Morris Moinian Of Fortuna Realty Group Secures $52M Refinancing Loan For Hotel Hugo In Hudson Square

The property involved in the transaction is a hotel located at 525 Greenwich Street in Hudson Square, Manhattan. It encompasses a total square footage of 59,720. The asset has been refinanced with a substantial loan amount of $52,000,000.

Summary of transation details:

• Property Type: Hotel
• Transaction Amount: $52,000,000
• Market: Hudson Square, Manhattan
• Lender: Alex Horn - BridgeInvest
• Landlord: Morris Moinian - Fortuna Realty Group
• Loan Type: Refinance

The refinancing loan was secured by Fortuna Realty Group, represented by Morris Moinian. The lender for the deal was Alex Horn, representing BridgeInvest, highlighting the collaboration between the two parties in this financial transaction.