Investor Profile - DE
Karen Spellman
Karen Spellman is a real estate investor and operator based in Philadelphia, PA-NJ-DE-MD. Public filings show activity across 75 properties held through 2 holding companies. Recent mortgage relationships include Dwight Capital.
Karen's Activity
As of June 2026, public records show approximately $9.5M in recorded mortgage exposure linked to this investor across at least 1 mortgage filings and 75 properties held through 2 holding companies. Activity appears concentrated in residential and commercial assets recorded between 2015 and 2025.
Associated People
Primary Geography
Philadelphia, PA-NJ-DE-MD
ZIP codes: 19801, 19802, 19805, and 19806
Most activity in WILMINGTON.
Property Type Breakdown
Associated Entities (2)
DE · 0 properties · 1 mortgage
DE · 5 properties · 0 mortgages
Mortgages (1)
Top Lenders
| Date | Amount | Status | Lender | Borrower | Address |
|---|---|---|---|---|---|
| 06/26/2019 | $9.5M | Open | Dwight Capital | ELECTRA ARMS SENIOR ASSOCIATES LP | - |
Owned Properties (75)
| Address | Deeded owner | Status | Consideration |
|---|---|---|---|
| 1420 N FRANKLIN ST, WILMINGTON, DE 19806 | WILMINGTON HOUSING AUTHORITY | Owns - 2.5 yrs | $30.0M |
| 1209 DELAWARE AVE, WILMINGTON, DE 19806 | WILMINGTON HOUSING AUTHORITY | Owns - 2.5 yrs | $30.0M |
+73 more not shown
FAQ
What type of real estate does this investor focus on?
Associated mortgages and deeds show activity in residential and commercial properties across Philadelphia, PA-NJ-DE-MD.
What companies is Karen Spellman associated with?
Karen Spellman is associated with 2 entities based on extracted signatures from public records. Key entities include ELECTRA ARMS SENIOR ASSOCIATES LP and WILMINGTON HOUSING AUTHORITY.
How many properties are associated with this investor?
At least 75 properties are associated with Karen Spellman and the entities they control, based on signatures extracted from recorded documents connecting Karen Spellman to the entities.
Which lenders has this investor worked with?
Recent mortgage activity references Dwight Capital, indicating a mix of lending relationships.
How recent is their activity?
Records show activity from 2015 through 2025, with the most recent mortgage recorded in 2019.
How is associated activity determined?
Elementix uses AI to extract signatures from recorded documents. These signatures are used to determine the relationships between people and entities. This is a novel approach that goes beyond looking at corporate filings and skip-tracing.
The information displayed on this page is compiled from recorded real estate documents, business filings, and other lawfully available sources. Elementix summarizes and analyzes public record activity related to investment real estate and associated business entities. Any contact indicators shown (such as email domain references or partial phone digits) are provided solely as unverified signals and may be incomplete or outdated.
Elementix is not a consumer reporting agency, and this information does not constitute a consumer report. The data may not be used to make decisions about an individual's eligibility for personal credit, consumer housing, employment, insurance, or any other purpose governed by the Fair Credit Reporting Act.
Elementix may suppress certain contact indicators where legally required or where appropriate for safety or privacy reasons. Requests for removal, suppression, or correction of information must be submitted to [email protected]. Elementix reviews such requests only where required by applicable law. General objections or unsupported demands do not create a removal obligation.