Investor profile - MN
Richard Pakonen
Richard Pakonen is a real estate investor and operator based in Minneapolis-St. Paul, MN-WI. Public filings show activity across 22 properties held through 20 holding companies. Recent mortgage relationships include CIBC Bank USA, Bridgewater Bank, and Colliers Mortgage.
Richard's Activity
As of December 2025, public records show approximately $142.6M in recorded mortgage exposure linked to this investor across at least 39 mortgage filings and 22 properties held through 20 holding companies. Activity appears concentrated in multifamily and industrial assets recorded between 2010 and 2025.
Primary Geography
Minneapolis-St. Paul, MN-WI
ZIP codes: 55114, 55101, 55104, 55106, and 55103
Most recorded activity for this investor appears in SAINT PAUL and MINNEAPOLIS.
Property Type Breakdown
Associated Entities (20)
MN · 5 properties · 11 mortgages
MN · 1 property · 6 mortgages
MN · 0 properties · 3 mortgages
+17 more not shown
Mortgages (39)
Top Lenders
| Date | Amount | Status | Lender | Borrower | Address |
|---|---|---|---|---|---|
| 06/05/2025 | $2.4M | Open | MidWestOne Bank | DELLWOOD RP LLC | 2288 UNIVERSITY AVE W, SAINT PAUL, MN 55114 |
| 02/19/2025 | $5.9M | Open | Bridgewater Bank | DELLWOOD RP LLC | 7232 PORTLAND AVE, MINNEAPOLIS, MN 55423 |
| 10/11/2024 | $29.9M | Open | Colliers Mortgage | ENC RP LLC | 345 JACKSON ST, SAINT PAUL, MN 55101 |
+36 more not shown
Owned Properties (22)
| Address | Deeded owner | Status | Consideration |
|---|---|---|---|
| 2288 UNIVERSITY AVE W, SAINT PAUL, MN 55114 | DELLWOOD RP LLC | Owns - 7 mos | $2.0M |
| 7232 PORTLAND AVE, MINNEAPOLIS, MN 55423 | DELLWOOD RP LLC | Owns - 10 mos | $6.2M |
| 345 JACKSON ST, SAINT PAUL, MN 55101 | ENC GZ LLC | Sold | $500 |
+19 more not shown
FAQ
What type of real estate does this investor focus on?
Associated mortgages and deeds show activity in multifamily, industrial, and commercial properties across Minneapolis-St. Paul, MN-WI.
What companies is Richard Pakonen associated with?
Richard Pakonen is associated with 20 entities based on extracted signatures from public records. Key entities include PAK INVESTMENT HOLDINGS INC, PIONEER ENDICOTT LLC, 275 NORTHWESTERN LLC, PAKBLAZE LLC, and JACKSON RP LLC.
How many properties are associated with this investor?
At least 22 properties are associated with Richard Pakonen and the entities they control, based on signatures extracted from recorded documents connecting Richard Pakonen to the entities.
Which lenders has this investor worked with?
Recent mortgage activity references CIBC Bank USA, Bridgewater Bank, and Colliers Mortgage, indicating a mix of lending relationships.
How recent is their activity?
Records show activity from 2010 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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