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1401 Village Blvd

Joel Gluck And Kamson Corporation Secure $81 Million Loan For Multifamily Acquisition In West Palm Beach
FINANCEDMultiFamily

Joel Gluck And Kamson Corporation Secure $81 Million Loan For Multifamily Acquisition In West Palm Beach

1401 Village Blvd

$81,000,000

Building Size

Asset Type

MultiFamily

Closing

Jul 23, 2026

AI

The asset involved in this transaction is a MultiFamily property located at 1401 Village Blvd in West Palm Beach. The loan amount secured for this acquisition is $81,000,000.

Summary of transation details:

The transaction involves Joel Gluck, representing Scopus Property Management and Kamson Corporation, who are the borrowers of the loan. The brokers facilitating the deal are David Bollag and James Darling from Meridian Capital Group, who played essential roles in structuring this acquisition financing.

Players

David Bollag

Meridian Capital Group

Broker

$1.3B

vol

36 deals

Broker

Joel Gluck

Scopus Property Management

Buyer

$81M

vol

1 deal

Buyer
KC
Kamson CorporationBuyer

West Palm Beach MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.20%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93