Latest news with #Greenwall
Yahoo
11-06-2025
- Business
- Yahoo
CDS International and Greenwall Capital Management Secure $70 Million Mortgage Loan for Worthing Place, Delray Beach, Florida
DELRAY BEACH, Fla., June 11, 2025 /PRNewswire/ -- CDS International Holdings (CDS) and Greenwall Capital Management (Greenwall) announce the successful closing of a $70 million mortgage loan on Worthing Place, a luxury multifamily community located on Atlantic Avenue, in Delray Beach, Florida. The asset was acquired in an all-cash transaction in November 2023. Worthing Place, a 217-unit Class A apartment community, offers residents boutique living directly on Atlantic Avenue just blocks from the beach. The loan, which closed on May 30th, was provided by Bank of America and marks a significant step forward in the continued optimization of the asset. The new financing will allow ownership to strategically position the property for future growth. "This financing is a significant step forward in the realization of our long-term vision for Worthing Place," said Bill Milmoe, President of CDS. "We acquired this asset with the intention of maintaining the best residential community on Atlantic Avenue and this financing improves our ability to do just that." Greenwall, which leads the asset management of Worthing Place, played a key role in structuring and negotiating the transaction. "Securing $70 million in financing for Worthing Place is a testament to the strength of the asset and the performance of our team," said Jack Henry Kapp, Managing Partner of Greenwall. "We're grateful to Bank of America for their confidence in the property and our platform." Kapp Morrison, long-time legal counsel for CDS, represented the borrower and Holland & Knight represented Bank of America. About CDS International HoldingsCDS International Holdings (CDS) is a private diversified investment firm, the family office of the late Carl DeSantis. Carl was the founding shareholder of Celsius energy drinks (Nasdaq CELH). Based in South Florida, CDS invests across real estate, private equity, and venture capital with a long-term, entrepreneurial approach. In addition to Celsius, CDS is also a founding shareholder of Tabañero, an award-winning hot sauce manufacturer. ( About Greenwall Capital ManagementGreenwall Capital Management (Greenwall) is a real estate private equity firm focused on value creation through active asset management and strategic capital deployment in real estate with enduring value. The firm targets and manages investments across multiple product types including multi-family, retail, office, industrial, hospitality, and development throughout various regions in the US with a particular focus on Florida. ( Media Contact: info@ View original content: SOURCE Greenwall Capital Management Sign in to access your portfolio
Yahoo
11-06-2025
- Business
- Yahoo
CDS International and Greenwall Capital Management Secure $70 Million Mortgage Loan for Worthing Place, Delray Beach, Florida
DELRAY BEACH, Fla., June 11, 2025 /PRNewswire/ -- CDS International Holdings (CDS) and Greenwall Capital Management (Greenwall) announce the successful closing of a $70 million mortgage loan on Worthing Place, a luxury multifamily community located on Atlantic Avenue, in Delray Beach, Florida. The asset was acquired in an all-cash transaction in November 2023. Worthing Place, a 217-unit Class A apartment community, offers residents boutique living directly on Atlantic Avenue just blocks from the beach. The loan, which closed on May 30th, was provided by Bank of America and marks a significant step forward in the continued optimization of the asset. The new financing will allow ownership to strategically position the property for future growth. "This financing is a significant step forward in the realization of our long-term vision for Worthing Place," said Bill Milmoe, President of CDS. "We acquired this asset with the intention of maintaining the best residential community on Atlantic Avenue and this financing improves our ability to do just that." Greenwall, which leads the asset management of Worthing Place, played a key role in structuring and negotiating the transaction. "Securing $70 million in financing for Worthing Place is a testament to the strength of the asset and the performance of our team," said Jack Henry Kapp, Managing Partner of Greenwall. "We're grateful to Bank of America for their confidence in the property and our platform." Kapp Morrison, long-time legal counsel for CDS, represented the borrower and Holland & Knight represented Bank of America. About CDS International HoldingsCDS International Holdings (CDS) is a private diversified investment firm, the family office of the late Carl DeSantis. Carl was the founding shareholder of Celsius energy drinks (Nasdaq CELH). Based in South Florida, CDS invests across real estate, private equity, and venture capital with a long-term, entrepreneurial approach. In addition to Celsius, CDS is also a founding shareholder of Tabañero, an award-winning hot sauce manufacturer. ( About Greenwall Capital ManagementGreenwall Capital Management (Greenwall) is a real estate private equity firm focused on value creation through active asset management and strategic capital deployment in real estate with enduring value. The firm targets and manages investments across multiple product types including multi-family, retail, office, industrial, hospitality, and development throughout various regions in the US with a particular focus on Florida. ( Media Contact: info@ View original content: SOURCE Greenwall Capital Management Sign in to access your portfolio
Yahoo
13-05-2025
- Health
- Yahoo
Financial experts dig into Dept. of Mental Health's money woes; still no exact number on shortfall
OKLAHOMA CITY (KFOR) – Financial experts, who have been digging into Oklahoma Department of Mental Health and Substance Abuse Services (ODMHSAS), said they would give state lawmakers an accurate figure on their financial woes by Monday. A select committee of lawmakers from both the House and Senate questioned David Greenwall, an accountant hand-selected by Governor Kevin Stitt, on Monday. Greenwall said he was tasked with breaking down the agency's state's chief financial officer, Aaron Morris, also testified and was asked if the department had enough in its budget to make it to June, which is the end of the fiscal year. 'I do believe the agency needs a supplement for payroll,' said Morris. Neither Morris nor Greenwall was able to give lawmakers an exact figure as to the department's shortfalls. They said they would work with LOFT in order to get a more accurate figure to the legislature by the end of however, promised to find a way to fill the gap. 'We just want to assure the state employees of Oklahoma that we're going to make sure they get paid,' said Sen. Paul Rosino (R-Oklahoma City), the Senate chair of the select committee. Along with the lack of money to pay employees, another issue was brought up by legislators. They asked financial experts if the state had the funds budgeted to pay for services for uninsured Oklahomans who go through the agency. Governor Stitt appoints special council to investigate Oklahoma Department of Mental Health 'There are human beings behind every single dollar that we're looking at, people in crisis, people in need,' said Rosino. The department calls those unpaid funds 'pended payments.' ODMHSAS sent News 4 a statement after Monday's hearing;'While ODMHSAS is committed to ensuring care for uninsured patients, it has not traditionally budgeted separately for pended payments. Instead, these payments have been managed at year-end using available funds.''We want to make sure that we're delivering top quality care to people who need it, whether they insured or not,' said Rep. Mark Lawson (R-Sapulpa), the House chair of the select committee. Governor Stitt announced he has hired an attorney to conduct a 'full, independent investigation, into the agency. He granted special counsel Robert McCampbell the authority to 'investigate potential abuse, waste, mismanagement, and fraud' that the Governor said was uncovered by Commissioner Allie Friesen, Stitt's recent appointee. In recent weeks, Friesen has been questioned by lawmakers on her understanding of a budget of the department's magnitude.'I'm still very concerned whether or not they would really need a whole lot of money or they just can't find it,' said Rosino. If the department comes back with a supplemental budget for fiscal year 2025, as well as an overall budget for fiscal year 2026, the legislature will have to vote on the numbers by the end of the regular session, which ends in less than three weeks. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
