Investment Loan News
Ocean View Inn
STEELHEAD CAPITAL, INC. ADVISES ON THE SALE OF THE OCEAN VIEW INN IN KAILUA-KONA HAWAII
San Francisco, CA
September 12, 2005
Investment Financing Summary:
Steelhead Capital, Inc. represented The Earl V Lee ETAL Partnership, a Hawaii general partnership in its disposition of the property known as the Ocean View Inn in Kailua-Kona Hawaii. The property sold on an "as is" basis for all cash with a sales price of $2,350,000. The transaction closed in 90 days.
The 70 year old building is located at the finish line of the Ironman World Triathlon Championships on Alii Drive in the Kailua Village section of Kailua-Kona Hawaii. The Sellers were the owner-operators of the family restaurant and decided to retire after 60 plus years at the location. Over 45 Confidentiality Agreements were submitted and nine offers were produced.
A. Sean Aguilar, CCIM, was the lead advisor and was responsible for assessing the value of the property as well as analyzing the after tax sale implications for the Sellers prior to marketing the opportunity. He also negotiated the sale, structure the terms and provide the transactional management oversight. The Buyer is a privately owned restaurant operator from the west coast.
Steelhead Capital is a premier provider of creative commercial loan financing solutions for commercial real estate investors. Steelhead Capital brings an extensive network of lending sources, structured finance experience with a focus on acquisitions, and a clear commitment to personalized customer service to investors financing properties in any of the 50 states. Steelhead Capital's offices are located in San Francisco, CA. Company information can be found at Steelhead Capital Investment Loans.
Contact Information:
Steelhead Capital, Inc
415-397-2980 (phone)
415-397-2981 (fax)