JDI provided a $6.5M acquisition loan for the 144-acre Kiahuna Golf Club in Kauai, designed by legendary architect Robert Trent Jones Jr. in 1984. The borrower, a group of experienced local developers and real estate executives, plans to refine the course and improve the clubhouse. Despite a tight timeline, we closed by January 6, just ahead of the borrower’s purchase contract expiration. The golf course has performed well, with 29,000 rounds played in 2023 and a 30% income increase since 2021. This deal highlights JDI’s ability to close quickly and underwrite opportunistic acquisitions that traditional lenders often overlook.
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