NCB arranges $38 million for 27 N.Y. area props.

According to Edward Howe III, managing director of the NCB N.Y. office, the bank originated $38 million in financing for 27 area properties. The financings included $22.2 million in mortgages and $16.4 million in lines of credit. NCB's senior VP Sheldon Gartenstein arranged a total of $10.7 million in loans, including a $3 million line of credit for Gramercy Park Residence Corp., a 148-unit co-op located at 60 Gramercy Park North. Howe arranged a total of $13.8 million in loans, including a $3 million line of credit for a 71-unit co-op located at 176 Broadway. NCB's senior VP Mindy Goldstein arranged a total of $14.1 million in loans, including a $2.5 million first mortgage for a 78-unit co-op located at 37-51 86th St. in Jackson Heights.