Pinnacle secured $47.8 million in construction financing for Pinnacle 441 Phase 2, a 100-unit affordable housing development in Hollywood.

Located on Johnson Street at the site of a former trailer park, Pinnacle 441 Phase 2 will join Phase 1, which broke ground in February and will conclude construction this year. Units in both buildings will be reserved for residents making up to 60% of the area median income. One-, two- and three-bedroom floor plans will be available.

Groundbreaking on Phase 2 is scheduled for later this month, with construction expected to be completed within the next 16 months.