Sushil Patel

Person Activity past 24 months:

Lender signatory: 1 for $9.8 million

Top Ten Associated Companies:

Maheshchand M. Ratanji (2), Maheshchand Ratanji (1), Rajesh Bhagia (1), Joginder Sharma (1), Surjeet Kaur (1), McSam Hotel Group (1), United Construction & Development Group (1)

Top Ten Associated People:

Maheshchand M. Ratanji (2), Maheshchand Ratanji (1), Rajesh Bhagia (1), Joginder Sharma (1), Surjeet Kaur (1), Sam Chang (1), Jiashu Xu (1)

Recent activity as signatory:

• Maheshchand Ratanji borrowed $9.8 million from State Bank of Texas for 449 West 36 Street on December 30, 2024.

• Surjeet Kaur borrowed $13 million from State Bank of Texas for 143-06 94 Avenue on March 28, 2024.

• Maheshchand M. Ratanji borrowed $9 million from First Federal Savings of Middletown for 120 East 151 Street on January 31, 2024.

• Joginder Sharma borrowed $23.5 million from State Bank of Texas for 34 West 29 Street on October 25, 2023.

• United Construction & Development Group borrowed $31.1 million from State Bank of Texas for 112-15 Northern Boulevard, 112-15 Northern Boulevard, 112-15 Northern Boulevard, 112-15 Northern Boulevard, and 112-15 Northern Boulevard, North Corona, Queens on October 16, 2023.

• Maheshchand M. Ratanji borrowed $11 million from State Bank of Texas for 55 Sheffield Avenue on July 25, 2023.

• McSam Hotel Group borrowed $35 million from State Bank of Texas for 225 West 46 Street on February 15, 2023.

• Maheshchand M. Ratanji borrowed $8.8 million from State Bank of Texas for 1122 Southern Boulevard on June 29, 2022.

• Rajesh Bhagia borrowed $14.8 million from State Bank of Texas for 543 President Street on May 31, 2022.

• Maheshchand M. Ratanji borrowed $9.9 million from Ponce Bank for Nostrand avenue on April 28, 2022.

Latest Stories:

• Maheshchand Ratanji pays $14M to SMA Group NYC for hotel in Hudson Yards (January 15, 2025)

• Hotelier Maheshchand Ratanji signs contract to buy Hudson Yards hotel that has $8.7M loan (October 23, 2024)

• Maheshchand Ratanji signs $15M refi for new hotel in East Morrisania (July 24, 2024)

• United Construction & Development Group signs $31.1M refi with State Bank of Texas in North Corona (November 15, 2023)

• McSam Hotel Group signs $35M refi with State Bank of Texas for new Marriott hotel in Times Square (February 20, 2023)

• Jinsup An signs $9.7M refi with Metropolitan Commercial Bank for hotel in Hudson Yards (February 17, 2022)

• Peachtree Hotel buys $26.5M note secured by Sharma Development’s Nomad hotel (July 28, 2021)

• McSam Hotel signs $15M construction loan with Silver Point for hotel in Times Square (June 18, 2021)

• Maheshchand Ratanji signs $8M new construction loan with State Bank of Texas for hotel in Cypress Hills (May 03, 2021)

• Makhan Sandhu files plans for 120-key hotel in Jamaica (November 13, 2020)