NCB wraps up great year.

NCB, the leading provider of financing to New York housing cooperatives, originated more than $61 million in financing during December for 19 New York area properties. The financings included $52.7 million in first mortgages and $8.8 million in lines of credit.

"With over $61 million in total financing during the month, we again wrapped up the year recording our best December loan volume to date," stated Edward Howe III, managing director of the NCB New York office. "Having surpassed our predictions for 2006, we are looking forward to another healthy first quarter in 2007."

Howe arranged a total of $17.4 million in loans during December, including a $7.6 million first mortgage and a $300,000 line of credit for a 300unit co-op located at 181 Long Hill Road in Little Falls, NJ.

NCB's senior vice president Mindy Goldstein arranged a total of $22.7 million in loans during December, including the largest deal of the month, a $13 million first mortgage and a $1 million line of credit for a 622-unit co-op located at 11 Riverside Drive in Manhattan.

NCB's senior vice president Sheldon Gartenstein arranged a total of $21.4 million in loans during December, including an $8.5 million first mortgage and a $1 million line of credit for Laurelton Gardens, a 384-unit co-op located at 131-42 234th Street in Laurelton, NY.

NCB means National Consumer Cooperative Bank, its subsidiaries and NCB Capital Impact, an affiliated non-profit corporation. Loans and technical assistance may be provided by NCB, NCB Capital Impact or NCB, FSB, all of which are Equal Housing Lenders.