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| Kiawah Island, SC |
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| Vicky Schiff |
LOS ANGELES, CA ––
Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured $50 million in
financing for the development of Timbers
Kiawah – Ocean Club & Residences, a private oceanfront residence club
on Kiawah Island in South Carolina.
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| Ethan Penner |
HFF worked exclusively on
behalf of the borrower to secure construction financing from Mosaic Real Estate
Credit, LLC, a firm co-founded by industry veterans Ethan Penner and Vicky Schiff.
Timbers Kiawah – Ocean
Club & Residences, due for completion in summer 2018, will consist of a
total of 21 fractional-ownership residences across three residential buildings,
each with six ocean residences on the first three levels and an expansive
fourth-floor ocean penthouse.
As one of the few remaining oceanfront parcels
on the island, the 3.5-acre development site is ideally situated at the end of
Beachwalker Drive and Duneside Road on the most southwestern end of the
10-mile, crescent-shaped Kiawah Island Beach.
The location offers
convenient access to downtown Charleston and nearby shopping and dining
amenities located at Freshfields Village, as well as 123 acres of parks, hiking
and biking trails, 24 tennis courts and five world-class golf courses.
 |
| Paul Brindley |
Units will provide access to a wide range of luxury amenities, including a spacious clubhouse with a central lounge area, owner services team, valet, bar and temperature-controlled owners’ wine wall, state-of-the-art fitness facility and children’s playroom.
A private, ocean-front beach club will offer
owners a luxurious swimming pool with terraced bar and grill that is steps from
the beach.
Owners at Timbers Kiawah will
be members of the Timbers Collection, offering a host of perks and privileges
from some of the most recognized travel and lifestyle partners around the
world, as well as the opportunity to trade vacation time with other owners
through the Timbers Reciprocity Program and experience destinations throughout
the portfolio.
The HFF debt placement
team representing the developer was led by senior managing director Paul Brindley, director Cory Fowler and associate director Brad Greenway.
For more info on Timber
Resorts, please visit www.timbersresorts.com,
www.facebook.com/timbersresorts,
www.twitter.com/timbersresorts and www.pinterest.com/timbersresorts.
For a complete copy of the company’s news release,
please contact:
Olivia Hennessey
Public Relations
Specialist
HFF | 9 Greenway Plaza,
Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax
713.527.8725 | www.hfflp.com
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