Development funded.Canyon Capital Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. Advisors and San Francisco-based California Mortgage and Realty, funded a $97.9 million bridge loan to Halekua Development Corp. so the company can exit from bankruptcy. The loan will repay all of Halekua's secured creditors One who holds some special monetary assurance of payment of a debt owed to him or her, such as a mortgage, collateral, or lien. on a community development project planned for a 161-acre residentially zoned piece of land overlooking o·ver·look tr.v. o·ver·looked, o·ver·look·ing, o·ver·looks 1. a. To look over or at from a higher place. b. Pearl Harbor Pearl Harbor, land-locked harbor, on the southern coast of Oahu island, Hawaii, W of Honolulu; one of the largest and best natural harbors in the E Pacific Ocean. In the vicinity are many U.S. military installations, including the chief U.S. , 30 minutes west of Honolulu. The money also will cover $20 million in pre-development and infrastructure expenses. The development, known as Royal Kunia, was stalled in 2003 when Halekua filed for bankruptcy. Plans call for 2,000 homes, 600 of which will be affordable units. |
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