Nan Chul Shin receives construction loan for 972-unit mixed-use development in Honolulu

Real estate developer Nan Chul Shin has received a $528 million construction loan for The Park on Keeaumoku, a 972-unit mixed-use development that spans two residential towers and sits on nearly four acres of land in Honolulu. Silverstein Capital Partners provided the loan.

The project is owned and developed by Nan Chul Shin, who has been active in Hawaiian real estate development since 1990. Along with The Park on Keeaumoku, Shin lists a Veterans Affairs medical clinic in Kalaeloa, a Honouliuli Middle School in Kapolei and the State Veterans Home in Oahu as part of his development portfolio.

“We are thrilled to partner with Silverstein Capital Partners to secure financing for The Park on Keeaumoku,” Shin said in a statement. “Our plan is to create a vibrant community where individuals and families can work, eat, shop and relax, all within a beautiful park setting.”

The Park’s two towers are expected to generate roughly 826 market-rate condo units and