New York, New York (January 23, 2007) — NCB, the leading provider of financing to New York area housing, has originated over $4 million in financing for two coveted Manhattan townhouses. Robbie Gendels, Senior Vice President of Residential Real Estate Group at the Bank’s New York office was responsible for these transactions.
“As townhouses for individual use or condominium development continue to be one of New York’s most prestigious housing options, we’re seeing an increase in the financing demand for this type of property,” stated Ms. Gendels. “We’re proud to offer tailored loan packages for townhouse owners, as well as cooperative, condominium and single-family homes across the region.”
The first transaction was a $2.7 million refinancing following the renovation of a historical townhouse located at 104 East 36th Street in Manhattan. The total restoration of this brownstone property incorporated molded trim, new windows, rusticated ground floor and unique French doors and balconies to complement its historic style. The exterior design of this property was recently honored by the Murray Hill Neighborhood Association at a ceremony held in the prestigious Morgan Library and Museum in New York.
The second transaction was a $1.5 million loan for the purchase of an Upper West Side townhouse located at 318 West 108th Street in Manhattan. This superb five story neo-Renaissance townhouse features a limestone and Roman brick façade, soaring ceilings, full basement and large deck atop the rear extension featuring a serene garden providing fabulous outdoor space. Located on one of the finest residential blocks in the sought-after Columbia University area, this extraordinary 7,400-square-foot townhouse currently contains nine units.
“I enjoy working with a variety of housing types, and borrowers, from seasoned owners to first-time buyers,” says Ms. Gendels, an industry veteran who has built her reputation as one of the top loan officers specializing in homeowner financing. “My intimate understanding of the New York lending market enables me to work hand-in-hand with my customers, and create the best financing package to meet their needs.”
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, Connecticut and New York. In addition, NCB has a growing community banking network in southwestern Ohio. To learn more about NCB, visit www.ncb.coop.