NEW YORK CITY—NCB, FSB (NCB), a federally insured savings bank and a leading lender to cooperative housing throughout the Tri-State area, arranged $72 million in new financing activity during March for 25 New York area properties.
NCB, FSB senior vice president Sheldon Gartenstein originated over $17 million in new loans during March, including a $7.4 million first mortgage for Hudson View Gardens Inc., a 353-unit co-op located at 116 Pinehurst Avenue in Manhattan; a $2.5 million first mortgage and a $500,000 line of credit for a 55-unit co-op located at 157 West 79th Street in Manhattan; and a $2 million first mortgage and a $500,000 line of credit for a 70-unit co-op located at 98-120 Queens Boulevard in Rego Park.
In March, Edward Howe III, managing director, arranged nearly $35 million in new loans, including the largest loan of the month, a $10 million first mortgage and a $500,000 line of credit for a 129-unit co-op located at 2400 Johnson Avenue in Riverdale.
NCB senior vice president Mindy Goldstein arranged nearly $20 million in new loans during the month, including a $7 million first mortgage and a $500,000 line of credit for Fontaine Owners Corp., a 130-unit co-op located at 353 East 72nd Street in Manhattan; and a $2.3 million first mortgage and a $250,000 line of credit for Thwaites Terrace House Owners Corp., a 132-unit co-op located at 665 Thwaites Place in the Bronx.
