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NCB’s Robbie Gendels Named Preferred Lender for Fort Tryon Gardens in Upper Manhattan

New York, New York (August 6, 2007) — NCB, the leading provider of financing to New York housing cooperatives, has announced that Robbie Gendels, Senior Loan Officer of the Residential Real Estate Group at NCB’s New York office has been named a preferred lender for Fort Tryon Gardens, a recently converted luxury cooperative in Upper Manhattan. As a preferred lender, Ms. Gendels will expedite the timely arrangement of fixed rate and adjustable rate mortgages for buyers at Fort Tryon Gardens, often providing same day approval for these customers.

To inform potential buyers about NCB’s financing options, Ms. Gendels sponsors weekly open houses at the cooperative every Sunday to meet with customers and provide on the spot answers to mortgage questions.

“For more than 20 years, NCB has been a leading lender for cooperative homeowners in the New York Tri-State area,” said Scott Morrow, Sales Director of Fort Tryon Gardens.  “We wanted to provide our buyers with a lending partner very well-versed in financing for cooperative housing, and prepared to provide efficient, creative loans to meet their varied needs. NCB is truly that bank, and we’re thrilled to be working with an executive of Robbie’s caliber.”

As an industry veteran, Ms. Gendels has built a strong reputation as a top loan officer, specializing in homeowner financing at NCB for nearly a decade.  Ms. Gendels is able to tailor financing to the needs of New York area residents, from mortgages to home equity lines of credit to reverse mortgages.  Regarded as one of the industry’s leading finance specialists, Ms. Gendels was recently recognized for her professional achievements as one of 20 women named to Women in Real Estate for 2007 in Development NY-Residential.  This monthly publication, which reports the latest residential and retail developments in Manhattan, compiles the list annually and honors the women with a feature in an issue of the publication and at an awards ceremony.  Ms. Gendels’ success in providing creative, individual unit financing to Tri-State area customers led her to be named to this impressive list of professionals.

Fort Tryon Gardens, a new cooperative conversion, presents a great housing opportunity for New Yorkers, as one of the few cooperatives in New York that does not require board approval.  Located just 15 minutes from Columbus Circle and 30 minutes from Wall Street by subway, the cooperative’s seven buildings overlook Fort Tryon Park and The Cloisters.  The completely restored homes, originally built in the 1950’s, are available in studios, one- and two-bedroom configurations. The residences boast renovated kitchens and baths with new appliances, granite countertops, and hardwood floors throughout the units. 

NCB has been providing tailored financing packages for cooperatives buyers, like those at Fort Tryon Gardens, for more than two decades. To-date, NCB has arranged more than $1 billion in cooperative apartment, condominium and single-family financing throughout the United States. As one of the most active lenders in the country, the Bank’s customers benefit from efficient services that include same-day loan approval, cash-out refinancing and flexible underwriting, to name a few.  NCB’s Residential Real Estate team in New York is able to offer the Bank’s full suite of products and services, and is well regarded for its outstanding customer service, competitive pricing and timely closings.

NCB means National Consumer Cooperative Bank, its subsidiaries and NCB Capital Impact, an affiliated non-profit corporation. Loans and technical assistance may be provided by NCB, NCB Capital Impact or NCB, FSB, all of which are Equal Housing Lenders. NCB, FSB is a wholly-owned subsidiary of NCB. Deposit products and services are provided by NCB, FSB, which is FDIC insured. Independent financial advisory services are offered through NCB Financial Advisors. Housing development services are offered through NCB and NCB Capital Impact's jointly owned subsidiary, NCB Community Works, LLC.

NCB is dedicated to strengthening communities nationwide through the delivery of banking and financial services, complemented by a special focus on cooperative expansion and economic development. Headquartered in Washington, DC, NCB also has offices in Alaska, California, New York and Virginia. In addition, NCB has a growing community banking network in southwestern Ohio. To learn more about NCB, visit www.ncb.coop.