Joseph Banda
Ranco Capital
Owner
Ranco Capital portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$3.7 million – elevator 70%, development 29%; Brooklyn 100%, Manhattan 0%
4308th largest portfolio by dollar value
21,052 sqft – elevator 100%, development 0%;
4080th largest by SF
2 properties – Brooklyn 100%, Manhattan 0%
155th largest
77 residential units – Brooklyn 100%, Manhattan 0%
721th largest by residential units
Person Activity past 24 months:
Buyer signatory: 1 for $2.8 million
Seller signatory: 0 for $0
Borrower signatory: 1 for $82 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Goodman Capital (1), Bridge City Funding (1), Pauline Lam (1), Valley National Bank (1), Grasshopper Bank (1), Robert Weil (1), Bridgecity Capital (1), Bank of Princeton (1), BankUnited (1), Joseph Mattone (1)
Top Ten Associated People:
Eric Goodman (1), Allan Lebovits (1), Hung Henry Koon, Pauline Lam (1), Terence McArdle (1), Arthur M. Birenbaum (1), Robert Weil (1), Ellen Hoey (1), Joseph Mattone and James Mannix (1)
Recent activity as signatory:
• Robert Gilardian borrowed $82 million from Bridgecity Capital for 534 3rd Avenue, Murray Hill, Manhattan on September 10, 2024.
• Robert Weil sold 402 Union Avenue, Williamsburg, Brooklyn for $2.8 million to Joseph Banda on December 18, 2023.
• Joseph Banda borrowed $7 million from Grasshopper Bank for 162-166 20th Street, Greenwood Heights, Brooklyn on October 28, 2022.
• Joseph Banda borrowed $45.4 million from Valley National Bank for 262 9th Street, Park Slope, Brooklyn on May 03, 2022.
• Joseph Banda borrowed $16 million from Goodman Capital for 262 9th Street, Park Slope, Brooklyn on May 03, 2022.
• Joseph Banda borrowed $55 million from Bridge City Funding for 262 9th Street, Park Slope, Brooklyn on February 07, 2022.
• Joseph Banda filed plans for major alteration for 14,570 sqft in Flatbush, Brooklyn, on December 30, 2021.
• Joseph Banda borrowed $6 million from 1st Constitution Bank for 494 East 23rd Street, Flatbush, Brooklyn on December 02, 2021.
• Ranco Capital borrowed $16.5 million from Parke Bank for 2045 Ocean Avenue, Midwood, Brooklyn on November 10, 2021.
• Joseph Banda borrowed $5.9 million from BankUnited for 6803 3rd Avenue and 6803 3rd Avenue, Bay Ridge, Brooklyn on December 23, 2020.
Latest Stories:
• Joseph Banda borrows $16.8M from Bank of Princeton for property in Williamsburg September 11, 2020
• Mattone Investors files plans for 97K sf residential building in Williamsburg August 14, 2020
• Joseph Banda borrows $37M from Bank Leumi for construction in Park Slope January 17, 2020