NEW YORK CITY—NCB, FSB (NCB), a federally insured savings bank and a leading lender to cooperative housing throughout the Tri-State area, arranged nearly $56 million in new financing activity during February for 23 New York area properties. Edward Howe III, managing director of the NCB New York office, made the announcement.

In February, Howe arranged $24 million in new loans, including the largest loan of the month, a $7.5 million second mortgage at North Isle Village Inc., a 769-unit co-op located at 50 Gibbs Road in Coram; a $5.4 million first mortgage and a $500,000 line of credit for a 127-unit co-op located at 1 Toms Point Lane in Port Washington; a $4 million first mortgage for Colchester Owners, Inc., an 87-unit co-op located at 143 Garth Road in Scarsdale, and many others.

NCB senior vice president Mindy Goldstein arranged $13 million in new loans this month, including a $2.6 million first mortgage and a $500,000 line of credit for 7210 Owners Corp., a 66-unit co-op located at 72-10 112th Street in Forest Hills; a $2.5 million first mortgage and a $500,000 line of credit for Emily Towers Owners Corp., a 119-unit co-op located at 35-10 150th Street in Flushing; a $1.3 million first mortgage and a $500,000 line of credit for Mimosa Equities Corp., a 35-unit co-op, to name several.

CB, FSB Senior Vice President Sheldon Gartenstein originated $19 million in new loans during February, including a $4.7 million first mortgage and a $500,000 line of credit for a 149-unit co-op located at 203 East 72nd Street in Manhattan; a $4.4 million first mortgage and a $500,000 line of credit for a 20-unit co-op located at 22 West 26th Street in Manhattan; a $3 million first mortgage for a 73-unit co-op located at 40 Fifth Avenue in Manhattan; a $2 million second mortgage for Snug Harbor Owners Corp., a 63-unit co-op located at 303 Mercer Street, and others.