Civitas Capital Group, a real estate investment firm specialising in niche US opportunities, has announced a $150m senior loan for the construction of a 210-room Curio Collection by Hilton Hotel on the island of Kauai, Hawaii.
The deal highlights Civitas’ ability to provide financing solutions in a tough market for real estate developers.
The company stated that traditional lenders such as banks and insurance companies are often hesitant to fund certain projects. Civitas’ bridge lending platform steps in to fill this gap, offering capital for acquisitions, refinances and construction projects.
The new resort sits on 8.5 acres within a 450-acre oceanfront development.
The property will include a restaurant, a pro shop for a nearby golf…