Posted on 03/18/2015 7:45:43 PM PDT by nickcarraway
One of Hawaii’s best-known homes was sold this week.
The stunning three-acre oceanfront parcel along Waimanalo Beach was made famous in the “Magnum P.I.” television series, but who might spend time there next may give it even more notoriety.
The sale at 41-505 Kalanianaole Highway is shrouded in a bit of mystery, but it could involve a very famous future visitor when he’s not at the White House.
The property traded hands in a sale that recorded Monday.
The talk of the neighborhood so far is that the purchase is affiliated with President Barack Obama, so we looked into it.
“People on the beach here think it’s Obama, and some people like me are thrilled at the prospect,” said Lee Siegel, who owns a neighboring home. “It’s wonderful. My dog there can’t wait to play with Bo.”
“I think the people who are kind of negatively concerned are worried that security is going to somehow impede or interfere with their life here in Waimanalo. It’s going to put Waimanalo on the map, that’s for sure,” Siegel added.
Listing agent Mary Worrall sold the home for $8.7 million on behalf of the same ohana that had owned it since the 1930s when it was built.
She said everyone in the transaction had to sign confidentiality agreements, so nothing further could be disclosed about who is buying it and what plans are for the house.
Always Investigating reviewed the deed and mortgage and found the buyer is an LLC called Waimanalo Paradise, set up just last month, whose mailing address and contact is Obama donor and Chicago lawyer Seth Madorsky.
The deed and the mortgage are signed by a person with the same name, Judy Grimanis, as an executive assistant at a Chicago-based private capital firm run by Obama’s longtime friend and frequent Hawaii golf and travel partner Marty Nesbitt. It is also the same name of a person who worked for prominent Obama fundraiser Penny Pritzker’s companies.
The mortgage is held by yet another LLC set up last month, this one called Hoaloha Holdings.
The mortgage is nearly a million dollars more than the sale price, a $9.5 million note, so it would appear some major renovations could be in store for the aging property.
No comment yet from the seller or those associated with the Waimanalo Paradise or Hoaloha Holdings LLCs, nor from the White House about the First Family’s connections, if any.
You’re forgetting that Obama is a lawyer so the shark thing wont won’t work.
a loan for $1,000,000 more than the asking price. —
After the bubble, I thought new rules were put in place to stop this kind of inflated loan.
Me either it’s prime location but old and run down. Doesn’t have a pool. It’s just not them.
He will at least have to use his cronies money instead of our own.
Or he can’t work the lock, and the dobies get him.
—
I like that. LOL
Where do you think the cronies get their money?
The ocean ain’t that big! Tsunamis across Asia and the Americas.
Obama’s moving into the Masters home?
professional courtesy?
Would love to see it hit by a hurricane with Barry and Mooch present.
Kinda now looks like a sh1thole though. Somehow fitting.
You’re right. One is a moocher who rarely works, living the high life off other’s wealth, the other is the _resident. OK, there are some major similarities.
That’s it.
As a staunch NRA member and right winger, Tom Selleck is bound to be pissed off!
Oy vey. Now we have to check that probable truth out. More work for Pieter ! These cruddy new world orderers...
Thanks hmama...
But in this case instead of Dr Fu Man Chu it would be {{Insert Joke HERE}}
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