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 […]
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 development […]
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 in […]
Multifamily Developer Pinnacle Expands Footprint Throughout Florida With Addition Of Seasoned VP Of Development
By CRE Sources – September 12, 2023 Pinnacle is excited to announce Alex Arostegui has joined as Vice President of Development. Alex will oversee Pinnacle’s multifamily and mixed-use projects across Florida. He has extensive experience managing large-scale multifamily developments and previously worked for The Morgan Group, where he led four major projects totaling over 1,400 units. […]
