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

Property Image
FINANCED
$145,000,000
DM
JF
JC

Florida

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Office410,561 SF
Financed 03/26/2025
the dealplayerscompscontact
Property Image
FINANCED

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

401 East Las Olas Boulevard

See Similar Deals
Office410,561 SF
Financed 03/26/2025
DM
JF
JC
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$353
Total Square Footage:410,561 SF
Transaction Type:Loan

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 Bank
LENDER
DM
David Moret
3 deals$208M volume
LANDLORD
JF
Jérôme Foulon
2 deals$145M volume
LANDLORD
JC
Jay Caplin
3 deals$208M volume
LANDLORD

Details

FINANCED
IMAGE: David Moret, Jérôme Foulon & Jay Caplin DATE: 03/26/2025 ADDRESS: 401 East Las Olas Boulevard MARKET: Fort Lauderdale ASSET TYPE: Office ~ SF: 410,561 ~ ACRES: 2.4 LENDER: Deutsche Bank (@DeutscheBank) LANDLORD: Jérôme Foulon - Lone Star Funds; David Moret - Highline Real Estate Capital LLC; Jay Caplin - Square2 Capital LLC LOAN AMOUNT: $145,000,000 LOAN TERMS: five-year, only interest NOTE: Deutsche Bank provided a $145 million mortgage loan for the 410,561-square-foot Las Olas City Centre in Fort Lauderdale. The five-year, interest-only loan pays a 6.658% coupon, with a portion included in the collateral pool for Benchmark Mortgage Trust, 2025-V14.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$145,000,000.00

Monthly NOI$966,666.67
Monthly Debt Service$916,498.63
Change in Cash Flow$0.00
Refinance Proceeds$0.00