Monday, August 12, 2013

U.S. Bank makes $32M loan for Pembroke Pines City Center ... - South Florida Business Journal

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U.S. Bank makes $32M loan for Pembroke Pines City Center ... - South Florida Business Journal
Aug 12th 2013, 20:38

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Senior Reporter- South Florida Business Journal
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The second phase of the apartment project at Pines City Center has kicked off thanks to a $32.2 million mortgage from U.S. Bank.

The loan will fund construction of 278 units on 10.5 acres at 10170 S.W. 7th Street. It's the second phase of the Modera Pembroke Pines by Mill Creek Residential. The entire project is 700 units and the first phase was recently completed.

Pines City Center Residences Phase II, an affiliate of Mill Creek Residential, acquired the site in July for $7.2 million.

Brian Bandell covers banking, finance, health care and education. Get the latest banking industry news here.
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