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 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:

• Gilar Realty, Ranco Capital sign $87M construction loan with BridgeCity for 155-unit project in Murray Hill September 12, 2024

• Ranco Capital signs $17.7M refi with Webster Bank for new 50-unit building in Midwood December 01, 2023

• Carlyle, Z+G pay $97.5M to Joel Werzberger, Yoel Hershkowitch for 123-unit project in Williamsburg August 11, 2023

• Eliahu Nahman signs $30.2M refi with Lincoln Benefit for fee under residential project in Park Slope June 17, 2022

• Yoel Hershkowitch signs $72.5M construction loan with Bridge City 123-unit project in Williamsburg January 20, 2022

• Ranco Capital signs $16.5M construction loan with Parke Bank for 50-unit project in Midwood November 11, 2021

• Joseph Banda pays $19M to Joseph Mattone and James Mannix for bankrupt property in Williamsburg September 11, 2020

• 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

Litigation:

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