National Cooperative Bank (NCB) originated $48.3 million in new loans during December for 27 New York area properties.
Edward Howe III, managing director of the NCB New York office, originated $27.3 million in new loans during December, including the largest loan of the month, a $7 million first mortgage and a $1 million line of credit for 201 West 21st Street, a 130-unit co-op in Manhattan.
Other activity included:
• A $4 million first mortgage for Jefferson Avenue Owners Corp., a 120-unit co-op at One Jefferson Avenue in Rockville Centre, NY;
• A $3 million first mortgage and a $500,000 line of credit for Skyline Terrace Cooperative, Inc., a 140-unit co-op at 350 Richmond Terrace in Staten Island, NY;
• A $2.1 million first mortgage and a $500,000 line of credit for a 62-unit co-op at 311 East 75th Street in Manhattan;
• A $2 million second mortgage for Cameo House Owners, Inc., a 101-unit co-op at 300 Martine Ave. in White Plains, NY;
• A $1.5 million first mortgage at a 42-unit co-op at 302 Convent Avenue, Manhattan;
• A $1 million first mortgage and a $500,000 line of credit for a 100-unit co-op at 625 Gramatan Avenue in Mount Vernon, NY;
• A $1 million first mortgage and a $250,000 line of credit for 4213 Village Corp., a 39-unit co-op at 42 West 13th Street in Manhattan;
• A $700,000 third mortgage for Woodrow Court Inc., a 51-unit co-op at 565 West 169th Street in Manhattan;
• A $650,000 first mortgage and a $50,000 line of credit for Eleven Park Place Owners, Inc., a 16-unit co-op at 11 Park Place in Rockville Centre, NY.
