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 leading 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, arranged $8.45 million in financing for nine 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 in May. The financings included $2.55 million in first mortgages, $2.65 million in second mortgages and secured lines of credit worth $3.25 million. The announcement was made by Edward Howe III, managing director of the firm's New York office.
Mr. Howe arranged the, largest transaction on be half of the NCB in May, a $2.5 million second mortgage for the 528-unit co-op located at 1 Burbank Street in Yonkers, NY. He also secured a $1.5 million line of credit for 322 Realty Corp., a 48-unit co-op; a $1.5 million loan on; unsold shares at the 214-unit co-op located at 1 Burbank Street in Yonkers, NY; and a $799,600 first mortgage for the 12-unit co-op located at 307 East 8th Street in Manhattan.
NCB senior vice president Sheldon Gartenstein arranged a $1.2 million first mortgage for the 61-unit co-op located at 235 West 70th Street in Manhattan In addition, NCB senior vice president Paulette Bonanno arranged a $550,000 first mortgage for the 60-unit co-op located at 1125 Lorimer Lor´i`mer
n. 1. A maker of bits, spurs, and metal mounting for bridles and saddles; hence, a saddler. Street in Brooklyn, NY.
Finally, NCB vice president Mindy Goldstein arranged a $150,000 second mortgage for the 20-unit co-op located at 432-434 West 4th Street in Manhattan; a $150,000 line of credit for the 17-unit co-op located at 184 Columbia Heights Columbia Heights, city (1990 pop. 18,910), Anoka co., SE Minn., a residential suburb adjoining Minneapolis, on the Mississippi River; inc. 1921. It has many varied manufactures. in Brooklyn, NY and a $100,000 line of credit for the 12-unit co-op located at 303 East 8th Street in Manhattan.