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The Honolulu Advertiser
Posted on: Wednesday, January 6, 2010

Kihei project gets refinancing

Advertiser Staff

CW Financial Services said it has provided $17.8 million in refinancing for Paradise Gardens, a 200-unit development in Kihei.

The Boston-based company’s CWCapital unit said it and Freddie Mac worked collaboratively to develop a refinancing strategy for the borrower, who was faced with a maturing loan on an over-leveraged property.
The development consists of four buildings on a 8.5-acre property and was built in 1990.