Ward Village

September 30, 2016 Comments Off on Howard Hughes Corp. Closes on $238M Refi for Honolulu’s Ward Village Views: 407 Hawaii, National News, West

Howard Hughes Corp. Closes on $238M Refi for Honolulu’s Ward Village

Howard Hughes Corp. has obtained $238 million in refinancing for its Ward Village master-planned community in Honolulu, HI. The refi was obtained against debt due to mature on Sept. 29. Wells Fargo & Co. provided the loan.

The new, non-recourse term loan bears interest at 2.5% over LIBOR, with an initial maturity date of Sept. 12, 2021. The loan also offers two, one-year extensions. The financing is secured by the Ward Village commercial properties, excluding condominium towers currently under construction.

Ward Village is a 60-acre coastal master-planned community between downtown Honolulu and Waikiki in the Kaka’ako district. The development has three mixed-use residential towers that are under construction. Additional development includes Gateway Towers and Ke Kilohana.

Read More at Businesswire

Connect with Howard Hughes Corp.

For comments, questions or concerns, please contact Amy Sorter

Share on FacebookTweet about this on TwitterShare on LinkedInEmail this to someone

Tags: , , ,

Comments are closed.