Buffalo, N.Y. — DMG Investments has received $32.5 million in construction financing for the development of Auden Buffalo, a 481-bed student housing community located one mile from the State University of New York at Buffalo (SUNY Buffalo) campus. The four-story, 144,000-square-foot development will offer fully furnished units alongside communal amenities including a fitness center, clubroom, study lounges and a swimming pool. A timeline for the project was not announced. Richard Horowitz, Nicholas Barbato and Justin Horowitz of Cooper Horowitz secured the loan through ACRES Capital Corp. on behalf of the borrower.
DMG Investments Receives $32.5 Million Construction Financing for 481-Bed Development Near SUNY Buffalo
by Katie Sloan