Investment property loans · City and County of Honolulu, HI
Investor deals in Honolulu run from condo units in Kakaʻako's newer towers and Waikīkī to older houses and small apartment buildings in Kalihi, Makiki and Kaimukī, and newer homes out toward Kapolei. Short-term rentals are allowed only in a few zones, so check the zoning before you plan on short-term income. The city and county also taxes houses and condos assessed at $1 million or more without a home exemption at a higher rate, so check the tax class before you run the numbers.
Where investors buy
Loan programs
30-year loans for Honolulu rentals of 1–4 units, fixed or adjustable, qualified on the rent with no personal income verification: up to 85% of the price on a purchase, with loans from $75,000.
Subject to appraisal and underwriting.
Buy and renovate in Honolulu with up to 95% of the price and 100% of the rehab budget, on a 12–18 months interest-only loan with no prepayment penalty when the house sells.
Subject to appraisal and underwriting.
Close quickly on a Honolulu property with up to 95% of the cost financed and a 12–18 months interest-only term, then sell it or refinance onto a long-term loan. No prepayment penalty.
Subject to appraisal and underwriting.
Financing for new builds in Honolulu, from spec homes built to sell to rentals built to hold. Every project is quoted on its plans, budget and builder.
Quoted on your deal.
Construction loans: get a quoteFinancing for Honolulu apartment buildings of five units or more, mixed-use and commercial property, quoted on the building's income.
Quoted on your deal.
Multifamily and commercial: get a quoteGood to know
Get your terms
Rather talk now? (718) 704-0499
United Lending LLC offers business-purpose financing secured by non-owner-occupied investment real estate. We do not offer loans for personal, family or household purposes, or loans on owner-occupied primary residences.
Questions
Yes. United Lending LLC offers private real estate financing for investors in Honolulu and the rest of City and County of Honolulu: fix and flip and bridge loans sized on the deal, and DSCR rental loans sized on the rent. We're headquartered in Brooklyn, New York, and lend nationwide.
Yes. Our DSCR loans are 30-year loans on 1–4 unit rentals, fixed or adjustable, qualified on the property's rent against its monthly payment with no personal income verification, up to 85% loan-to-value on a purchase and loans from $75,000. Investors use them for rentals in Kakaʻako, Waikīkī and Kalihi, among other parts of Honolulu.
Up to 95% of the purchase price and up to 100% of the rehab budget, on a 12–18 months interest-only loan. Those are maximums, subject to appraisal and underwriting: the property, your experience and the comps set what your loan gets.
There's no prepayment penalty on fix and flip or bridge loans. DSCR rental loans come with a choice of prepayment terms, from none up to five years, set out in your written terms before you commit.
No. You can borrow in your own name or through an LLC, wherever you live; many of our borrowers invest outside their home state. If your LLC was formed outside Hawaii, your loan officer will tell you what's needed before closing.
Hawaii
United Lending's loan terms are its published program limits. The local rules and costs on this page come from the public sources below, checked on the date shown; confirm them with the city, county or your closing attorney before you rely on them.