The operators of Midtown's LowBrau have been accused by an equipment finance lender of defaulting on two loans in a new lawsuit, the second the company has faced in recent months. This comes as a shock to fans of the popular bierhalle, which has been a staple in the local nightlife scene.
LowBrau's parent company, which has been instrumental in transforming Midtown into a vibrant entertainment district, is being sued by a major equipment finance lender. The lawsuit claims that the company failed to make payments on not one, but two separate loans.
The amount in question is substantial, with sources close to the matter estimating that the company owes millions of dollars. This is not the first time that LowBrau's parent company has been accused of financial mismanagement. In recent months, the company has been sued by multiple creditors alleging similar claims.
The lawsuit has left many wondering how a company that appears to be thriving could find itself in such a precarious financial situation. Despite being a popular destination for nightlife enthusiasts, it seems that LowBrau's parent company is struggling to stay afloat.
LowBrau's parent company has thus far declined to comment on the lawsuit, and it remains to be seen how the company will attempt to extricate itself from this difficult financial situation. As the case makes its way through the courts, fans of the bierhalle are left holding their breath, hoping that the business will be able to recover from this setback.