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Affiliated Closes Financing on Mixed-Income Fort Lauderdale Apartment Venture

Affiliated Development has closed on a $74 million construction loan with Pacific Life Insurance Company for The Cove, a mixed-use, mixed-income multifamily development on the northwest corner of Sunr

Summary

Affiliated Development has closed on a $74 million construction loan with Pacific Life Insurance Company for The Cove, a mixed-use, mixed-income multifamily development on the northwest corner of Sunrise Boulevard and Federal Highway in Fort Lauderdale.

Just over half of the 374 units will be restricted to families earning 120% of the Area Median Income....

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