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:
- Property Type: MultiFamily
- Transaction Amount: $81,000,000
- Lender: Prospect Ridge & Blue Owl
- Borrower: Joel Gluck - Scopus Property Management, Kamson Corporation
- Brokers: David Bollag & James Darling - Meridian Capital Group
- Loan Type: Acquisition
- Date: 07/23/2026
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
West Palm Beach MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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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