SB Yen Mgmt Secures $7.05M Bridge Loan For Comfort Inn In Downers Grove

The Comfort Inn located at 3010 Finley Road in Downers Grove, Illinois, was subject to a $7.05 million bridge loan arranged by Chicago-based Aries Capital Partners. The loan enabled SB Yen Management Group to refinance the property, with plans to incorporate San Francisco’s Kingdom of Dumpling into the hotel's adjacent 21,000 square-foot banquet/retail space, enhancing the overall offering of the 121-key hotel.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $7,050,000.00
• Address: 3010 Finley Rd, Downers Grove, IL
• Market: Downers Grove
• Borrower's Rep: Neil Freeman()
• Lender: Unknown life insurance company

Neil D. Freeman, the chairman and CEO of Aries Capital, played a pivotal role in originating the transaction, with senior associate Brandon Perdeck overseeing the underwriting and closing processes. As the long-time client of Aries Capital, SB Yen Management Group's strategic vision for the property includes transforming the banquet/retail space to accommodate the renowned Kingdom of Dumpling, further establishing the hotel as a premier destination in the area.