According to Edward Howe III, managing director of the NCB, the bank has originated $36 million in financing for 27 area properties. The financing's included $26 million in mortgages and $10 million in lines of credit.
Howe arranged a total of $12.3 million in loans, including a $4 million first mortgage and a $1 million line of credit for 31 Operating Corp., a 23-unit co-op located at 31-33 West 12th St.
NCB's senior VP Mindy Goldstein arranged a total of $16 million including a $2 million first mortgage and a $250,000 line of credit for Great River Owners, Inc., a 50-unit co-op located at 100 Connetquot Ave. in East Islip.
NCB's senior VP Sheldon Gartenstein arranged a total of $7.6 million in loans including a $2.1 million first mortgage and a $350,000 line of credit for a 33-unit co-op located at 38 Gramercy Park.
Holtsville, NY A fourth-generation family-owned, custom metal-fabricating business will expand in Holtsville after the Town of Brookhaven Industrial Development Agency (IDA) closed on a package of economic incentives.