Tag: Sidney Hillman

National Cooperative Bank completes $30 million loan to housing co-op founded in 1927 by Amalgamated Clothing Workers Union

Jul 23, 2013

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by

Daniela

in Uncategorized

National Cooperative Bank (NCB), a leading financial services company dedicated to providing banking products to cooperatives nationwide, just completed a $30 million loan for Amalgamated Houses in the Bronx, New York. The country’s oldest limited equity cooperative secured the loan to refinance approximately $8.5 million of existing debt and $19.6 million to bolster its reserves and undertake…