Bernard Financial Group Arranges $24.3M Refinance Loan For Element Hotel At The Metropolitan In Detroit | 33 John R Street | Dennis Bernard, Joshua Bernard, Dan Duggan | Hotel | Loan

Summary

Loan

MICHIGAN

Hotel

The Element Hotel at the Metropolitan, a 110-room property located at 33 John R St. in downtown Detroit, has been refinanced with a $24.3 million CMBS loan. The loan was arranged by Bernard Financial Group on behalf of Metropolitan Building SPE LLC.

Summary of transation details

Property Type: Hotel
Transaction Amount: $24,300,000
Address: 33 John R Street, Detroit
Market: Detroit

The refinancing deal for the Element Hotel at the Metropolitan was facilitated by Dan Duggan, Dennis Bernard, and Joshua Bernard of Bernard Financial Group. They played a crucial role in securing the $24.3 million CMBS loan for this downtown Detroit property.

Players

All
4

Agents
3
Agencies
1

Bernard Financial Group

Details

Deal Summary

FINANCED

IMAGE: Dan Duggan, Joshua Bernard & Dennis Bernard DATE: 01/19/2024 ADDRESS: 33 John R Street MARKET: Detroit ASSET TYPE: Hotel ~ KEYS: 110 LANDLORD: Metropolitan Building SPE LLC BROKERS: Dan Duggan, Dennis Bernard & Joshua Bernard - Bernard Financial Group LOAN AMOUNT: $24,300,000 LOAN TYPE: Refinance NOTE: Bernard Financial Group arranged a $24.3 million CMBS loan for the refinancing of downtown Detroit's Element Hotel at the Metropolitan, a 110-room property located at 33 John R St.

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Address33 John R Street

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