Republic National Bank of New York

Real Estate Weekly, Nov 24, 1999

Republic National Bank of New York's Commercial Real Estate Department recently closed $39.55 million in multi-family and cooperative mortgage loans with unsecured lines of credit for cooperatives. The loans were structured for five- to 15-year terms at fixed rates with no commitment fees. The loans were made to various borrowers on a non-recourse basis and closed within 40 days.

Subject properties included: an 80-unit cooperative at 890 West End Avenue; a 117-unit cooperative, 107 West Apartment Corp.; and the 59-unit cooperative at 325 East 72nd Street, all in Manhattan; multi-family properties at 60 Caryl Street and 93 William Street in Yonkers, NY; and the 10-unit multi-family property at 204-08 Battle Avenue in White Plains, NY.