Northeast Community Bank

Lender

Member since December 2022

Website

$618M

Volume

—

Sold

$618M

Financed

Closed

324K sf

Area

AI SummaryBeta

Northeast Community Bank is a lender specializing in financing development projects, with a total volume of $618M across 35 closed deals. Recent significant loans include $16.1M for a 52-unit development and $16.2M for 38 units in the Bronx.

AI-generated from Traded deal data. May contain errors.

About

NorthEast Community Bank (NECB) was founded in 1934 as a community bank with a mission to help families and businesses in our communities prosper. We grew up in Manhattan, Brooklyn and the Bronx, gaining, and maintaining, a reputation as experts at lending to owners and developers of multi-family and mixed-use properties, as well as commercial and industrial businesses and cooperative buildings. The bank spent many years helping to build businesses in Manhattan and surrounding boroughs, absorbing, enriching and enhancing the many and diverse cultures of our neighborhoods. NECB operates full-service branches and loan production offices in New York (Manhattan, the Bronx, White Plains, New City, Spring Valley and Monroe) and Massachusetts (Danvers, Framingham and Quincy). NECB offers a comprehensive line of banking products and services, including NECB-Mobile banking as well as Commercial Real Estate Loans, Commercial Construction Financing, lines of credit and term loans. Business banking services include Remote Deposit, online banking and bill payment, online financial management tools, ACH services, business checking, sweep accounts, overdraft protection, and wealth management... Read More