NCB has originated $28 million in financing for 11 area properties. The deals include $16.8 million in mortgages and $11.8 million in lines of credit, according to Edward Howe III, managing director of NCB.
NCB's senior VP Mindy Goldstein arranged a total of $13.5 million in loans, including a $5 million line of credit for a 30-unit co-op located at 720 Park Ave.; a $2.2 million first mortgage and a $2 million line of credit for a 25-unit co-op located at 271 Central Park West; a $2.2 million first mortgage and a $100,000 line of credit for a 54-unit co-op located at 190 East Mosholu Pwy. in Bronx; a $1 million first mortgage and a $200,000 line of credit for Teliman Holding Corp., a four-unit co-op located at 100 Greene St.; and a $600,000 first mortgage and a $150,000 line of credit for Great Jones Current Project, an eight-unit co-op located at 39 Great Jones St.
NCB's senior VP Sheldon Gartenstein arranged a total of $5 million in loans, including a $3.5 million first mortgage and a $500,000 line of credit for a 63-unit co-op located at 1050 Park Ave.; and a $700,000 second term mortgage and a $300,000 line of credit for a 75-unit co-op located at 3515 Henry Hudson Pwy. in Riverdale.
Howe arranged a total of $10.1 million in loans, including a $6 million first mortgage and a $2 million line of credit for a 60-unit co-op located at 130 East 67th St. In addition, Howe originated a $1 million line of credit for an 84-unit co-op located at 1111 Midland Ave. in Bronxville; a $600,000 second term mortgage for a 123-unit co-op located at 1900 Quentin Rd. in Brooklyn; and a $500,000 line of credit for a 70-unit co-op located at 25 Plaza St. in Brooklyn. Tags: