
September 15, 2008 -
Financial Digest
According to Edward Howe III, managing director of the NCB, the bank originated $35 million in financing for 27 area properties. The financings included $24 million in mortgages and $11 million in lines of credit.
NCB's senior VP Sheldon Gartenstein arranged a total of $8.6 million in loans, including a $1.8 million line of credit for Gunther Building 1873 Corp., a 10-unit co-op located at 55 Greene St. & 469 Broome St.
Howe arranged a total of $11.2 million in loans, including a $6.8 million first mortgage and a $2.5 million line of credit for a 225-unit co-op located at 315 East 72nd St.
NCB's senior VP Mindy Goldstein arranged a total of $14.7 million in loans, including a $2.8 million first mortgage and a $100,000 line of credit for Amackassin Gardens, Inc., a 40-unit co-op located at 293-295 North Broadway/11 Pine St. in Yonkers.