45.1 acres of commercial zoned land. Proposed uses include 200,000 sq ft of retail, a 150-key hotel, 346 residential units, and 40,000 sq ft of self-storage. All proposed uses are allowed under the property’s current zoning.
Kohala Gold Coast area of the Big Island of Hawaii
HRC arranged $18 million (80% loan-to-cost) in fixed-rate acquisition and predevelopment financing. The debt is non-recourse, carries a term of 24 months, and has no prepayment penalty or fee.