Private Loans Honolulu

About Private Loans Honolulu

Private Loans Honolulu is a private money lender in Honolulu, HI offering funding throughout Honolulu. They offer short term loans, fix and flip hard money loans, and ground-up construction loans. They provide loan amounts ranging from $50,000 to $750,000. Their loan parameters do not require a minimum credit score. They will consider varying lending requests but usually focus on single family units and multi family residences.

Loan Types Offered: Fix and Flip Loans, New Construction Loans, Bridge Loans

Property Types Covered: Single Family, Multi Family

Areas Served: Honolulu

Lending Guidelines for Private Loans Honolulu

Below are the general loan guidelines published on the Private Loans Honolulu 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 Private Loans Honolulu.

Loan Example 1

Dora is a house flipper in Honolulu, HI. She locates a run-down property and decides to remodel it and sell it for a profit. The property costs $250,000 but she doesn't have the full amount so she obtains a fix and flip loan with Private Loans Honolulu. Because the lender agrees to a 85% loan-to-value, Dora will be required to put 15% down and the amount of the loan will be $212,500. The loan is interest only, paid monthly, and is for 18 months at 12% interest with 3 points paid when the deal closes.

Dora will need to fund a total of $32,400 upon closing to cover the $37,500 down payment plus the $6,375 origination fee. she will then pay $2,125 per month to the lender. If Dora sells the project for $325,000 after 18 months, she would make a gross profit of $30,375 after deducting the original principle of $212,500, the cash contributed at the close of $37,500, the origination points of $6,375, and the total interest payments of $38,250. This gross profit doesn't include renovation costs.

Loan Example 2

Jewell is a an investor in Honolulu, HI. She locates an older townhouse for a renovation project and obtains a private money loan from Private Loans Honolulu with the following paramters:

$370,000 sales price
80% loan-to-value (LTV)
18 month term
13% interest rate
1% origination fee

Once the renovation project is finished, if Jewell sells the house for $462,500, the final numbers would be as follows:

$462,500 sales price
- $296,000 principle (80% LTV)
- $74,000 down payment (20% on 80% LTV)
- $2,960 origination fee (1% of the $296,000 principle amount)
- $57,720 total interest paid (18 months x 13% interest)
-----------------------
= $31,820 total profit (does not include taxes or rehab costs)

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