Waikiki condo developer gets $169.2 million loan

The developer of the Allure Waikiki, a new Waikiki condominium, has received a $169.2 million loan from a unit of Corus Bankshares Inc.

The loan was made to FRC Waikiki LLC, an associate of Fifield Cos. Developer Steve Fifield has worked with the Chicago-based bank on more than a half dozen developments during the past decade.

The project consists of 291 units in a 35-story tower.

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source: honoluluadvertiser.com