NCB arranges $48m in financing for 28 properties

According to Edward Howe III, managing director of the N.Y. office of NCB, the bank originated $48 million in financing for 28 area properties. The financing's included $37.5 million in mortgages and $10 million in lines of credit. NCB's senior VP Mindy Goldstein arranged a total of $12.3 million, including a $4.2 million first mortgage and a $1 million line of credit for a 55-unit co-op located at 55 West 95th St. NCB's senior VP Sheldon Gartenstein arranged a total of $21.6 million, including a $3.7 million first mortgage and a $750,000 line of credit for an 83-unit co-op located at 229 East 79th St. Howe arranged a total of $13.8 million, including a $2.5 million first mortgage for Riverbank South Owners Corp., a 28-unit co-op located at 377 West 11th St.