Bank Of Montreal, Torchlight And M&T Bank Provide $119.5M Refinance Loan For 1 Seneca Street

The property asset involved in the transaction is a mixed-use development located at 1 Seneca Street, Buffalo. It encompasses a total square footage of 1,300,000 and is associated with a loan amount of $119,500,000. The loan type is a refinance, structured over a term of 5 years.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $119,500,000
• Address: 1 Seneca Street
• Market: Buffalo
• Lender: Bank of Montreal, Torchlight, M&T Bank
• Landlord: Norman Jemal, Douglas Jemal, Jordan Klinger, Zach Kramer - Douglas Development Corporation
• Brokers: Donna Falzarano, Zach Casale - M&T Realty Capital Corporation
• Landlord's Attorney: Alex Kaplan - DLA Piper
• Loan Terms: 5 Years

The key individuals involved in the deal include the landlords, Norman Jemal, Douglas Jemal, Jordan Klinger, and Zach Kramer, all representing Douglas Development Corporation. The brokerage representation is provided by Donna Falzarano and Zach Casale from M&T Realty Capital Corporation, while the legal side is handled by Alex Kaplan from DLA Piper.