NCB's strong and steady lending.NCB (Network Control Block) A packet structure used by the NetBIOS communications protocol. , a provider of financing to New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of housing cooperatives A housing cooperative is a legal entity - usually a corporation - that owns real estate; one or more residential buildings. Each shareholder in the legal entity is granted the right to occupy one housing unit, sometimes subject to an occupancy agreement, which is similar to a lease. , recorded another month of solid lending activity. During August, the bank arranged $34.3 million in new loans, including $29.3 million in mortgages and $5 million in lines of credit for nine local properties. Edward Howe III, managing director of the NCB New York office, made the announcement. "During August, nine more local co-operatives took advantage of the great financing packages available to make planned capital improvements or refinance Refinance 1. When a business or person revises their payment schedule for repaying debt. 2. Replacing an older loan with a new loan offering better terms. Notes: When a business refinances they typically extend the maturity date. existing debt, and ultimately enhance the value of their properties," said Howe. "In a tightened lending market, we are proud to be a consistent source of financing for these communities." Financing highlights for the month of August include: * NCB senior vice president Mindy Goldstein Gold·stein , Joseph Leonard Born 1940. American biochemist. He shared a 1985 Nobel Prize for discoveries related to cholesterol metabolism. arranged $21.6 million during August, including the largest deal of the month, a $10.8 million first mortgage and a $500,000 line of credit for a 200-unit coop COOP See Banks for Cooperatives (COOP). located at 300 East 85th Street in Manhattan. * NCB senior vice president Sheldon Gartenstein arranged a total of $5.3 million in financing during August including a $1.6 million first mortgage and a $500,000 line of credit for Prospect Seeley Housing Corp., located at 147-149 Prospect Park West & 250 Seeley Street in Brooklyn, NY. * Edward Howe arranged a total of $7.5 million in financing during August including a $4.2 million first mortgage and a $500,000 line of credit for Cromwell Owners, Inc., 69-60 108th Street in Forest Hills, NY. |
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