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 30^th, 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 Holdings
CDS 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. (https://www.cdsholdings.com/)

About Greenwall Capital Management
Greenwall 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. (https://www.greenwallcap.com/)

Media Contact: [email protected]

SOURCE Greenwall Capital Management