Via Mizner development closes $400M in financing
Via Mizner, Frank Weed and Faisal Ashraf
Deal includes $318M from Mack Real Estate Credit Strategies, $80M from US Immigration Fund
Penn-Florida Companies just closed on nearly $400 million in financing for Via Mizner, a mixed-use project in Boca Raton.
New York-based Mack Real Estate Credit Strategies is the lead lender, providing $318 million for the development, said Faisal Ashraf, founder and CEO of Lotus Capital Partners. Lotus arranged the financing package, a deal that took about six months. The remaining $80 million was provided by the U.S. Immigration Fund, an EB-5 lender.
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