Healthy loan volume in co-op sector.

NCB, the leading provider of financing to New York housing cooperatives, originated more than $52 million in financing in February for 19 New York area properties. The financings included $39.4 million in first mortgages and $13 million in lines of credit.

"Healthy loan volume continued in February, with competitive interest rates influencing more and more customers to refinance existing debt and borrow funds for a variety of building needs and enhancements," stated Edward Howe III, Managing Director of the NCB New York office.

NCB's senior vice president Mindy Goldstein arranged a total of $7.2 million in loans during February, including a $3.4 million first mortgage and a $50,000 line of credit for a 110-unit co-op located at 860 Grand Concourse in Bronx, NY.

NCB's senior vice president Sheldon Gartenstein arranged a total of $28.5 million in loans during February, including the largest deal of the month, a $9.6 million first mortgage and a $1 million line of credit for the Forest Green Apartments, a 252-unit co-op located at 2433 Union Boulevard in Islip, NY.

Howe arranged a total of $16.5 million in loans during February, including a $2.5 million first mortgage for a 114-unit co-op located at 140 East Second Street in Brooklyn, NY.

NCB means National Consumer Cooperative Bank, its subsidiaries and NCB Capital Impact, an affiliated nonprofit corporation. Loans and technical assistance may be provided by NCB, NCB Capital Impact or NCB, FSB, all of which are Equal Housing Lenders. NCB, FSB is a wholly-owned subsidiary of NCB. Deposit products and services are provided by NCB, FSB, which is FDIC insured. Independent financial advisory services are offered through NCB Financial Advisors. Housing development services are offered through NCB and NCB Capital Impact's jointly owned subsidiary, NCB Community Works, LLC.