National Cooperative Bank.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, continued its active lending by arranging more than $19 million in financing in November. NCB arranged $15.4 million in first mortgages and more than $3.9 million in second mortgages for 17 Metropolitan area co-ops. Among the largest transactions arranged in November, NCB Vice President and Loan Officer Sheldon Gartenstein arranged a $2.375 million second mortgage for the 362-unit co-op located at 3-60 Glen Hollow Drive in Holtsville, NY; a $2.2 million first mortgage for the 66-unit co-op located at 25 Lake Street in White Plains, NY; a $2.1 million first mortgage for the 93-unit co-op located at 141 Woodmere Boulevard in Woodmere, NY; a $1.6 million first mortgage accompanied by a $200,000 second mortgage for the 87-unit coop located at 345 Bronx River Road Bronx River Road is a major street and neighborhood in Yonkers, New York. It runs alongside the Bronx River, Bronx River Parkway, and Metro-North railroad tracks in southeastern Yonkers. in Yonkers, NY; a $900,000 first mortgage for the 29-unit co-op located at 477 Central Park West in Manhattan; a $900,000 first mortgage for the 108-unit co-op located at 38-15 149th Street in Flushing, NY; an $850,000 first mortgage accompanied by a $200,000 second mortgage for the 54-unit coop located at 371 Ft. Washington Avenue Washington Avenue can refer to:
Further, NCB Vice President and Loan Officer Edward Howe III arranged a $1.95 million first mortgage for the 70-unit co-op located at 25 Plaza Street in Brooklyn, NY; and a $600,000 first mortgage accompanied by a $50,000 second mortgage for the 16-unit co-op located at 1 Childs Avenue in Floral Park Floral Park, village (1990 pop. 15,947), Nassau co., SE N.Y., on Long Island, a residential suburb of New York City; inc. 1908. It has a commercial flower industry. , NY. In addition, NCB Vice President and Loan Officer Paulette Bonanno arranged a $1.25 million first mortgage accompanied by a $150,000 second mortgage for the 20-unit co-op located at 21 Canterbury Road Canterbury Road is a road in North Oxford, England. It runs between Woodstock Road to the west and Banbury Road to the east. Winchester Road leads south from half way along Bevington Road. in Great Neck, NY; and a $698,000 first mortgage accompanied by $300,000 second mortgage for the 16-unit co-op located at 129 West 22nd Street in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , NY. Finally, NCB Assistant Vice President and Loan Officer Mindy Goldstein arranged an $870,000 first mortgage for the 20-unit co-op located at 305 West 55th Street in Manhattan; a $425,000 first mortgage for the eight-unit co-op located at 341 Third Street in Brooklyn, NY; a $325,000 first mortgage for the 74-unit condominium located at 14 North Chatsworth Avenue in Larchmont, NY; and a $200,000 first mortgage for the six-unit co-op located at 252 West 102nd Street in Manhattan. National Cooperative Bank, headquartered in Washington D.C., with offices around the country, provides a wide array of financial services to the nation's cooperative business sector. |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion