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Photo of Faisal Ashraf “We competed with all of the Hall of Fame players” for the Via Mizner financing, Ashraf says,

NEW YORK CITY—Earlier this month, Lotus Capital Partners, a boutique investment banking firm launched in 2016 by industry veteran Faisal Ashraf, announced that it had arranged a $318- million capital stack to finance the construction and recapitalization of Via Mizner, a two-million-square-foot mixed-use project in downtown Boca Raton, FL. Currently in various stages of development, Via Mizner will include a 164-key Mandarin Oriental, the first new luxury hotel this Florida has seen in nearly a century and the largest Mandarin Oriental –branded project developed in the US over the past decade. The financing marks the largest in Florida this year.

Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

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