{"id":1004121224,"date":"2015-06-15T19:31:17","date_gmt":"2015-06-16T03:31:17","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=353009"},"modified":"2022-12-07T15:26:31","modified_gmt":"2022-12-07T23:26:31","slug":"cbre-arranges-financing-for-top-apartment-community-on-maui","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-financing-for-top-apartment-community-on-maui\/","title":{"rendered":"CBRE Arranges Financing for Top Apartment Community on Maui"},"content":{"rendered":"

By Adriana Pop, Associate Editor <\/em><\/p>\n

\"Sunset<\/a><\/p>\n

Sunset Terrace Apartments in Lahaina, Maui<\/p>\n<\/div>\n

As demand for multifamily housing on Maui continues to increase, CBRE Capital Markets has secured $38.5 million in financing for Sunset Terrace Apartments, a 288-unit garden-style residential complex in Lahaina, on Maui\u2019s western coast.<\/p>\n

Andrew Behrens and Jesse Weber of CBRE\u2019s San Francisco office arranged the cash-out refinance through Freddie Mac on behalf of Empire USA Real Estate Investments.<\/p>\n

The property is located at 3626 Lower Honoapililani Road, adjacent to Honokowai Beach Park in Maui’s Kaanapali Beach Resort area. It is also situated within walking distance of a number of restaurants, grocery stores and shopping venues.<\/p>\n

Surrounded by 13 acres of lush tropical landscape, the community offers a mix of one- and two-bedroom apartments, as well as a swimming pool and direct access to the Pacific Ocean. It was built in 1987 and renovated multiple times over the years. Today, it continues to rank as one of the island\u2019s top market performers.<\/p>\n

\u201cEmpire USA Real Estate Investments and Freddie Mac were both able to recognize the increasing demand for housing on Maui,\u201d Behrens said in a prepared statement. \u201cWith no new residential product being built, and the hospitality and tourism industries growing, the housing dynamics present on Maui provide a favorable scenario for multifamily owners as the demand for apartments continues to increase with new jobs entering the market.\u201d<\/p>\n

Photo credit: Empire USA Real Estate Investments<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

As demand for multifamily housing on Maui continues to increase, CBRE Capital Markets has secured $38.5 million in financing for Sunset Terrace Apartments, a 288-unit garden-style residential complex in Lahaina, on Maui’s western coast.<\/p>\n","protected":false},"author":260,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1588,21742],"tags":[],"class_list":["post-1004121224","post","type-post","status-publish","format-standard","hentry","category-honolulu","category-latest"],"acf":[],"yoast_head":"\nCBRE Arranges Financing for Top Apartment Community on Maui - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-financing-for-top-apartment-community-on-maui\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBRE Arranges Financing for Top Apartment Community on Maui\" \/>\n<meta property=\"og:description\" content=\"As demand for multifamily housing on Maui continues to increase, CBRE Capital Markets has secured $38.5 million in financing for Sunset Terrace Apartments, a 288-unit garden-style residential complex in Lahaina, on Maui’s western coast.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-financing-for-top-apartment-community-on-maui\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-06-16T03:31:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-07T23:26:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/06\/Sunset-Terrace-Apartments-in-Lahaina-Maui1.jpg\" \/>\n<meta name=\"author\" content=\"Adriana Pop\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-arranges-financing-for-top-apartment-community-on-maui\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-arranges-financing-for-top-apartment-community-on-maui\\\/\"},\"author\":{\"name\":\"Adriana Pop\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/c6fbe4a6cd09e6097b39e787ae96d7ad\"},\"headline\":\"CBRE Arranges Financing for Top Apartment Community on Maui\",\"datePublished\":\"2015-06-16T03:31:17+00:00\",\"dateModified\":\"2022-12-07T23:26:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-arranges-financing-for-top-apartment-community-on-maui\\\/\"},\"wordCount\":246,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-arranges-financing-for-top-apartment-community-on-maui\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/06\\\/Sunset-Terrace-Apartments-in-Lahaina-Maui1.jpg\",\"articleSection\":[\"Honolulu\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-arranges-financing-for-top-apartment-community-on-maui\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-arranges-financing-for-top-apartment-community-on-maui\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-arranges-financing-for-top-apartment-community-on-maui\\\/\",\"name\":\"CBRE Arranges Financing for Top Apartment Community on Maui - 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