Equity Cash-Out Bridge Loan for SFR in Honolulu, Hawaii
Loan Type
Equity Cash Out
Location
Honolulu, HI
$250,000
Deal Details
Equity was accessed from a free-and-clear single-family home in Honolulu.
Funds will be used for strategic upgrades and value-add improvements to enhance resale value.
Exit Strategy: Complete renovations, sell the property, and repay the bridge loan.
Private Loan Type
Equity Cash Out
Approx. Funding Date
05/22/2025
Property Type
Single Family Residence
Loan-to-Value
10.87%
Loan Term
12 months
Interest Rate
13.75%
Deal Summary & Highlights
Myers Capital Hawaii partnered with its affiliate, Koa Mortgage Fund, to fund a $250,000 bridge loan secured by a single-family home in Honolulu, Hawaii. The loan featured a highly conservative loan-to-value ratio of 10.87%, based on an estimated property value of $2,300,000.
Although significant equity existed in the property, liquid capital was needed to complete targeted renovations aimed at improving curb appeal and overall marketability. The bridge loan proceeds will be directly used to fund these improvements and prepare the home for sale.
The subject property was in good condition and vacant at closing, comprising approximately 3,782 square feet set on a 10,500-square-foot lot. The Borrower plans to sell the property as an exit strategy upon completion of the renovation. The loan carried a 13.75% interest rate on a 12-month term.
Reed Myers
Principal
Reed is the Principal of Myers Capital Hawaii, an award-winning, privately-owned residential and commercial mortgage banking company. As a second-generation family business owner, Reed has been personally involved in over $1.5 billion in loan originations, helping thousands of clients throughout the country.
Funded and
sold by
With an experienced in-house underwriting team and direct access to capital, Myers Capital Hawaii specializes in providing tailored, reliable financing solutions that traditional lenders simply cannot offer.
Every transaction is structured with the client's long-term financial goals in mind, ensuring a seamless and efficient closing process from start to finish.
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