Joseph Brunner Of Bruman Realty Secures $7M Refinance Loan For Hotel In NoHo Manhattan

The property involved in this transaction is a hotel located at 338-340 Bowery in the NoHo market of Manhattan. This asset spans a total of 12,385 square feet. The transaction features a refinance loan amounting to $7,000,000, which replaces a prior loan of $4,100,000 from Webster Bank.

Summary of transation details:

• Property Type: Hotel
• Transaction Amount: $7,000,000
• Address: 338-340 Bowery
• Market: NoHo, Manhattan
• Lender: Metropolitan Commercial Bank
• Landlord: Joseph Brunner - Bruman Realty
• Loan Type: Refinance

This refinance loan was secured by Joseph Brunner’s company, Bruman Realty. The transaction highlights the strategic financial maneuver to replace the existing loan with a larger refinance to better meet the financial needs associated with the hotel property.