Investor profile - MT
Leonard Cranford
Leonard Cranford is a real estate investor and operator based in Billings, MT. Public filings show activity across 4 properties held through 4 holding companies. Recent mortgage relationships include Yellowstone Bank, First Federal Bank & Trust, and Stockman Bank.
Leonard's Activity
As of December 2025, public records show approximately $39.1M in recorded mortgage exposure linked to this investor across at least 25 mortgage filings and 4 properties held through 4 holding companies. Activity appears concentrated in commercial and industrial assets recorded between 2017 and 2025.
Primary Geography
Billings, MT
ZIP codes: 59101, 59044, and 59106
Most recorded activity for this investor appears in BILLINGS and LAUREL.
Property Type Breakdown
Associated Entities (4)
MT · 0 properties · 16 mortgages
MT · 0 properties · 8 mortgages
MT · 0 properties · 7 mortgages
+1 more not shown
Mortgages (25)
Top Lenders
| Date | Amount | Status | Lender | Borrower | Address |
|---|---|---|---|---|---|
| 09/03/2025 | $7.3M | Open | Yellowstone Bank | WESTERN SKY BILLINGS LLC | - |
| 07/25/2025 | $1.5M | Open | First Federal Bank & Trust | SQUARE 106 LLC | 4480 KING AVE E, BILLINGS, MT 59101 |
| 07/25/2025 | $1.5M | Open | First Federal Bank & Trust | SQUARE 106 LLC | - |
+22 more not shown
Owned Properties (4)
| Address | Deeded owner | Status | Consideration |
|---|---|---|---|
| 4550 KING AVE E, BILLINGS, MT 59101 | - | Owns - 4.3 yrs | $3.5M |
| 520 W MAIN ST, LAUREL, MT 59044 | RK DEVELOPMENT LLC | Owns - 4.6 yrs | $1.2M |
| 1736 SHILOH RD, BILLINGS, MT 59106 | - | Owns - 4.8 yrs | $1.6M |
+1 more not shown
FAQ
What type of real estate does this investor focus on?
Associated mortgages and deeds show activity in commercial and industrial properties across Billings, MT.
What companies is Leonard Cranford associated with?
Leonard Cranford is associated with 4 entities based on extracted signatures from public records. Key entities include SQUARE 106 LLC, HLL LLC, WESTERN SKY BILLINGS LLC, and LAC PROPERTIES LLC.
How many properties are associated with this investor?
At least 4 properties are associated with Leonard Cranford and the entities they control, based on signatures extracted from recorded documents connecting Leonard Cranford to the entities.
Which lenders has this investor worked with?
Recent mortgage activity references Yellowstone Bank, First Federal Bank & Trust, and Stockman Bank, 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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