Hawaii New Construction Loans
There are 6 search results for new construction lenders offering loans in Hawaii. The mean note amount is $477,768. Rates on hard money loans issued to Hawaii borrowers average 11.0%. 18 months is the mean term for notes issued in this state. The average loan issued in the state carries a 3.8 point origination cost. 76% is the average loan-to-value (LTV) for offered by lenders in Hawaii.
Loan Example 1
Clara is a builder in Aiea, HI. She decides to buy a land lot and construct a new tri-plex. The lot costs $240,000 and Clara expects that the construction costs for the new house will be approximately $350,000. Number One Lending Group will fund the project at a 60% loan-to-value (LTV) with a 13%, 6 month new construction loan with two origination points to be paid when the deal closes. Clara will collect the construction expenses in draws and there will be no pre-payment penalty if she pays off the loan before the 6 months is over. According to this loan scenario, Clara will need to contribute the following: 1) $236,000 cash down (by the 60% LTV), 2) a $7,080 origination fee ($354,000 loan principle x 2%), and 3) $3,835 monthly interest payments. After subtracting all expenses, Clara will make a $259,910 total profit if she succeeds in his goal of a $880,000 sales price.
Loan Example 2
Keith is an investor and wants to build a house on a lot in Aiea, HI. Because he doesn't have the money to pay for the full purchase, he takes out a construction private money loan from Reliance Finance with these specifications:
If his achieves a $520,000 sales price after the 18 months, the numbers for this project will be as follows:
$520,000 sales price
- $336,000 note principle (80% LTV)
- $84,000 down payment (20% on 80% LTV)
- $16,800 origination points (5% of the $336,000 principle amount)
- $40,320 interest payments (18 months x 8% interest)
= $42,880 gross profit
Hilton Financial Corporation is an asset-based lender headquartered in Phoenix, AZ offering loans in Arizona, Utah, Colorado, Ohio, and Hawaii. They offer loans for a variety of situations, including fix-and-flip hard money loans, bridge loans, builder loans, hard ...
Investor Rehab Funding is hard money lender headquartered in Atlanta, GA. They provide loans in 40 states throughout the US. They offer fix-and-flip hard money loans, private refinancing, investment property loans, and new construction loans. ...
Sharestates is a Great Neck, NY based hard money lender. They provide loans in 46 states across the US. They offer lending solutions for a variety of needs and situations, including hard money loans for commercial properties, fix ...
Based in Colorado Springs, CO, Red Rock Capital is a private money lender providing loans in 42 states across the United States. They offer construction loans, bridge loans, fix-and-flip loans, and loans for investments properties. Their loan ...
Island View Private Loan Fund
2139 Chuckwagon Road, Suite 315
Colorado Springs, CO 80919
(952) 345-3445 Website
Island View Private Loan Fund is a hard money lender based in Colorado Springs, CO offering funding in 42 states across the US. They offer lending solutions for a variety of situations and needs, including fix and flip hard ...
Private Money Utah is a Salt Lake City, UT based hard money lender who provides loans throughout Chicago. They provide lending solutions for many different situations, including short term fix and flip loans, construction loans, commercial hard money loans, ...