NEW YORK CITY — National Cooperative Bank (NCB) originated more than $60 million in new loans during October for 21 New York area properties. Harley Seligman secured $23.2 million in new financing, including a $13.5 million first mortgage and a $1 million line of credit for Maple Plaza Housing Development Fund Corp., a 154-unit co-op at 1911-1929 Madison Ave. in Manhattan. Seligman also arranged $3.4 million in financing for Tara Close Apartments Corp., a 99-unit co-op at 77 Carpenter Ave. in Mount Kisco, N.Y.; and he arranged a $1 million first mortgage and $800,000 line of credit for Gramatan Court Apartments Inc., a 27-unit co-op at 23-25 Sagamore Road in Bronxville, N.Y.
Edward Howe III arranged nearly $22 million in loans, including a $7 million first mortgage and $500,000 line of credit for an 84-unit co-op at 711 Shore Road in Long Beach, N.Y.; a $4 million first mortgage and $500,000 line of credit for Linden Hill No. 2 Cooperative Corp., a 384-unit co-op at 142-14/142-20 26th Ave. in Flushing; and a $4 million first mortgage and $1 million line of credit for Grinnell Housing Development Fund Corp., an 81-unit co-op at 800 Riverside Drive in Manhattan.
Additionally, Mindy Goldstein arranged $15 million in financing, including a $4.5 million first mortgage and $750,000 line of credit for Colorado Owners Inc., a 136-unit co-op at 67-12 Yellowstone Blvd. in Forest Hills, N.Y.; a $4.5 million first mortgage and $500,000 line of credit for Congress Owners Ltd., a 180-unit co-op at 200-220 Congress St. in Brooklyn; and a $1.8 million first mortgage for a 60-unit co-op at 6535 Broadway in the Bronx.
NCB is a full-service financial institution that provides term loans, lines of credit, commercial and residential mortgages and personal and business banking products to cooperatives nationwide.