Developers behind the planned rebirth of Kaua‘i’s famed Coco Palms hotel have secured a $431 million loan to reconstruct the 1953 resort where Elvis Presley’s “Blue Hawaii” was filmed. Finalizing a deal to secure the money needed to fund construction is “the pivotal final step” in moving the stagnant project forward, Jon Day, chief financial officer at Reef Capital Partners, said in an email. The historic hotel has been closed since 1992, when Hurricane Iniki ravaged the island. Construction is