Nick Sinatra Of Sinatra & Company Secures $26M Loan For 61-Unit Multifamily Project In Buffalo

The property involved in this transaction is a multifamily asset located at 120 Main Street in Buffalo, featuring 61 units. The project is known as Heritage Point and is part of the Downtown Buffalo area. The total loan amount secured for this construction financing is $26,000,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $26,000,000
• Lender: X-Caliber Rural Capital
• Landlord: Nick Sinatra - Sinatra & Company
• Broker: Jillian Mariutti - JLL
• Loan Type: Construction

Sinatra & Company secured financing by combining a $14.8 million senior loan from X-Caliber Capital with $11.2 million in C-PACE funding from CastleGreen Finance, facilitating the development of this multifamily project.