"The bank is proud to be a trusted financial resource for cooperative boards across the N.Y. region looking to secure the financial health of their buildings," said Goldstein. "NCB's mission is to work with cooperatives, to provide them with the best financing options to fit their needs. It was a pleasure to work with the Hidden Meadows board and assist them with reaching their long-term goals."
Built in 1971 and converted to a cooperative in 1980, Hidden Meadows is located in Long Island's Suffolk County. The community consists of nine, two-story cooperative apartment buildings. All of its 143 units are currently occupied.
"National Cooperative Bank was the perfect partner to work with on the refinancing of Hidden Meadows loan," said Walsh. "From loan origination to the closing process, the NCB team was clear and succinct in what they needed to help Soundview Realty Group and the cooperative to complete the deal in a timely manner."
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