NEW YORK — National Cooperative Bank has originated $34.3 million in new loans during November for 10 properties in New York City, Belle Harbour and Riverdale, N.Y.
Edward Howe III of National Cooperative Bank originated $15.6 million in loans, including:
– A $9.3 million first mortgage and a $700,000 line of credit for Gentry Apartments Inc., a 247-unit co-op located at 310 Lenox Road and 330 Lenox Road in Brooklyn
– A $2.9 million first mortgage and $250,000 line of credit for Beach 124 Apt. Inc., a 67-unit co-op located at 125 Beach 124th St. in Belle Harbour.
– A $2.2 million first mortgage and $300,000 line of credit for a 33-unit co-op at One Clark Street in Brooklyn.
Harley Seligman of National Cooperative reported $14.7 million in loans, including:
– A $10.5 million first mortgage and $1 million line of credit for Arlington Owners, Inc., a 281-unit co-op at 139-15 83rd Ave. in Briarwood.
– A $1.4 million term loan for Strivers Gardens Condominium, a 169-unit condominium association at 300 W. 135th St. in Manhattan.
– A $1 million third mortgage and $750,000 line of credit for The Knolls Cooperative Section No. 1 Inc., a 238-unit co-op at 60 Knolls Crescent in Riverdale.
Mindy Goldstein, also of National Cooperative, originated $4 million in loans, including:
– A $1.5 million first mortgage for a 12-unit co-op at 34-36 North Moore St. in Manhattan.
– A $700,000 first mortgage and $500,000 line of credit for West 16th St. Tenants Corp., a 10-unit co-op at 325 W. 16th St. in Manhattan.
– A $600,000 first mortgage for a six-unit co-op at 14 E. 68th St. in Manhattan.
– A $500,000 first mortgage and a $200,000 line of credit for an eight-unit co-op at 39 E. 19th St. in Manhattan.