NCB arranges $46 million in financing for 15 New York area properties

National Cooperative Bank (NCB) has originated $46 million in new loans during November for 15 New York area properties, according to Edward Howe III, managing director of the bank. Howe originated $29.2 million in new loans during November, including the largest loan of the month, a $9.2 million first mortgage and a $500,000 line of credit for Fountains-Clove Road Apartments, Inc., a 300-unit co-op at 1100 Clove Rd. in Staten Island. Other activity included: * A $5 million first mortgage and a $1 million line of credit for a 193-unit co-op at 3777 Independence Ave. in Riverdale. * A $5 million first mortgage and a $350,000 line of credit for a 111-unit co-op at 1075 Grand Concourse in the Bronx. * A $3.2 million first mortgage and a $500,000 line of credit for The Waywest Tenants, a 52-unit co-op at 380 West 12th St. in Manhattan. * A $3.1 million first mortgage and a $500,000 line of credit for Lenru Apartment Corp., a 103-unit co-op at 3400 Wayne Ave. in the Bronx. * A $550,000 first mortgage and a $250,000 line of credit for a nine-unit co-op at 63 East 79th St. in Manhattan. Additionally, Mindy Goldstein, a senior VP at NCB, arranged more than $14 million in financing during the month, including: * A $5.2 million first mortgage and a $500,000 line of credit for Tennis View Apartments, a 175-unit co-op at 4 Dartmouth St. in Queens. * A $4.3 million first mortgage and a $400,000 line of credit for a 72-unit co-op at 2186 Cruger Ave. in the Bronx. * A $1.1 million first mortgage for a 39-unit co-op at 82-04 Lefferts Blvd. in Kew Gardens. * An $850,000 first mortgage and a $500,000 line of credit for a 25-unit co-op at 17-19 East 95th St. in Manhattan. * A $600,000 first mortgage for Westview Equities, Inc., a 22-unit co-op at 34-36 Westview Ave. in Tuckahoe. * A $360,000 first mortgage for an eight-unit co-op at 161 West 76th St. in Manhattan. * A $250,000 line of credit for Finnish Home Building Association, a 30-unit co-op at 816-826 43rd St. in Brooklyn. * A $150,000 line of credit for 211 Terry Owners Inc., a 36-unit co-op at 211-215 Terry Rd./210 Smithtown Rd. in Smithtown. NCB VP Harley Seligman arranged a $2.3 million first mortgage and a $500,000 line of credit for Grand St. Artists Cooperative, an 18-unit co-op at 64-70 Grand St. in Manhattan. As a full-service financial institution, NCB provides term loans, lines of credit, commercial and residential mortgages and personal and business banking products to cooperatives nationwide. NCB offers an array of business banking products for cooperatives including cash management, competitive deposit rates and full service payment processing and lockbox.