Updated Sep 30, 2026
NorthMarq Arranges $51.14 Million Loan For 167-Unit Senior Housing At 1723 Kalakaua Avenue
1723 Kalakaua Avenue
$51,140,000
Units
167
Asset Type
Senior Housing
Closing
Sep 28, 2026
About this deal
AI
The property involved in this transaction is a senior housing community located at 1723 Kalakaua Avenue, Honolulu, HI. This asset encompasses 167 units, focusing on senior living arrangements. The refinancing for this community amounts to $51,140,000 and features a loan term of a 35-year fixed rate.
Summary of transaction details:
- Property Type: Senior Housing
- Transaction Amount: $51,140,000
- Loan Terms: 35-year fixed rate
- Address: 1723 Kalakaua Avenue
- Market: Honolulu, HI
- Units: 167
- Brokers: Cody Field & Jason Szuminski - NorthMarq
This refinancing was arranged by NorthMarq on behalf of HPL Development, specifically focusing on the Kalakaua Gardens senior living community. The involvement of brokers Cody Field and Jason Szuminski adds significant expertise to the transaction, ensuring proper management of the refinancing process.
On the Map
$51,140,000
Senior Housing
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Players
Honolulu Senior Housing Market Snapshot
Boundary boundary · Senior Housing · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93