---
title: National Cooperative Bank Originated Over $129 Million for New York Area Cooperatives and Condominiums in the Third Quarter of 2025
description: National Cooperative Bank (NCB), a leading lender to cooperative housing and condominiums throughout the Tri-State area, originated over $129 million to 52 New York area housing cooperatives and condominiums during the third quarter of 2025.
image: https://www.ncb.coop/hubfs/Screenshot%20-%20Birchwood%20on%20the%20Green%20Owners%20Corp.png
---

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# National Cooperative Bank Originated Over $129 Million for New York Area Cooperatives and Condominiums in the Third Quarter of 2025

October 9, 2025

![National Cooperative Bank Originated Over $129 Million for New York Area Cooperatives and Condominiums in the Third Quarter of 2025](https://www.ncb.coop/hubfs/Screenshot%20-%20Birchwood%20on%20the%20Green%20Owners%20Corp.png)

New York, NY (October 9, 2025) – National Cooperative Bank (NCB), a leading lender to cooperative housing and condominiums throughout the Tri-State area, originated over $129 million to 52 New York area housing cooperatives and condominiums during the third quarter of 2025. Edward Howe III, Managing Director of NCB’s New York office, made the announcement. 

In August, Mindy Goldstein, Senior Vice President, arranged a $7.5 million first mortgage and a $1 million line of credit for Birchwood on the Green Owners Corp., a 335-unit cooperative located at 2800 Wilshire Lane in Oakdale. The garden-style complex, consisting of 12 two-story buildings constructed between 1967 and 1969, was incorporated in 1985. The cooperative plans to use the financing for several key upgrades, including renovation of the party room, installation of a lawn sprinkler system, and improvements to the parking lots.

Also in August, Mr. Howe secured a $2.4 million first mortgage for 111 Tenants Corp., a 35-unit cooperative located at 111 East 75th Street on Manhattan’s Upper East Side. The nine-story building was originally constructed in 1925 and converted to cooperative ownership in 1971. The financing will support ongoing Local Law 11 compliance projects.

In September, Harley Seligman, Senior Vice President, arranged a $6.3 million first mortgage and a $1 million line of credit for Colorado Owners, Inc., a 135-unit cooperative located at 67-12 Yellowstone Boulevard in Forest Hills. The six-story elevator building was built in 1951 and incorporated as a cooperative in 1985. Loan proceeds will be used to fund Local Law work and capital improvements, including repairs to the garage, courtyard, and sidewalks.

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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#### Mary Alex Blanton

Senior Vice President  
[703.302.8876](tel:7033028876)

#### Heather Cummings

Vice President  
[937.393.6429](tel:9373936429)

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