Casale – FWS Complex
Zach Casale, Account Executive for the Largo Group of Companies, arranged construction to permanent financing to renovate the former FWS complex in Buffalo, New York. The subject will contain 85,000 square feet of mixed-use space. The redevelopment utilizes historic tax credits and includes 46 market rate apartments and 25,886 square feet of commercial space. The commercial portion of the property is 100% preleased. Zach arranged an $11 million, 2 year interest only loan to renovate and stabilize the property, followed by a 5 year fixed rate term on a 25 year amortization schedule.