New York, NY (January 8, 2026) – National Cooperative Bank (NCB), a leading lender to cooperative housing and condominiums throughout the Tri-State area, originated over $186 million to 58 New York area housing cooperatives and condominiums during the fourth quarter of 2025. Edward Howe III, Managing Director of NCB’s New York office, made the announcement.
Mr. Howe secured a $5.5 million first mortgage and a $500,000 line of credit for 150 West 87th Street Owners Corp., a 39-unit cooperative located at 150 West 87th Street in Manhattan’s upper west side. The nine-story building, originally constructed in 1914 and converted to cooperative ownership in 1990, will utilize a portion of the financing to support ongoing Local Law 11 compliance projects.
Harley Seligman, Senior Vice President, originated a $5 million first mortgage and a $500,000 line of credit for Southridge Cooperative Section 3, Inc. a 358-unit cooperative located at 105-25 90th Street in Jamaica. The six-story building, constructed and incorporated in 1957, recently underwent significant capital improvements, including new elevators, garage and apartment renovations, and the addition of a gym.
Mindy Goldstein, Senior Vice President, arranged a $4.8 million first mortgage and a $500,000 line of credit for 855 E. Broadway Owners Corp., a 62-unit cooperative located at 855 East Broadway in Long Beach. The seven-story building, originally constructed in 1964 and incorporated in 1982, recently completed a series of major capital improvements, including brick repointing, façade restoration, elevator modernization, and boiler upgrades.
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.
