Wells Fargo Provides $8M Refinance Loan For Burr Ridge Hotel

The 101-Key Hotel located at 100 Harvester Drive in Burr Ridge, IL underwent a refinancing transaction. The property is a hotel asset. Wells Fargo served as the lender for the transaction.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $8,000,000
• Loan Type: Refinance
• Loan Terms: The 101-Key Hotel was refinanced with 50% Loan-to-Value (LTV) ratio and a 5-year term under Wells Fargo's Balance Sheet Program. Rushi Shah and Prabhat Jayara, representing Mag Mile Capital, acted as the originators for the loan.
• Landlord: Rehan Zaid

Rushi Shah and Prabhat Jayara from Mag Mile Capital served as the brokers for the transaction.