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
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