Business Services Industry
National Cooperative Bank
Real Estate Weekly, Dec 29, 2004
National Cooperative Bank announced the following transactions:
* A $9 million first mortgage and a $500,000 line of credit for a 309-unit co-op on Bonaire Circle in Suffern, N.Y.;
* A $5.5 million first mortgage and a $1.5 million line of credit for an 85-unit co-op on River-side Drive in New York City;
* A $4.5 million first mortgage and a $400,000 line of credit for a 95-unit co-op on E. 79th St. in New York City;
* A $2.5 million first mortgage and a $500,000 line of credit for a 124-unit co-op on E. 91st St. in New York City;
* A $2.1 million first mortgage for a 59-unit coop on Palmer Road in Mamaroneck, N.Y.;
* A $1.75 million first mortgage for a 111-unit co-op on Ocean Parkway in Brooklyn, N.Y.;
* A $1.6 million first mortgage and a $500,000 line of credit for a 126-unit co-op on Ketcham St. in Elmhurst, N.Y.;
* A $1.2 million first mortgage for a 42-unit co-op on Beach 120th St. in Belle Harbor, N.Y.;
* A $500,000 unsecured line of credit for a 93-unit co-op on Sanford Ave. in Queens, N.Y.;
* A $2.5 million first mortgage and a $500,000 line of credit for a 62-unit co-op on Fifth Ave. in New York City;
* A $2.3 million first mortgage and a $700,000 line of credit for a 72-unit co-op on Central Park South in New York City;
* A $2 million first mortgage and a $500,000 line of credit for a 218-unit co-op on Fairview Ave. in New York City;
* A $1.1 million first mortgage and a $300,000 line of credit for a 71-unit co-op on Warburton Ave. in Yonkers, N.Y.;
* A $700,000 first mortgage and a $200,000 line of credit for a 40-unit co-op on Smith St. in Freeport, N.Y.;
* A $3.3 million first mortgage and a $1.5 million line of credit for a 48-unit co-op on Central Park West in New York City;
* A $1.8 million first mortgage and a $500,000 line of credit for a 35-unit co-op on West End Ave. in New York City;
* A $1.3 million first mortgage and a $500,000 line of credit for a seven-unit co-op on Great Jones St. in New York City;
* A $1.3 million first mortgage and a $500,000 line of credit for a 10-unit co-op on E. 19th St. in New York City;
* A $1 million first mortgage and a $250,000 line of credit for a 60-unit co-op on Bronx River Road in Yonkers, N.Y.;
* A $1 million line of credit for a 53-unit co-op on Summit Ave. in Summit, N.J.;
* A $650,000 line of credit for a 91-unit co-op on W. 72nd St. in New York City;
* A $380,000 first mortgage for a 12-unit co-op in Great Neck, N.Y.;
* A $300,000 line of credit for a 78-unit co-op on Bronx River Road in Yonkers, N.Y.;
* A $300,000 line of credit for a 33-unit co-op on Lexington Ave. in New York City;
* A $300,000 unsecured line of credit for a 41-unit co-op on E. 87th St. in New York City;
* A $300,000 line of credit for a 70-unit co-op on Tompkins Ave. in Mamaroneck, N.Y.;
* A $200,000 line of credit for a 151-unit co-op in Staten Island, N.Y.;
* A $175,000 first mortgage for an eight-unit co-op on Carroll St. in Brooklyn, N.Y.;
* A $165,000 first mortgage and a $50,000 line of credit for a three-unit co-op on E. 10th St. in New York City;
* A $100,000 line of credit for a 44-unit co-op on Randall Ave. in Freeport, N.Y.
Edward Howe III, Sheldon Gartenstein and Mindy Goldstein arranged the financing for these transactions.
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