Home / Industry / Lender alleges fraud in Columbus Building loan process (access required)

Lender alleges fraud in Columbus Building loan process (access required)

The lender who provided financing for renovation of the Columbus Building in downtown Rochester has filed suit against the developers, alleging fraudulent documents were provided on the application for a $13.6 million loan. Lake Shore Savings Bank, with headquarters in the Chautauqua County city of Dunkirk, claims that 50 Chestnut Ventures LLC, Thomas Masaschi and business ...
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