Hawaii Lending Group

About Hawaii Lending Group

Based in Honolulu, HI, Hawaii Lending Group is a hard money lender providing loans in Hawaii. They provide commercial loans, loans for rental properties, and fix-and-flip hard money loans. Their loan guidelines are versatile, including terms between 6 months and 3 years, rates starting at 12%, and loan amounts ranging from $50,000 to $2,000,000 with a maximum LTV of 75%. They will make loans on all the following types of properties: single family homes, multi-family units, apartments, office buildings, retail units, industrial buildings, and storage buildings.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans

Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Industrial, Storage

Areas Served: HI

Lending Guidelines for Hawaii Lending Group

Below are the general loan guidelines published on the Hawaii Lending Group website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by Hawaii Lending Group.

Loan Example 1

Staci finds a property in Honolulu, HI to renovate and resell. Since she does not have enough cash to buy the $180,000 property outright, she decides to take out a fix and flip loan from Hawaii Lending Group. The loan-to-value (LTV) on the note is 80%. This means Staci will need to bring 20% of the sales price to the closing and the principle will be $144,000 on the note. The interest rate on the loan is 14% for a length of 18 months and the lender requires a four point origination fee at closing. The interest is to be paid on a monthly basis and the principle amount will be paid back after the sale of the property.

In addition to paying the $5,760 origination fee, Staci will also fund $36,000 of the purchase with her own money, or 20% of the sales price. The monthly interest only payments will then total $1,680 to the lender. If Staci sells the remodeled house for $225,000 at the end of the 18 month term, her gross profit (not including rehab costs) would be $9,000. This is computed by taking the sales price ($225,000) and subtracting the original principle ($144,000), the origination fee ($5,760), the cash she brought to closing ($36,000), and the total interest payments ($30,240).

Loan Example 2

Erik finds a property in Honolulu, HI to rehab and sell. Since he does not have enough cash to buy the property outright, he takes a fix and flip loan from Hawaii Lending Group with the following parameters:

$300,000 purchase price
65% loan to value (LTV)
6 month term
10% interest rate
5% origination fee

Once the rehab project is finished, if Erik sells the property for $360,000, the numbers would be as follows:

$360,000 sales price
- $195,000 note principle (65% LTV)
- $105,000 down payment (35% on 65% LTV)
- $9,750 origination fee (5% of the $195,000 principle amount)
- $9,750 interest payments (6 months x 10% interest)
-----------------------
= $40,500 gross profit (does not include taxes or rehab costs)

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