Casale of Largo arranges $4.17 million in permanent financing for Ellicott Lofts

Zachary Casale, account executive for the Largo Group of Companies, arranged a permanent first mortgage for Ellicott Lofts, a mixed-use property located at 489 Ellicott St. The $4.17 million loan was non-recourse and fixed for 10 years with a 30 year amortization schedule. The mixed-use building features 38 loft style apartment units and 4,000 s/f of office space. Located in the former Frontier Water and Steam Warehouse in the center of the Flower District, Ellicott Lofts are the first exciting urban living spaces available in downtown Buffalo. There are 23 bi-level units, each featuring two bedrooms as well as two bathrooms, and 22-foot high ceilings and spiral staircases. The kitchens offer professional stainless steel appliances and zodiak quartz counter tops. Other amenities include oversized windows and skylights, on site laundry and fitness room, secured parking, along with secured access to the building, and a video monitoring system. The 4,000 s/f of office space is part of the subject's Business Identity Program, which provides tenants with total office support under one roof. It allows tenants to still work out of home, but with the added benefits of an enhanced business image, and a vital support network.