HONOLULU—Financing totaling $100.65 million has been secured for the development of 7000 Hawaii Kai. The 269-unit class A multihousing complex is located southeast of Honolulu, in the community of Hawaii Kai. 

HFF worked exclusively on behalf of a subsidiary of Hanwha America Development LLC, the US real estate arm of Hanwha Engineering Construction Corp., Korea, and its development partner, Avalon Development, to secure construction financing totaling $100.65 million by structuring a first lien loan in conjunction with a mezzanine investor. HFF placed a $67.25 million first lien loan with Bank of the Ozarks and also procured $33.4 million in mezzanine financing through iStar Financial Inc. to complete the multi-housing development.

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