Tag Archive | "sun kona finance"

HokuliaBug

New Hokulia owners fund $20M for Mamalahoa bypass

MEDIA RELEASE On June 3 2014, an affiliate of Sun Kona Finance I LLC, the investment firm that acquired Bank of Scotland’s loans to the long‐stalled Hokulia project took the unusual opportunity to pay 1250 Oceanside’s obligation to the County before the effective date of bankruptcy exit plan which is scheduled for later in June. […]

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HokuliaBug

Hokulia reorganization plan approved by bankruptcy court

MEDIA RELEASE Sun Kona Finance LLC, the investment firm that acquired Bank of Scotland’s loans to the long‐stalled Hokulia project, and debtors 1250 Oceanside Partners, Pacific Star Company LLC, and Front Nine’s Joint Consolidated plan of reorganization under Chapter 11 has been approved by the U.S. Bankruptcy Court Judge Robert J. Faris. The reorganization plan […]

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HokuliaBug

Restructuring plan for Hokulia turnaround accepted

MEDIA RELEASE Transformation of the stalled Hokulia luxury development on the Kona Coast of Hawaii Island is one step closer. The first hearing to review the restructuring plan for Debtors 1250 Oceanside Partners, Pacific Star Company LLC, and Front Nine, was recently held in the U.S. Bankruptcy Court in Honolulu. The restructuring plan has been […]

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HokuliaBug

Reorganization plan filed to revive Hokulia development

MEDIA RELEASE Sun Kona Finance I LLC, the investment firm that acquired Bank of Scotland’s loans to the long‐stalled Hokulia project and debtors 1250 Oceanside Partners, Pacific Star Company LLC, and Front Nine, have submitted a joint consolidated plan of reorganization under Chapter 11 to the U.S. Bankruptcy Court in Hawaii. A hearing on the […]

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