Home / Industry / Banking & Finance / Masaschi, partner ask for more time to avoid foreclosure on Buffalo development (access required)

Masaschi, partner ask for more time to avoid foreclosure on Buffalo development (access required)

Rochester developer Thomas Masaschi and his business partner have asked state Supreme Court Justice Deborah Chimes to delay until late October a foreclosure action on a financially troubled Buffalo apartment complex so alternative financing can be secured, enabling them to pay off the current mortgage-holder in full. Acres Capital, the administrative agent for the lienholders, filed ...

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