Investor profile - IL
Ambalal Patel
Ambalal Patel is a real estate investor and operator based in Chicago, IL-IN-WI. Public filings show activity across 6 properties held through 10 holding companies. Recent mortgage relationships include Midland States Bank, FOUNTAINHEAD SBF, and SomerCor.
Ambalal's Activity
As of December 2025, public records show approximately $44.1M in recorded mortgage exposure linked to this investor across at least 16 mortgage filings and 6 properties held through 10 holding companies. Activity appears concentrated in commercial assets recorded between 2017 and 2025.
Primary Geography
Chicago, IL-IN-WI
ZIP codes: 60002, 60108, 60174, 60431, and 60558
Most recorded activity for this investor appears in WESTERN SPRINGS, BLOOMINGDALE, ALSIP, ANTIOCH, and JOLIET.
Property Type Breakdown
Associated Entities (10)
IL · 1 property · 4 mortgages
IL · 0 properties · 4 mortgages
IL · 1 property · 2 mortgages
+7 more not shown
Mortgages (16)
Top Lenders
| Date | Amount | Status | Lender | Borrower | Address |
|---|---|---|---|---|---|
| 05/28/2025 | $600k | Open | First National Bank of Brookfield | MARD GAS STATION LLC AN ILLINOIS LLC | 12249 S CICERO AVE, ALSIP, IL 60803 |
| 01/15/2025 | $738k | Open | Midland States Bank | DRAS REAL ESTATE LLC | 247 E ARMY TRAIL RD, BLOOMINGDALE, IL 60108 |
| 08/20/2024 | $805k | Open | R P FUNDING | DRAVD REAL ESTATE LLC | 359 N AVE, ANTIOCH, IL 60002 |
+13 more not shown
Owned Properties (6)
| Address | Deeded owner | Status | Consideration |
|---|---|---|---|
| 359 N AVE, ANTIOCH, IL 60002 | DRAVD REAL ESTATE LLC | Owns - 17 mos | $1.2M |
| 12249 S CICERO AVE, ALSIP, IL 60803 | MARS GAS STATION LLC | Owns - 4.5 yrs | $0 |
| 247 E ARMY TRAIL RD, BLOOMINGDALE, IL 60108 | RAMCHANDI INC | Owns - 5.5 yrs | $870k |
+3 more not shown
FAQ
What type of real estate does this investor focus on?
Associated mortgages and deeds show activity in commercial properties across Chicago, IL-IN-WI.
What companies is Ambalal Patel associated with?
Ambalal Patel is associated with 10 entities based on extracted signatures from public records. Key entities include UMIYA HOTEL VENTURE TWO LLC, UMIYA HOTEL VENTURE LLC, DRAVD REAL ESTATE LLC, RIVERBOAT LODGING LLC, and MARD GAS STATION LLC AN ILLINOIS LLC.
How many properties are associated with this investor?
At least 6 properties are associated with Ambalal Patel and the entities they control, based on signatures extracted from recorded documents connecting Ambalal Patel to the entities.
Which lenders has this investor worked with?
Recent mortgage activity references Midland States Bank, FOUNTAINHEAD SBF, and SomerCor, indicating a mix of lending relationships.
How recent is their activity?
Records show activity from 2017 through 2025, with the most recent mortgage recorded in 2025.
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.
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