Investor profile - IL
Vibhutiben Patel
Vibhutiben Patel is a real estate investor and operator based in Chicago, IL-IN-WI. Public filings show activity across 3 properties held through 4 holding companies. Recent mortgage relationships include Celtic Bank, International Bank of Chicago, and Midland States Bank.
Vibhutiben's Activity
As of December 2025, public records show approximately $23.2M in recorded mortgage exposure linked to this investor across at least 7 mortgage filings and 3 properties held through 4 holding companies. Activity appears concentrated in commercial assets recorded between 2021 and 2025.
Associated People
Primary Geography
Chicago, IL-IN-WI
ZIP codes: 60173, 60195, and 60443
Most recorded activity for this investor appears in SCHAUMBURG and MATTESON.
Property Type Breakdown
Associated Entities (4)
IL · 0 properties · 3 mortgages
IL · 7 properties · 2 mortgages
IL · 0 properties · 1 mortgage
+1 more not shown
Mortgages (7)
Top Lenders
| Date | Amount | Status | Lender | Borrower | Address |
|---|---|---|---|---|---|
| 05/23/2025 | $1.5M | Open | OAKBROOK TERRACE INVESTMENTS | ASVINI HOSPITALITY LLC | 950 LAKE SUPERIOR DR, MATTESON, IL 60443 |
| 03/05/2024 | $2.5M | Open | Midland States Bank | ASVINI HOSPITALITY LLC | 950 LAKE SUPERIOR DR, MATTESON, IL 60443 |
| 03/05/2024 | $1.5M | Open | Midland States Bank | ASVINI HOSPITALITY LLC | 950 LAKE SUPERIOR DR, MATTESON, IL 60443 |
+4 more not shown
Owned Properties (3)
| Address | Deeded owner | Status | Consideration |
|---|---|---|---|
| 2000 N ROSELLE RD, SCHAUMBURG, IL 60195 | PAL HOSPITALITY LLC | Owns - 3.8 yrs | $892k |
| 51 E STATE PKWY, SCHAUMBURG, IL 60173 | MAYURI HOSPITALITY LLC | Owns - 3.8 yrs | $6.0M |
| 950 LAKE SUPERIOR DR, MATTESON, IL 60443 | SAI INVESTMENTS LLC | Owns - 8.6 yrs | $7k |
+0 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 Vibhutiben Patel associated with?
Vibhutiben Patel is associated with 4 entities based on extracted signatures from public records. Key entities include ASVINI HOSPITALITY LLC, MAYURI HOSPITALITY LLC, PAI HOSPITALITY LLC AN ILLINOIS LLC, and MAYURI HOSPITALITY LLC AN ILLINOIS LLC.
How many properties are associated with this investor?
At least 3 properties are associated with Vibhutiben Patel and the entities they control, based on signatures extracted from recorded documents connecting Vibhutiben Patel to the entities.
Which lenders has this investor worked with?
Recent mortgage activity references Celtic Bank, International Bank of Chicago, and Midland States Bank, indicating a mix of lending relationships.
How recent is their activity?
Records show activity from 2021 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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