Stiles & Shorenstein Secures $185 Million Refinance Loan From Nomura For Office Asset In Fort Lauderdale
201 East Las Olas Boulevard
$185,000,000
$478/SF
Building Size
387,000 SF
Asset Type
Office
Closing
Jan 8, 2026
AI
The property asset involved in this transaction is an office located at 201 East Las Olas Boulevard, Fort Lauderdale, encompassing a total square footage of 387,000. The transaction represents a refinance loan amount of $185,000,000. The lender for this loan is Nomura.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $185,000,000
- Lender: Nomura
- Landlord: Stiles & Shorenstein
- Landlord's Representative: Paul Stasaitis, Geoff Goldstein & Blake Koletic - JLL
- Loan Type: Refinance
This transaction highlights the key individuals involved, specifically the landlord, Stiles & Shorenstein, who are represented by Paul Stasaitis, Geoff Goldstein, and Blake Koletic from JLL, facilitating the refinance process and ensuring the transaction was efficiently managed.
Players
Fort Lauderdale Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.09%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93