Bill Milmoe And Jack Henry Kapp Secure $70 Million Refinance Loan For Delray Beach Multifamily
FINANCED
Florida
See Similar DealsMultiFamily
Financed 05/29/2025
FINANCED
Bill Milmoe And Jack Henry Kapp Secure $70 Million Refinance Loan For Delray Beach Multifamily
32 Southeast 2nd Avenue
See Similar DealsMultiFamily
Financed 05/29/2025
Summary
FLORIDA
Asset Type:MultiFamily
Transaction Type:Loan
The property involved in this transaction is a multifamily asset consisting of 217 units, located at 32 Southeast 2nd Avenue in Delray Beach. The loan associated with the property amounts to $70,000,000, designated for refinance purposes.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $70,000,000
- Address: 32 Southeast 2nd Avenue
- Market: Delray Beach
- Units: 217
- Lender: Bank of America
- Landlord: Bill Milmoe - CDS International Holdings
- Landlord: Jack Henry Kapp - Greenwall Capital Management
- Loan Type: Refinance
The key individuals in this transaction include Bill Milmoe representing CDS International Holdings and Jack Henry Kapp representing Greenwall Capital Management. Their roles as landlords are critical to the details of this refinancing agreement with Bank of America.
Players
LENDER
LANDLORD
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$70,000,000.00
Monthly NOI$466,666.67
Monthly Debt Service$442,447.62
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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