Private Investor Provides $16M Loan For Raw Land In Kona, Hawaii

Located in Kona, Hawaii, this closed transaction involves a parcel of raw land spanning 24 acres. The deal was finalized on 11/04/2019.

Summary of transation details

• Property Type: Raw land
• Transaction Amount: $16,000,000
• Market: Kona, Hawaii

The loan for this transaction was provided by a private high net worth investor. The landlord, Brian Anderson, was represented by Max Benjamin, Jason Moyal, and Alec Ziff of the brokerage. The loan amount, $16,000,000, corresponds to a 100% Loan-to-Cost (LTC) ratio and a 114% Loan-to-Acquisition (LTA) ratio. The loan has a 6-month term, with an 18-month extension option, and closed in less than 30 days.

This successful transaction demonstrates the interest of a private high net worth investor in acquiring 24 acres of raw land in Kona, Hawaii. With the expertise of Max Benjamin, Jason Moyal, and Alec Ziff, the landlord, Brian Anderson, secured financing of $16,000,000 to complete the deal.