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JLL Secures $53.3M Acquisition Financing For Pompano Beach Apartment Community

JLL Capital Markets’ Debt Advisory team representing the borrower was led by Managing Director Jesse Wright, Associate JJ Hovenden and Analyst Luke Maganas.

Pinnacle Secures $49.9 Million For Affordable Housing Development In South Miami-Dade County

Financing for the development includes a $32.2 million tax credit equity from Bank of America; a $9.1 million conventional first mortgage loan from Berkadia/Freddie Mac; a subordinate $6 million Surtax loan from Miami-Dade County; and the balance with developer equity.