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401 East Las Olas Boulevard

Jérôme Foulon, David Moret, And Jay Caplin Secure $145M Loan From Deutsche Bank For Office Property
FINANCEDOffice

Jérôme Foulon, David Moret, And Jay Caplin Secure $145M Loan From Deutsche Bank For Office Property

401 East Las Olas Boulevard

$145,000,000

$353/SF

Building Size

410,561 SF

Asset Type

Office

Closing

Mar 26, 2025

AI

The office asset located at 401 East Las Olas Boulevard in Fort Lauderdale is involved in a financial transaction amounting to $145,000,000.00. The loan structure is set for a duration of five years, with an interest-only repayment plan.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $145,000,000.00
  • Lender: Deutsche Bank
  • Landlord: Jérôme Foulon - Lone Star Funds
  • Landlord: David Moret - Highline Real Estate Capital LLC
  • Landlord: Jay Caplin - Square2 Capital LLC
  • Loan Terms: five-year, only interest

The transaction involves multiple landlords, with Jérôme Foulon representing Lone Star Funds, David Moret from Highline Real Estate Capital LLC, and Jay Caplin from Square2 Capital LLC participating in this financial agreement.

Players

Deutsche Bank
Deutsche BankLender

David Moret

Highline Real Estate Capital LLC

Landlord

$208M

vol

3 deals

Landlord

Fort Lauderdale Office Market Snapshot

Boundary boundary · Office · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.11%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93