Dallas-based developer Encore Multifamily secured a $48.7 million fixed-rate HUD Section 221(d)(4) loan for its Encore Daniels Falls development, a multifamily, ground-up apartment community planned on the southside of Daniels Parkway, just west of Fiddlesticks Boulevard in south Fort Myers. The 240-unit, 6.73-acre project broke ground Dec. 16 and is projected to deliver 224,050 square feet of rentable space. Encore Daniels Falls will offer studio, one-, two- and three-bedroom units in a five-story urban-style building. Amenities will include a clubhouse, fitness center, business center, pool, firepit, dog wash, dog park, outdoor lounging and a 24-hour package room.