November 11, 2013
First Hawaiian Bank Takes Lead on Symphony Honolulu Construction Loan
Pacific Business News
By Janis L. Magin First Hawaiian Bank is the lead bank among four lenders on a $120 million construction loan obtained by developer OliverMcMillan for the Symphony Honolulu mixed-use condominium project in Kakaako. Honolulu-based Central Pacific Bank and American Savings Bank, and the Washington Capital Joint Master Trust Mortgage income fund, are the three other lenders for the project, San Diego-based OliverMcMillan said in a statement. Construction on the 388-unit, 45-story tower at the corner of Kapiolani Boulevard and Ward Avenue is expected to start by the end of this month. “We are so happy with the outstanding response to Symphony Honolulu,” OliverMcMillan CEO Dene Oliver said in a statement. “We are anticipating our construction start and dreaming of the day when we welcome residents to this beautiful building that we believe will become a beloved icon for Kakaako.” The building’s ground floor will house a showroom for JN Automotive Group’s exotic luxury brands, including Ferrari, Maserati, Bentley, Lamborghini and Lotus.