New York, NY (October 15, 2026) – National Cooperative Bank (NCB), a top lender for cooperative housing and condominiums in the Tri-State area, provided nearly $310 million to 61 New York cooperatives and condominiums in the third quarter of 2026.
In July, Mindy Goldstein, Senior Vice President, secured a $40.5 million first mortgage and a $1,000,000 line of credit for North Isle Village, Inc., a 761-unit cooperative located at 50 Gibbs Road in Coram, NY. Originally built in 1973, the complex’s 42 two-story buildings were converted to cooperative ownership in 1987. Recent capital improvements include replacing sidewalks and HVAC units, upgrading courtyards, completing roofing work, and adding pickleball lines to the tennis courts. A portion of the financing will support the continuation of these projects.
In September, Harley Seligman, Senior Vice President, originated a $3.3 million first mortgage and a $500,000 line of credit for 150-15 79 Ave. Owners Corp., a 75-unit cooperative located at 150-15 79th Avenue in Flushing, NY. The six-story building, constructed in 1970 and incorporated in 1982, recently completed roof replacement and boiler and elevator upgrades. Planned improvements include repaving the parking lot and remodeling the lobby.
Also in September, Ed Howe, Managing Director, arranged a $1.2 million first mortgage for Gingerbread Owners Corp., a 17-unit cooperative located at 56 Pondfield Road West in Bronxville, NY. Built around 1936 and incorporated in 1986, the five-story building recently completed major capital improvements, including roof repairs and driveway and sidewalk sealing.
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.
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