Inner Circle Capital Advisors successfully arranged an acquisition bridge loan for a 12-unit apartment property in Kailua, HI. The buyer is a local Honolulu based real estate investor that owns several investment properties in Hawaii including an 8-unit apartment on the same street. The subject 12-unit property is currently leased to market rate tenants and the buyer plans to make minor updates and re-tenant to Section 8 tenants which offer a significant rent premium compared to market rate tenants.
Capital Advisor: Chris Peters
