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Northeast Community Bank.


Northeast Community Bank announced the following transactions:

* A purchase money mortgage in the amount of $263,900 on a multifamily apartment building located in Fall River, Mass

* A purchase money mortgage in the amount of $1,000,000 on a multifamily apartment building located in Brooklyn Brooklyn (brk`lĭn), borough of New York City (1990 pop. 2,300,664), 71 sq mi (184 sq km), coextensive with Kings co., SE N.Y. , N.Y.

* The 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.
 of a multifamily apartment building located in Pittsburgh Pittsburgh (pĭts`bərg), city (1990 pop. 369,879), seat of Allegheny co., SW Pa., at the confluence of the Allegheny and the Monongahela rivers, which there form the Ohio River; inc. 1816. , Penn. in the amount of $1,960,000.

* The refinance of a mixed-use building located in Jamaica, N.Y. in the amount of $4,000,000.

* The refinance of a mixed-use building located in Boston, Mass. in the amount of $1,085,000.

* A purchase money mortgage in the amount of $300,000 on a multifamily apartment building located in Manchester, N.H.

* A purchase money mortgage in the amount of $1,130,000 on a mixed-use building located is Chelsea, Mass.

* A secured line of credit in the amount of $100,000 on a mixed-use building located is Chelsea, Mass.

* The refinance of a multifamily apartment building located in New Bedford New Bedford, city (1990 pop. 99,922), seat of Bristol co., SE Mass., at the mouth of the Acushnet River on Buzzard's Bay; settled 1640, set off from Dartmouth 1787, inc. as a city 1847. , Mass. in the amount of $288,000.

* A purchase money mortgage in the amount of $255,000 on a mixed use-building located in West Warwick West Warwick (wôr`wĭk, –`ĭk), town (1990 pop. 29,268), Kent co., central R.I., on the Pawtuxet River; set off from Warwick and inc. 1913. Textile manufacturing remains a leading industry. West Warwick includes the village of River Point. . R.I.
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Article Details
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Title Annotation:FINANCE
Publication:Real Estate Weekly
Date:Oct 10, 2007
Words:197
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