facebook
Traded Co logo
Submit a Deal
8911 Miramar Parkway
FINANCED

Pinnacle Secures $41.2M Loan For Affordable Seniors Housing In Miramar

8911 Miramar Parkway

Development Site
clock iconFinanced 124 days ago
the dealplayerscompscontact
share iconContact now

Summary

Loan
FLORIDA
Development Site

The Pinnacle at La Cabana, a 110-unit affordable seniors housing development in Miramar, Broward County, has secured $41.2 million in financing. The project is a public-private partnership with the City of Miramar and is expected to be completed by mid-2025.

Summary of transaction details:

The financing for Pinnacle at La Cabana was secured through a collaboration of lenders, including Bank of America, Florida Housing Finance Corporation represented by Michael DiNapoli, Neighborhood Lending Partners represented by Debra Reyes, and the City of Miramar. The affordable seniors housing development will provide much-needed housing options for the senior community in Miramar and establish a strong relationship between public and private entities.

Details

Deal Summary
minus icon
FINANCED
IMAGE: Timothy Wheat, Debra Reyes & Michael DiNapoli DATE: 12/19/2023 ADDRESS: 8911 Miramar Parkway MARKET: Miramar ASSET TYPE: Development Site LENDER: Bank of America (@BankofAmerica); Florida Housing Finance Corporation (@FL_Housing) - Michael DiNapoli, Neighborhood Lending Partners - Debra Reyes; City of Miramar (@CityoMmiramar); United Way of Broward County (@UnitedWayofBroward) LANDLORD: Pinnacle (@PinnacleHousing) - Timothy Wheat LOAN AMOUNT: $41,200,000 NOTE: Pinnacle secured $41.2 million in financing for Pinnacle at La Cabana, a 110-unit affordable seniors housing development in Miramar, Broward County. The project, a public-private partnership with the City of Miramar, is set to complete by mid-2025. # #

View on map

Loading...

Address8911 Miramar Parkway

Comparables

No listingsThis user does not have deals with the selected filters yet.
Reset filters to show results.