NCB provides a total of $11 million for 12 area co-op properties

According to Edward Howe III, managing director of the NCB, the bank originated $11 million in financing for 12 area co-op properties. The financings included $8.3 million in mortgages and $3.4 million in lines of credit. NCB's senior VP Sheldon Gartenstein arranged a total of $2.6 million in loans including a $930,000 first mortgage and a $200,000 line of credit for a 20-unit co-op located at 408 East 73rd St. Howe arranged a total of $2.3 million in loans including a $1 million third term mortgage for Park Court Owners, Inc., a 125-unit co-op located at 755 Bronx River Rd., Yonkers. NCB's senior VP, Mindy Goldstein, arranged a total of $6.8 million in loans including a $3.7 million first mortgage for a 40-unit co-op located at 150 West 87th St.