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., $2.6 million in deferred fees, $656,000 from the city of Miramar, and $750,000 from United Way of Broward County.