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Jeff Soffer Of Fontainebleau Development And Barry Sternlicht Of Starwood Capital Group Secure $104M Loan For Development Site In Tequesta FL

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FINANCED
$104,000,000
Jeff Soffer
Barry Sternlicht

Florida

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Development Site
Financed 06/02/2026
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Property Image
FINANCED

Jeff Soffer Of Fontainebleau Development And Barry Sternlicht Of Starwood Capital Group Secure $104M Loan For Development Site In Tequesta FL

300 South Beach Road

See Similar Deals
Development Site
Financed 06/02/2026
Jeff Soffer
Barry Sternlicht
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Development Site
Transaction Type:Loan

The property involved is a 5.4-acre development site located at 250 & 300 Beach Road in Tequesta, Florida. The asset is designated for the development of a 26-unit luxury condominium project known as 1 Homes Jupiter Island. Condo sales for this project launched last year, with units priced between $11 million and $27 million.

Summary of transaction details:

The financing secured by Fontainebleau Development and Starwood Capital Group refinances and expands an existing loan on the property. This transaction is a significant step in their development efforts for the oceanfront site.

Players

BDT & MSD Partners
BDT & MSD Partners
LENDER
Jeff Soffer
Jeff Soffer
12 deals$2.3B volume
LANDLORD
Barry Sternlicht
Starwood Capital Group
Barry Sternlicht
45 deals$9.9B volume
LANDLORD

Details

FINANCED
IMAGE: Jeff Soffer & Barry Sternlicht DATE: 06/02/2026 ADDRESS: 250 & 300 Beach Road MARKET: Tequesta, FL ASSET TYPE: Development Site ~ ACRES: 5.4 LENDER: BDT & MSD Partners LANDLORD: Jeff Soffer - Fontainebleau Development (@FontainebleauDevelopment); Barry Sternlicht - Starwood Capital Group LOAN AMOUNT: $104,000,000 NOTE: Fontainebleau Development and Starwood Capital Group secured $104 million in debt from BDT & MSD Partners for a 5.4-acre oceanfront development site in Tequesta, Florida, where they are developing the 26-unit 1 Homes Jupiter Island luxury condominium project. The financing refinances and expands an existing loan on the property, where condo sales launched last year with units priced between $11 million and $27 million.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$104,000,000.00

Monthly NOI$693,333.33
Monthly Debt Service$657,350.74
Change in Cash Flow$0.00
Refinance Proceeds$0.00