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Florida & Gulf Coast  + Finance  | 

$100M Financing Secured for SLS-Branded Hallandale Beach Development

New York-based Lotus Capital Partners, LLC arranged and closed $100 million in ground-up construction financing for Ari Pearl’s PPG Development on the SLS Residence, located in Hallandale Beach, FL. The project features 250 luxury units for lease located within a 26-story tower.

Residents will have access to a future SLS hotel, a Greg Norman Signature Golf Course, 10 tennis courts, and a 48-slip marina, all of which sit on the same 125-acre estate formerly known as the Diplomat Tennis and Country Club. Lotus negotiated and closed on a financing package from Related Fund Management. The financing has five-year loan term, and will allow PPG to begin major construction on the shovel-ready multifamily site that is scheduled to be completed Q4 2021.

Lotus Capital’s Faisal Ashraf says, “We are very proud of the role we played here, having energized the capital markets for a unique project with no true comps in a market that is in the path of growth.”

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Financing
  • ◦Development
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