Maui Residential Project Lands $96M Financing
- Dec 07, 2016
Lihue, Hawaii—HFF has arranged $96 million in financing for the development of Timbers Kauai – Ocean Club & Residences, a private oceanfront residence club in Lihue, on the Hawaiian island of Kauai.
Upon completion by next summer, the project will be the first real estate component within the planned 450-acre Hokuala Resort development that encompasses the existing award-winning Jack Nicklaus Signature Golf Course. Plans also call for a boutique hotel, luxury residential neighborhood, retail shopping village, resort spa, dining options and wedding venues. The resort is situated nearly one mile from beachfront cliffs and coastal trails, offering dramatic ocean and mountain views, as well as golf, tennis, hiking and biking trails, beach activities and ocean/mountain adventures.
Timbers Kauai will feature 47 fractional (one-sixth and one-12th fractions) and whole-ownership condominiums and townhomes offering a variety of two-, three- and four-bedroom floor plans. Amenities will include an infinity-edge, oceanfront swimming pool with expansive terrace; a family pool with beach entry, waterslide and waterfalls; poolside dining; a fitness center and motion studio with outdoor lanai; a spa and wellness center; the Keiki Club (for children); a business center; a club lounge; a retail and sundries shop; and the private Ocean Club restaurant. Owners at Timbers Kauai will be members of the Timbers Collection, offering a host of perks and privileges from some of the most recognized travel and lifestyle partners around the world, as well as the opportunity to trade vacation time with other owners through the Timbers Reciprocity Program and experience destinations throughout the entire Timbers portfolio. Overlooking Nawiliwili Bay, the property is situated less than two miles south of the Lihue Airport.
The HFF debt placement team representing the developer was led by Senior Managing Director Paul Brindley, Director Bryan Clark and Associate Brad Greenway.
Image courtesy of Timbers Resorts