$5M affordable housing investment in Kissimmee
By Osceola News-Gazette – January 18, 2024 Osceola News-Gazette reports that Pinnacle and Birdsong Housing have secured financing to build 96 affordable housing units for the Pinnacle at Wesleyan in Kissimmee, including $4.5 million from Osceola County and another $500,000 from the City of Kissimmee. To combat inflation, the rent for these new housing units […]
Pinnacle Hires Lauren Levrant as Vice President of Affordable Development to Focus on Miami Portfolio
By Multifamily & Affordable Housing Business – January 16, 2024 Pinnacle has brought on Lauren Levrant as Vice President of Affordable Development, focusing on expanding Pinnacle’s affordable housing portfolio primarily in Miami. Ms. Levrant’s role will include identifying and evaluating potential affordable housing development opportunities in Miami-Dade County, as well as overseeing projects from conception […]
Pinnacle, Birdsong Secure $33.9 Million to Build Affordable Housing Community in Kissimmee, Florida
By Multifamily & Affordable Housing Business – January 3, 2024 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 […]
Pinnacle Secures $41M in Permanent Financing for Affordable Senior Housing in Broward County
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 […]
Pinnacle scores $41M in construction financing for Miramar senior housing project
By The Real Deal – December 19, 2023 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, […]
Pinnacle At La Cabana To Offer Affordable Housing For Seniors At 8911 Miramar Parkway, Miramar, Florida
By Florida Yimby – December 19, 2023 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 […]
This Week’s South Florida Deal Sheet
By Bisnow – December 19, 2023 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 […]
Pinnacle scores $33.9 million in financing for long awaited affordable housing in Kissimmee
By Growthspotter – December 4, 2023 Pinnacle and Birdsong Housing Partners have closed on $33.9 million in financing, Growthspotter reports. After acquiring the land for a forthcoming 96-unit affordable housing community two years ago, Pinnacle has initiated construction on the community adjacent to Kissimmee’s Shingle Creek Regional Trail. In December 2021, the developer purchased the […]
Developers On Leveraging Live Local Act
By Bisnow – November 17, 2023 Pinnacle Market Rate Division Partner and Chief Executive, Hugo Pacanins, recently discussed the state of the housing market at Bisnow’s Housing Summit. His panel, Affordable and Attainable Housing Oasis: Breaking Barriers in Florida, explored the challenges and opportunities in Florida’s housing market, including updates on market-rate and affordable housing initiatives. […]
Osceola County loans developer $4.5 million for affordable housing project
By Orlando Sentinel – November 15, 2023 The Orlando Sentinel reports that, in an effort to increase the availability of affordable housing within the county, Osceola County commissioners have sanctioned a $4.5 million loan to developer Pinnacle for their community, Pinnacle at the Wesleyan. Its 96 units will be priced at or below 80% of […]
