National Cooperative Bank (NCB).
National Cooperative Bank The National Consumer Cooperative Bank (NCCB) was created and chartered by the National Consumer Cooperative Bank Act (92 Stat. 499, 12 U.S.C.A. 3001), enacted on August 20, 1978. The bank is directed by the act to encourage the development of new and existing cooperatives. (NCB (Network Control Block) A packet structure used by the NetBIOS communications protocol. ), one of the largest originators of underlying mortgages for cooperative housing cooperative housing n. an arrangement in which an association or corporation owns a group of housing units and the common areas for the use of all the residents. corporations, recently arranged $42.26 million in financing for 24 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 area co-ops. The financings included $38.51 million in first mortgages and secured lines of credit worth $3.75 million. The announcement was made by Edward Howe III, managing director of the firm's New York office.
Howe arranged the largest transaction, a $19.7 million first mortgage for the 777-unit co-op located at 1270 East 51st Street in Brooklyn, NY In addition, Howe originated a $2.85 million first mortgage for the 57-unit co-op located at 2178 Montauk Highway Montauk Highway is one of the original through highways of Long Island, New York, extending from Jamaica, in the New York City borough of Queens to Montauk Point in Suffolk County, a distance of approximately 100 miles (~160 km). in Amagansett, NY; a $1.5 million fist mortgage for the 36-unit coop located at 35 West 9th Street in Manhattan; and a $600,000 first mortgage accompanied by a $100,000 line of credit for the 42-unit co-op located at 130 West 16th Street in Manhattan.
Paulette Bonanno, NCB's vice president and loan officer, arranged the second largest transaction, a $4.48 million first mortgage for the 98-unit co-op located at 40 West 77th Street in Manhattan. She also originated a $1.5 million line of credit for the 315-unit co-op located at 4705 and 4901 Hemy Hudson Parkway in Riverdale, NY; a $1 million first mortgage accompanied by a $250,000 line of credit for the 13-unit co-op located at 288 West Street; a $550,000 first mortgage accompanied by $100,000 line of credit for the 53-unit co-op located at 133 Summit Avenue in Summit, NY; a $500,000 first mortgage for the 27-unit co-op located at 36 West 84th Street in Manhattan; a $400,000 first mortgage for the 129-unit co-op located at 84-51 Beverly Road in Kew Gardens Kew Gardens (ky), Kew, Surrey, S England, on the Thames just W of London; Royal Botanic Gardens is the official name. , NY; a $300,000 line of credit for the 56-unit co-op located at 223 West 21st Street in Manhattan; and a $100,000 line of credit for the 35-unit co-op located at 256 West 21st Street in Manhattan.
In addition, NCB vice president and loan officer Sheldon Gartenstein arranged a $2.5 million first mortgage accompanied by a $400,000 line of credit for the 141-unit co-op located at 34-41 85th Street in Jackson Heights, NY; a $1.15 million first mortgage accompanied by a $150,000 line of credit for the 48-unit co-op located at 110-120 Stonlea Place in New Rochelle New Rochelle (rōshĕl`), city (1990 pop. 67,625), Westchester co., SE N.Y., on Long Island Sound; settled by Huguenots 1688, inc. as a village 1858, as a city 1899. , NY; and a $500,000 line of credit for the 36-unit co-op located at 37 Brompton Road Brompton Road is a street in Knightsbridge, London.
It starts from Knightsbridge tube station and runs south-west through an extremely wealthy residential area until it reaches Egerton Gardens and the area to the east of South Kensington tube station. in Great Neck, NY.
Finally, NCB assistant vice president and loan officer Mindy Goldstein arranged a $1.65 million first mortgage for the 58-unit co-op located at 205 West Post Road in White Plains, NY; a $360,000 first mortgage for the 10-unit co-op located at 504 East 6th Street in Manhattan; a $215,000 first mortgage for the nine-unit co-op located at 53 Montgomery Street Montgomery Street is a north-south thoroughfare in San Francisco, California, in the United States. It runs about 16 blocks from the Telegraph Hill neighborhood south through downtown, terminating at Market Street. in Brooklyn, NY; a $200,000 first mortgage for the 14-unit co-op located at 806 Washington Avenue in Brooklyn, NY; a $200,000 line of credit for the 84-unit co-op located at 12 Hempstead Avenue in Rockville Centre, NY; a $200,000 first mortgage for the four-unit co-op located at 801 Union Street in Brooklyn, NY; a $155,000 first mortgage for the five unit co-op located at 55 Seventh Avenue in Brooklyn, NY; and a $150,000 line of credit for the six-unit co-op located at 43 Great Jones Street in Manhattan.