Investor profile - IL
Stephen Merchant
Stephen Merchant is a real estate investor and operator based in Chicago, IL-IN-WI. Public filings show activity across 6 properties held through 35 holding companies. Recent mortgage relationships include Prudential Financial, BRIDGE LOAN VENTURE V TRUST 2017I, and CIBC Bank USA.
Stephen's Activity
As of December 2025, public records show approximately $268.9M in recorded mortgage exposure linked to this investor across at least 12 mortgage filings and 6 properties held through 35 holding companies. Activity appears concentrated in commercial and multifamily assets recorded between 2017 and 2025.
Primary Geography
Chicago, IL-IN-WI
ZIP codes: 60607, 60614, 60622, and 60657
Most recorded activity for this investor appears in CHICAGO.
Property Type Breakdown
Associated Entities (35)
IL · 4 properties · 3 mortgages
IL · 2 properties · 3 mortgages
IL · 4 properties · 3 mortgages
+32 more not shown
Mortgages (12)
Top Lenders
$157.3M · 4 loans
$58.5M · 3 loans
$25.0M · 1 loan
| Date | Amount | Status | Lender | Borrower | Address |
|---|---|---|---|---|---|
| 05/29/2024 | $46.0M | Open | Prudential Financial | LEANING TREE CHUTE LLC | 3170 N SHERIDAN RD, CHICAGO, IL 60657 H 10? |
| 07/25/2022 | $16.0M | Open | Old National Bank | WOLFS LAIR LLC | 426 W BELMONT AVE, CHICAGO, IL 60657 |
| 08/03/2020 | $9.5M | Open | Northmarq | POWDER 8 GULLY LLC | 1340 W MORSE AVE, CHICAGO, IL 60626 U.501 |
+9 more not shown
Owned Properties (6)
| Address | Deeded owner | Status | Consideration |
|---|---|---|---|
| 24 S MORGAN ST, CHICAGO, IL 60607 609 | BANANA GLADES LLC | Owns - 8.1 yrs | $47k |
| 1012 W RANDOLPH ST, CHICAGO, IL 60607 | DROP OFF LLC | Owns - 8.5 yrs | $10 |
| 815 W RANDOLPH ST, CHICAGO, IL 60607 | UECKER GLADES LLC | Owns - 9.0 yrs | $10 |
+3 more not shown
FAQ
What type of real estate does this investor focus on?
Associated mortgages and deeds show activity in commercial, multifamily, and residential properties across Chicago, IL-IN-WI.
What companies is Stephen Merchant associated with?
Stephen Merchant is associated with 35 entities based on extracted signatures from public records. Key entities include PEACH PIT LLC, LOWER FOREST LLC, MAIN THIRD BOWL LLC, FLATIRON GLADES LLC, and UECKER GLADES LLC.
How many properties are associated with this investor?
At least 6 properties are associated with Stephen Merchant and the entities they control, based on signatures extracted from recorded documents connecting Stephen Merchant to the entities.
Which lenders has this investor worked with?
Recent mortgage activity references Prudential Financial, BRIDGE LOAN VENTURE V TRUST 2017I, and CIBC Bank USA, 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 2024.
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 compliance@elementix.ai. Elementix reviews such requests only where required by applicable law or where information is factually inaccurate. General objections or unsupported demands do not create a removal obligation.