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Tuesday, 10 October 2017

Sonnenblick-Eichner Arranges $165Mln to Refinance Hawaii Industrial Park

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Sonnenblick-Eichner Co. has arranged a $165 million loan to refinance Airport Industrial Park, with 1.3 million square feet in Honolulu.

The 15-year loan, from Allegiant Real Estate Capital, requires only interest payments for its full term. Proceeds, which amount to 65 percent of the property's value, were used to defease, or replace with government securities, $90.5 million of outstanding debt that was securitized through JPMorgan Chase Commercial...

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Additional Info

  • Syndicate to Realpoint: No
  • States: Hawaii
  • Sector: Industrial
  • Subject: Mortgages/Financing (MOR)
  • Deal Name: JPMorgan Chase Commercial Mortgage Securities Corp., 2005-CIBC11
  • Company: Sonnenblick-Eichner Co.
  • Valuation: More than $150 million
  • Private: Yes
  • bloombergDealName: JPMCC 2005-CB11
Read 514 times Last modified on Tuesday, 10 October 2017
Dan Moynihan

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