Investor profile - IL
Lal Patel
Lal Patel is a real estate investor and operator based in Chicago, IL-IN-WI. Public filings show activity across 5 properties held through 6 holding companies. Recent mortgage relationships include Bank of Wisconsin Dells, Harvard State Bank, and I H MISSISSIPPI VALLEY C U.
Lal's Activity
As of December 2025, public records show approximately $49.7M in recorded mortgage exposure linked to this investor across at least 13 mortgage filings and 5 properties held through 6 holding companies. Activity appears concentrated in commercial and vacant assets recorded between 2013 and 2025.
Primary Geography
Chicago, IL-IN-WI
ZIP codes: 60026, 60047, 60060, 60173, and 60431
Most recorded activity for this investor appears in GLENVIEW, MUNDELEIN, LAKE ZURICH, SCHAUMBURG, and JOLIET.
Property Type Breakdown
Associated Entities (6)
IL · 1 property · 4 mortgages
IL · 2 properties · 4 mortgages
IL · 0 properties · 2 mortgages
+3 more not shown
Mortgages (13)
Top Lenders
$43.7M · 10 loans
$3.7M · 1 loan
$2.2M · 1 loan
| Date | Amount | Status | Lender | Borrower | Address |
|---|---|---|---|---|---|
| 07/09/2025 | $4.3M | Open | Bank of Wisconsin Dells | RG HOTELS INC | 4514 W LAKE AVE, GLENVIEW, IL 60026 |
| 06/04/2025 | $8.4M | Open | Bank of Wisconsin Dells | TWIN RIVERS LODGING LLC | 101 MCDONALD AVE, JOLIET, IL 60431 |
| 04/30/2025 | $3.7M | Open | Harvard State Bank | MUKTANAND HOSPITALITY LLC | 1950 S LAKE ST, MUNDELEIN, IL 60060 |
+10 more not shown
Owned Properties (5)
| Address | Deeded owner | Status | Consideration |
|---|---|---|---|
| 101 MCDONALD AVE, JOLIET, IL 60431 | TWIN RIVERS LODGING LLC | Owns - 7 mos | $5.2M |
| 1950 S LAKE ST, MUNDELEIN, IL 60060 | MUKTANAND HOSPITALITY LLC | Owns - 8 mos | $5.0M |
| 1300 E HIGGINS RD, SCHAUMBURG, IL 60173 | SHREE SHAKTI HOSPITALITY INC | Sold | $11k |
+2 more not shown
FAQ
What type of real estate does this investor focus on?
Associated mortgages and deeds show activity in commercial and vacant properties across Chicago, IL-IN-WI.
What companies is Lal Patel associated with?
Lal Patel is associated with 6 entities based on extracted signatures from public records. Key entities include AADYA SHAKTI INC, RG HOTELS INC, SHREE SHAKTI HOSPITALITY INC, MUKTANAND HOSPITALITY LLC, and ANK HOSPITALITY LLC.
How many properties are associated with this investor?
At least 5 properties are associated with Lal Patel and the entities they control, based on signatures extracted from recorded documents connecting Lal Patel to the entities.
Which lenders has this investor worked with?
Recent mortgage activity references Bank of Wisconsin Dells, Harvard State Bank, and I H MISSISSIPPI VALLEY C U, indicating a mix of lending relationships.
How recent is their activity?
Records show activity from 2013 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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