Joseph Banda borrows $37M from Bank Leumi for construction in Park Slope

Joseph Banda through the entity Vibes Of One LLC as borrower signed a loan agreement with lender Bank Leumi USA valued at $37.1 million for 262 9th Street in Park Slope. The deal closed on December 30, 2019 and was recorded on January 16, 2020.
There has been one new building permit application for the parcel, totaling 57,886 zoning square feet. Those plans include a total of 67 residential units.
The last time the property sold was July 10, 2018, for $15,500,000.

Over the past five years, there have been 4 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There was one renovation/alteration project (A2) applied for with a total estimated value of $20,000.  There have been 2 demolition projects filed over the past five years. The demolition included 3 residential units.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link