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June 22, 2024
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Oahu Mixed-Use Portfolio Recapitalized in $65 Mil Financing Deal


A mixed-asset portfolio located on the island of Oahu has been recapitalized with $65 mil of permanent money. The two financed properties are Hanua Logistics Center, a recently completed 226.9k sf, Class A warehouse facility, and the Honolulu Design Center, an architecturally distinctive 80k sf retail center that is home to a mix of custom, luxury, and bespoke furnishings and interior design companies.

Murphy Osborne with Gantry secured the funding on behalf of the borrower, a private investor. Bank of Hawaii provided the financing, underwriting one loan secured to two different property types for a fifteen-year term including a significant interest only period transitioning to 30-year amortization.

According to Osborne, “Experienced real estate owners and sponsors often assemble portfolios of diverse assets. By cross collateralizing the Honolulu Design Center and the Hanua Logistics Center we were able to complete a large repositioning of capital allocation for sponsorship, including retiring construction debt from the completion of the logistics center.”

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