Orlando based ZOM has secured a $41.59 million construction loan from PNC Bank to build the Residences of Palm Aire apartment community in Pompano Beach. The 84.5 acre golf course was approved in January for the development of 614 garden apartments, 110 town homes, and 150 single family homes. West Atlantic Boulevard Apartments and ZF Development, both affiliates of ZOM, paid $4.05 million for 63 acres of the project. ZOM will build 404 apartments on 27 acres and retain the other 36 acres for future sale or development.
