Harbor Holding, LLC - Seward

AIDEA participated with Wells Fargo bank in a $1,706,000 business loan to Harbor Holding, LLC which is a real estate holding company. The loan covered the refinancing of a remodel to Chinook's Restaurant, the acquisition of Harbor Plaza retail center, and for the purchase of an undeveloped city lot. Both Chinook's Restaurant and Harbor Plaza are landmark properties located in the harbor area of Seward adjacent to several restaurants, retail outlets and tourist destination points.

Chinook's Restaurant is one of Seward's premier restaurants, featuring a full lunch and dinner menu, including seafood, steaks, pastas and a full-service bar. The restaurant has been operating seasonally since 1995 and in 2005 underwent an extensive remodel which added 4,000 square feet to the restaurant, doubling its size. The restaurant employs 35 part-time and full-time employees.

Harbor Plaza contains a net rentable area of 7,890 SF and features retail, restaurants, offices and storage space with an apartment for the property manager on the second floor.