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Home / Industry / Banking & Finance / Lender seeks balance due of $26.4M from Masaschi, partner after foreclosure auction (access required)

Lender seeks balance due of $26.4M from Masaschi, partner after foreclosure auction (access required)

The mortgage holder on Monarch 716, a repossessed student apartment community in Buffalo, is demanding that developers Thomas Masaschi and Jason Teller repay the balance of $26.4 million that was not recovered at an April foreclosure auction. Erie County state Supreme Court Justice Deborah Chimes has been asked to grant the $26.4 million judgment against Buffalo State ...

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The mortgage holder on Monarch 716, a repossessed student apartment community in Buffalo, is demanding that developers Thomas Masaschi and Jason ...