Pinnacle, Birdsong Secure $33.9 Million to Build Affordable Housing Community in Kissimmee, Florida
Pinnacle and Birdsong Housing Partners secured $33.9 million for Pinnacle at the Wesleyan, a 96-unit affordable housing project in Kissimmee. The development targets households earning up to 60 percent of the area median income, with 10 percent of units reserved for extremely low-income residents. Construction began in December, and the project is set to complete […]
Pinnacle Secures $41M in Permanent Financing for Affordable Senior Housing in Broward County
Pinnacle has announced that they have secured over $40 million in financing for their 110-unit community for seniors, Pinnacle at La Cabaña, in Miramar. This was made possible through strong partnerships with Bank of America, Neighborhood Lending Partners, Florida Housing Finance Corporation, City of Miramar, and United Way of Broward County. “Seniors are among the […]
This Week’s South Florida Deal Sheet
Pinnacle has secured over $40 million in financing for their 110-unit community, Pinnacle at La Cabaña, in Miramar. This was made possible through strong partnerships with Bank of America, Neighborhood Lending Partners, Florida Housing Finance Corporation, City of Miramar, and United Way of Broward County. The project features one and two-bedroom apartments with senior-focused amenities, […]
Pinnacle scores $41M in construction financing for Miramar senior housing project
Pinnacle has secured over $40 million in financing for their 110-unit community, Pinnacle at La Cabaña, in Miramar. Bank of America granted a $27.3 million housing tax credit to support construction. The project received additional funding from various sources, including a $5.6 million mortgage from Neighborhood Lending Partners, $4.3 million from Florida Housing Finance Corp., […]
Pinnacle At La Cabana To Offer Affordable Housing For Seniors At 8911 Miramar Parkway, Miramar, Florida
Pinnacle has secured over $40 million in financing for their 110-unit community, Pinnacle at La Cabaña, in Miramar. It secured a $33.3 million construction loan to make the project possible. $22 million came from Bank of America, $4.3 million from the Live Local Act, $5.6 million from Neighborhood Lending Partners, and $750,000 from the United […]
Pinnacle Welcomes Regional Director of Acquisition & Development To Focus On Broward, Palm Beach And Central Florida
By CRE Sources – November 13, 2023 Pinnacle has announced the addition of Grég Gabriel as Regional Director of Acquisition and Development. Mr. Gabriel’s focus is on the Broward, Palm Beach and Central Florida markets and is based in the West Palm Beach office. He will be responsible for identifying, evaluating and acquiring new […]
Spotlight On: Hugo Pacanins, Partner and Chief Executive, Market Rate Division, Pinnacle Housing Group
By Invest – September 20, 2023 In an interview with Invest, Pinnacle partner and leader of the firm’s new market-rate division Hugo Pacanins discusses market fundamentals, the Broward County real estate market, and government policies such as the Live Local Act. He also discussed Pinnacle’s recent milestones, including Pinnacle 441 Phase 1 & 2 […]
Pinnacle 441 Second Phase Starts Construction At 6028 Johnson Street, Hollywood, FL
By Florida YIMBY – September 1, 2023 Florida YIMBY reports that construction is set to begin soon at the second phase of Pinnacle 441 in Hollywood, Florida, providing more affordable housing for South Florida. The construction of these 100 additional units is expected to be completed in approximately 16 months, with a target completion date […]
The Wolfson Family receives United Way’s highest honor
By Community News Releases – April 23, 2023 The Wolfson family has been philanthropically supporting education, healthcare, affordable housing, and the arts in Miami for over 100 years. Their dedication has earned them the 2023 Tocqueville Award for Outstanding Philanthropy, United Way of Miami’s highest honor, Miami’s Community News reports. Led by Colonel Mitchell Wolfson, […]
Pinnacle nabs $89M in construction financing for Princeton affordable rentals
By The Real Deal – April 17, 2023 Pinnacle has obtained $88.6 million in financing to construct an affordable housing complex in the Princeton neighborhood of Miami-Dade County, The Real Deal reports. Pinnacle at Tropical Pointe project will consist of 215 garden-style apartments in six buildings, with units ranging from one to four bedrooms. The […]
