We are pleased to announce the closing of a $2,000,000 refinance of four cross-collateralized parking lots in Honolulu, HI. The subject properties, which are blocks apart, are in top-notch locations within walking distance of Waikiki Beach and the University of Hawaii. All four properties were free and clear, allowing our borrower to refinance and pull cash out to invest in purchasing and developing nearby units.

Closing Highlights:

• 39% Loan to Value
• Free & Clear Properties
• Out-of-the-Box Structuring