms Owners Corp., a 97-unit co-op located at 9801 Shore Road in Brooklyn, NY. The cooperative was constructed in 1957 and incorporated as a cooperative in 1983. The 6-story, post-war building consists of a basement, elevator, and a doorman. ....

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National Cooperative Bank Originates Over $151 Million for New York Area Cooperatives and Condominiums in November of 2020

NEW YORK, NY - National Cooperative Bank (NCB), a leading lender to cooperative housing and condominiums throughout the Tri-State area, originated over $151 million in November to 15 New York area housing cooperatives and condominiums. Edward Howe III, Managing Director of NCB’s New York office, made the announcement.
Mindy Goldstein, Senior Vice President completed a $67 million first mortgage and a $2.9 million line of credit for Rivercross Tenants Corp, a 365-unit co-op located at 531 Main Street in Manhattan. The Rivercross residential cooperative complex is comprised of three interconnected buildings that were built in 1973. The buildings range from twelve to twenty stories high and are situated on the southwest part of Main Street in Roosevelt Island. The co-op anticipates the following capital improvements: elevator modernization project and balcony and facade repairs. ....

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