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NEW YORK, NY - National Cooperative Bank (NCB), a leading lender to cooperative housing and condominiums throughout the Tri-State area, originated over $151 million in November to 15 New York area housing cooperatives and condominiums. Edward Howe III, Managing Director of NCB’s New York office, made the announcement.
Mindy Goldstein, Senior Vice President completed a $67 million first mortgage and a $2.9 million line of credit for Rivercross Tenants Corp, a 365-unit co-op located at 531 Main Street in Manhattan. The Rivercross residential cooperative complex is comprised of three interconnected buildings that were built in 1973. The buildings range from twelve to twenty stories high and are situated on the southwest part of Main Street in Roosevelt Island. The co-op anticipates the following capital improvements: elevator modernization project and balcony and facade repairs.