By Commercial Observer – December 19, 2023
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 most severely impacted by South Florida’s affordability crisis,” Pinnacle partner Tim Wheat said. “We are grateful for the vision and leadership of all our partners who joined forces with us to help us secure the required financing,” Wheat continued. “Without their support, this project would not be possible due to the skyrocketing cost of construction, land, labor and property insurance.”
