Updated Mar 11, 2025
Winston Capital Management Provides $3M Bridge Loan For Development Site In Villa Park, IL
415 North Ardmore Avenue, Villa Park, Illinois 60181, United States
$3,000,000
$495/SF
Building Size
6,050 SF
Asset Type
Development Site
Closing
Mar 2, 2022
About this deal
AI
A development site located at 415 N Ardmore Ave in Villa Park, IL, was involved in a closed transaction. The property is a development site, although no additional details are available regarding its characteristics, such as square footage or market value.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $3,000,000
In this deal, Winston Capital Management provided a bridge loan of $3,000,000. David Burstyn represented Winston Capital Management in this transaction. As stated by the lender, Winston Capital was called into Chicago, IL, to "make it happen!" and they have a strong interest in the city. Winston Capital Management specializes in providing business purpose loans to real estate investors. If you have a loan or capital request, you can contact David Burstyn through DM.
Players
Villa Park Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93