New York, NY (July 17, 2026) – National Cooperative Bank (NCB), a top lender for cooperative housing and condominiums in the Tri-State area, provided nearly $200 million to 69 New York cooperatives and condominiums in the second quarter of 2026.
In June, Ed Howe, Managing Director, secured a $12 million first mortgage and a $500,000 line of credit for Fairharbor Owners, Inc., a 247-unit cooperative located at 400 River Avenue in Patchogue, NY. Originally constructed in 1962, the seventeen two-story buildings were converted to cooperative ownership in 1990. Recent capital improvements include new siding and decks, basement access stairs, and a camera system. A portion of the financing will be allocated to planned capital projects, including a new asphalt parking lot, new knee walls, and new boilers.
In May, Harley Seligman, Senior Vice President, originated a $4 million first mortgage and a $500,000 line of credit for Executive House Owners, Inc., an 84-unit cooperative located at 72-35 112th Street in Forest Hills, NY. The 12-story building, built in 1969 and incorporated in 1984, recently completed façade, roof, and Local Law 88 compliance work, with garage repairs also planned.
In June, Mindy Goldstein, Senior Vice President, arranged a $6 million first mortgage and a $1 million line of credit for 61 Irving Place Corporation., a 32-unit cooperative located at 61 Irving Place in Manhattan. Originally built around 1950 and incorporated in 1980, the eight-story building recently completed major capital improvements, including replacing the water tank and installing a new CCTV system. A planned future improvement is an electrification project.
As a full-service financial institution, NCB offers banking products and services for housing cooperatives, condominiums, HOAs, and their respective management companies. Additional products include treasury management, competitive deposit rates and payment processing, and lockbox solutions.