New Honolulu Condo Tower Gets Construction Loan
HONOLULU-Alexander & Baldwin reported that Kewalo Development LLC, which develops the Waihonua condo tower in Honolulu, has been awarded a $120 million construction loan to finance a part of the $206 million development. Central Pacific Bank, Bank of Hawaii, Wells Fargo Bank and First Hawaiian Bank will provide the loan to construct the 43-story building comprising 341 units in Kakaako.
A&B Properties Inc., a subsidiary of Alexander & Baldwin, also inked a deal that guarantees nearly $20 million of the financing. For the full story, go to Pacific Business News .
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
Multifamily Leader delivers in-depth examinations of the market conditions and trends shaping the apartments and condo industry. Register for the alert now!
You can now be notified via email if this story is updated by clicking on the "Follow this Story" link. You must be a registered member to take advantage of this "members only" benefit.