Hemal C. Patel
(Hemal Patel, Hemal Chandresh Patel)
Owner
8723 144th Street; Jamaica, NY 11435
Hemal C. Patel NYC portfolio
$31.7 million -hotel 100%; Queens 56%, Brooklyn 22%, Bronx 21%*
2809th largest portfolio by dollar value
80,015 sqft – hotel 100%; Queens 71%, Bronx 28%
2700th largest by SF
3 properties – Bronx 33%, Brooklyn 33%, Queens 33%
2899th largest
Person Activity past 24 months:
Borrower signatory: 1 for $5 million
Developer (new building or major alteration): 3 for 0 square feet
Top Ten Associated Companies:
PromiseOne Bank (1), Bank of Hope (1), Alpine Capital Bank (1), Spring Bank (1)
Top Ten Associated People:
Soojin Kim (1), Dan Kim (1)
Recent activity as signatory:
• Hemal Chandresh Patel and Samir C. Patel borrowed $5 million from PromiseOne Bank for 405 Alden Place on May 22, 2026.
• Samie C. Patel and Hemal C. Patel borrowed $13.5 million from Bank of Hope for 37-11 12 Street on September 07, 2023.
• Arch Street Capital Advisors borrowed $5.6 million from Spring Bank for 405 Alden Place on June 18, 2021.
• Hemal C. Patel borrowed $5.3 million from Alpine Capital Bank for 1755 Pitkin Avenue on December 14, 2020.
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