The Real Deal Miami

CC Residential receives loan to fund Doral, Davie apartment towers

May 21, 2012 04:30PM

CC Residential, the developer of Signature at Doral, a 342-unit apartment tower, has received a $42 million loan from PNC bank to continue construction on the project, according to the South Florida Business Journal. The money will also be used on the developer’s second venture, Signature at Davie, which consists of 350 rental units. Both projects are in conjunction with the New York-based developer Area Property Partners. “We are pleased to be working with PNC on this apartment project where construction is underway and leasing is slated for this summer,” said Andy Burnham, COO of CC Residential. [SFBJ]