NEW YORK, NY - National Cooperative Bank (NCB), a leading lender to cooperative housing and condominiums throughout the Tri-State area, originated over $174 million to 58 New York area housing cooperatives and condominiums during the first quarter of 2021. Edward Howe III, Managing Director of NCB’s New York office, made the announcement.
In January, Mindy Goldstein, Senior Vice President financed a $2.4 million first mortgage and a $500,000 line of credit for Shore Lane Arms Owners Corp., a 97-unit co-op located at 9801 Shore Road in Brooklyn, NY. The cooperative was constructed in 1957 and incorporated as a cooperative in 1983. The 6-story, post-war building consists of a basement, elevator, and a doorman.