Rushi Shah Arranges $12.5M Bridge Loan For Crowne Plaza Hotel In Burr Ridge

The asset involved is a mixed-use property, specifically a 123-room hotel located at 300 S Frontage Rd, Willowbrook, IL, in the Burr Ridge market. The hotel was previously known as Quality Inn & Suites and has undergone full renovation before being reflagged as the IHG Crowne Plaza Hotels & Resorts brand. The property, built in 1969, offers meeting space, an indoor pool, a restaurant, a fitness center, and a business center.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $12,500,000.00
• Address: 300 S Frontage Rd, Willowbrook, IL
• Market: Burr Ridge
• Borrower's Representative: Rushi Shah - Mag Mile Capital
• Lender: Access Point Financial Inc
• Loan Duration: 24 months, interest-only
• Borrower: Vega Hospitality Group

The financing arrangement was facilitated by Rushi Shah of Aries Conlon Capital, who structured the bridge loan to assist in stabilizing the property’s cash flow. Given that refinancing options were limited at the time, the bridge loan serves as a temporary financial solution until the property achieves its revenue targets, after which a transition to non-recourse permanent debt is planned.