FINANCED
Wells Fargo Provides $8M Refinance Loan For Burr Ridge Hotel
100 Harvester Drive
Hotel
Financed 1 year ago
Summary
Loan
ILLINOIS
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.
Players
Details
FINANCED
IMAGE: Rushi Shah & Prabhat Jayara
DATE: 02/16/2023
ADDRESS: 100 Harvester Drive
MARKET: Burr Ridge, IL
ASSET TYPE: Hotel
LENDER: Wells Fargo
LANDLORD: Rehan Zaid
BROKERS: Rushi Shah & Prabhat Jayara (@PJayaraCRE) - Mag Mile Capital (@MagmileCapital)
LOAN AMOUNT: $8,000,000
LOAN TYPE: Refinance
LOAN TERMS: The 101-Key Hotel was refinanced with 50% LTV and a 5-year term with Wells Fargo's Balance Sheet Program. The originators are Rushi Shah and Prabhat Jayara.View on map
Loading...
Address100 Harvester Drive
Comparables
Reset filters to show results.
Contact
Get in touch with the broker you want