DMG Investments Receives $32.5 Million Construction Financing for 481-Bed Development Near SUNY Buffalo

Buffalo, N.Y. — DMG Investments has received $32.5 million in construction financing for the development of Auden Buffalo, a 481-bed student housing community located one mile from the State University of New York at Buffalo (SUNY Buffalo) campus. The four-story, 144,000-square-foot development will offer fully furnished units alongside communal amenities including a fitness center, clubroom, study lounges and a swimming pool. A timeline for the project was not announced. Richard Horowitz, Nicholas Barbato and Justin Horowitz of Cooper Horowitz secured the loan through ACRES Capital Corp. on behalf of the borrower.