National Cooperative Bank (NCB), a leading lender to
cooperative housing throughout the Tri-State area, arranged $10.7 million in
loans in June for three Westchester Co-ops in Port Chester, Eastchester and New
Rochelle. Overall during June, the bank arranged $25.6 million in new loans for 11 New York area properties.
Vice President Harley Seligman arranged $5.2 million of the financing which includes a $1.5 million first mortgage and $500,000 line of credit for Port Chester Apartments, Inc., a 90-unit co-op at 330-350 South Regent St. in Port Chester.