Maheshchand M. Ratanji

Owner

Maheshchand M. Ratanji portfolio

(NYC’s “Market Value,” 50% or less of actual value)

$62 million – hotel 95%, office 3%; Brooklyn 54%, Bronx 41%

802th largest portfolio by dollar value

374,854 sqft – hotel 91%, H3 4%;

749th largest by SF

20 properties – Brooklyn 55%, Bronx 35%

137th largest

96 residential units – Brooklyn 100%, Manhattan 0%

702th largest by residential units

Person Activity past 24 months:

Buyer signatory: 3 for $37.2 million

Seller signatory: 0 for $0

Borrower signatory: 7 for $80.7 million

Lender signatory: 0 for $0

Developer (new building or major alteration): 0 for 0 square feet

Top Ten Associated Companies:

State Bank of Texas (6), PCSB Bank (5), Ponce Bank (2), Webster Bank (2), Rajendra R. Patel (2), Mamraben R. Patel (2), Maheshchand M. Ratanji (1), Customers Bank (1), Parke Bank (1), Salisbury Bank and Trust Company (1)

Top Ten Associated People:

Stephanie Melowsky (3), Sushil Patel (2), Rajendra R. Patel (2), Carlos P. Naudon (1), Grace Sabino (1), Joseph A. Giamartino (1), Christopher J. Fiorillo (1), Joseph Yunatanov (1), Melody Collins (1), Rajan Patel (1)

Recent activity as signatory:

• Maheshchand Ratanji borrowed $15 million from Rajendra R. Pateland Mamraben R. Patel for 1090 Myrtle Avenue, Bedford Stuyvesant, Brooklyn on October 17, 2024.

• Rajendra R. Pateland Mamraben R. Patel sold 1090 Myrtle Avenue, Bedford Stuyvesant, Brooklyn for $22 million to Maheshchand Ratanji on October 17, 2024.

• Maheshchand M. Ratanji borrowed $6.7 million from State Bank of Texas for 611 Degraw Street, Gowanus, Brooklyn on August 22, 2024.

• Series 2017-C6 sold 611 Degraw Street, Gowanus, Brooklyn for $9.2 million to Maheshchand M. Ratanji on August 22, 2024.

• Maheshchand M. Ratanji borrowed $15 million from State Bank of Texas for 1122 Southern Boulevard, East Morrisania, Bronx on July 23, 2024.

• Maheshchand M. Ratanji borrowed $15 million from State Bank of Texas for 2718 Fulton Street, Cypress Hills, Brooklyn on March 12, 2024.

• Maheshchand M. Ratanji borrowed $9 million from First Federal Savings of Middletown for 640 Gerard Avenue, Concourse, Bronx on February 05, 2024.

• Maheshchand M. Ratanji borrowed $11 million from State Bank of Texas for 55 Sheffield Avenue and 51 Sheffield Avenue, Cypress Hills, Brooklyn on August 09, 2023.

• Maheshchand M. Ratanji borrowed $9 million from PCSB Bank for 1893 Washington Avenue, Tremont, Bronx on March 31, 2023.

• Joseph Yunatanov sold 869 Concourse Village We, Concourse Village, Bronx for $6 million to Maheshchand M. Ratanji on March 16, 2023.