Bank Of Hawaii Provides $65M Permanent Financing For Industrial Property In Honolulu, HI
Honolulu, Hawaii, United States
$65,000,000
$286/SF
Building Size
226,850 SF
Asset Type
Industrial
Closing
May 31, 2022
AI
The industrial property located in Honolulu, HI, with a total square footage of 226,850, was recently involved in a closed transaction. The deal was facilitated by Murphy Osborne from Gantry. Bank of Hawaii provided permanent financing for the transaction.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $65,000,000
- Lender: Bank of Hawaii
- Broker: Murphy Osborne - Gantry
The loan amount for the transaction was $65,000,000. The loan type was permanent financing, with a 15-year term. The loan included a significant interest-only period transitioning to a 30-year amortization schedule.
Players
Honolulu Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93