Jai Patel

Owner

Jai Patel portfolio

$9.4 million* – hotel 100%; Queens 58%, Bronx 41%

2747th largest portfolio by dollar value

43,877 sqft – hotel 100%;

3062th largest by SF

2 properties – Bronx 50%, Queens 50%

3236th largest

8 residential units – Bronx 100%, Manhattan 0%

4302th largest by residential units

Person Activity past 24 months:

Borrower signatory: 1 for $30 million

Developer (new building or major alteration): 4.0 for 0 square feet

Top Ten Associated Companies:

Metro City Bank (1), Crown Bank (1), NewBank (1)

Top Ten Associated People:

Michelle Lee (1)

Recent activity as company:

PrideHospitalityGroup borrowed $30 million from Metro City Bank for 149-03 Archer Avenue, Jamaica, Queens on January 10, 2024.

Jai Patel filed plans for new building for 23,383 sqft in East Flatbush, Brooklyn, on May 03, 2022.

Jai Patel filed plans for new building for 26,192 sqft in Parkchester, Bronx, on April 15, 2022.

Jai Patel borrowed $5 million from Crown Bank for 1275 Pugsley Avenue, Unionport, Bronx on October 06, 2021.

Pride Hospitality Group borrowed $5 million from NewBank for 4387 3rd Avenue, Tremont, Bronx on April 28, 2021.

Properties:

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*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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