Myers Capital

Hawaii Direct Lender for Real Estate Investors

Myer’s Capital is a direct private lender offering short-term financing to real estate investors throughout the state of Hawaii. We have been in the mortgage business for 25+ years and although we’ve lent in other states, Hawaii is our home and primary lending market. We can fund deals that most private/hard money lenders on the mainland cannot do. We lend using a combination of our own funds and a mortgage fund which we manage.

Lending Throughout Hawaii – all islands
We will considers remote/rural areas
We lend on Condotels
On the Big Island, we consider property in Lava Zones 1 and 2
Bridge Loans – purchase, refinance, equity cash out
Rehab Fix & Flip or Fix-to-Rent Loans
Residential Ground-Up Construction Loans
Cross-Collateral Considered (multiple properties on one loan)
Loan Terms up to 3 years
Loan-to-Value ranging from 60% to 80%
- 2nd mortgages up to 65% LTV
- Land loans up to 60% LTV
- Commercial Real Estate bridge loans up to 70% LTV

Property Geographic Area Details

Hawaii - all islands

Loan Amounts

$50,000 to $4,000,000

Interest Rates

10% to 15%

Loan Terms

6 months to 36 months

Origination Fees

2% to 3%

Lien Position

1st, 2nd

Collateral Types

Residential Property
Commercial Property

Loan Purpose

Investment Acquisition
Investment Refinance
Improve Subject Property
Use Equity to Invest in Another Property

Property Occupancy

Vacant
Tenant Occupied 100%
Owner Occupied Commercial

Maximum Leverage

Purchase Short-Term (no Value-Add)

Max LTP Residential: 80%

Max LTP Multifamily: 80%

Max LTP Commercial: 75%

Max LTP Land: 60%

Refinance Short-Term (no Cash Out)

Max LTV 1st Lien Residential: 75%

Max CLTV 2nd Lien Residential: 70%

Max LTV 1st Lien Multifamily: 75%

Max CLTV 2nd Lien Multifamily: 70%

Max LTV 1st Lien Commercial: 70%

Max CLTV 2nd Lien Commercial: 65%

Max LTV 1st Lien Land: 50%

Refinance & Cash Out Short-Term

Max LTV 1st Lien Residential: 75%

Max CLTV 2nd Lien Residential: 70%

Max LTV 1st Lien Multifamily: 75%

Max CLTV 2nd Lien Multifamily: 70%

Max LTV 1st Lien Commercial: 70%

Max CLTV 2nd Lien Commercial: 65%

Max LTV 1st Lien Land: 50%

Residential Fix & Flip

Max LTP: 80%

Max LTC: 100%

Max LTARV: 75%

Residential Rehab & Hold

Max LTP: 80%

Max LTC: 100%

Max LTARV: 75%

Multifamily Value-Add

Max LTP: 80%

Max LTC: 100%

Max LTARV: 75%

Commercial Value-Add

Max LTP: 70%

Max LTC: 100%

Max LTARV: 65%

Residential Construction

Max LTP Land: 60%

Max LTC: 80%

Max LTCV: 75%

Property Types

2-4 Units Residential
Bed and Breakfast
Car Wash
Commercial Condominium
Commercial Land
Condominium
Healthcare
Industrial
Mixed-Use
Multifamily
Office
Parking Garage
Parking Lot
Portfolio of Commercial Properties
Portfolio of Residential Properties
Ranch
Senior Housing
Single Family Residence
Storage Facility
Student Housing

Loan Types

Private Money
Hard Money
Residential Bridge
Residential Fix and Flip
Residential Rehab and Rent
Residential Ground-Up Construction
Multifamily Bridge
Multifamily Rehab
Commercial Bridge
Commercial Property Value Add

Specialty Loan Types

2nd Mortgage Equity Cash Out
Land Development
Vacation Rental

Junior Lien Loan Amounts

$50,000 to $500,000

Junior Lien Interest Rates

12% to 15%

Junior Lien Loan-to-Value

70%

Junior Lien Origination Fees

2% to 5%

Junior Lien Types

Purchase
Refinance
Equity Cash Out

Max Loan-to-Purchase Price

80%

Borrower Must Have Property Under Contract

yes

Will Provide Proof of Funds Letter

Will Consider Lending on Purchase from Auction

Allowed Source of Borrower’s Equity

Own Cash
Partner
Equity in Another Investment Property

Experience Required

Minimum Number of Value-Add Projects Completed by Borrower

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

100%

Interest Charged for Renovation Costs

Entire Amount of Total Project Costs

Typical Number of Days for Funds Draw

Maximum After Repair Value

75%

Underwriting Fee

$1,995 flat fee

Documents Fee

$399

Minimum Origination Fee Amount

$4,000

Fees which are mandatory for all new borrower clients

Underwriting Fee
Documents Fee

Details and Requirements

Typical Closing Time (Days)

Fastest Closing Time (Days)

Payment Structure

Interest Only

Pre Payment Penalty

yes

Varies (negotiable)

Will lend to a foreign national

Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will Consider Equity Joint Venture

Borrower Entity Types Considered

Individual(s)
LLC
Limited Partnership
Corporation

Documentation Required

Credit Report
Bank Statements
Financial Statements
Loan Application

Personal Guaranty (Recourse) Required

Always

Credit Check Required

yes

Minimum Credit Score Required

550

Credit Check Description

We are more asset-based but do check credit

Appraisal Required for Residential Property

Sometimes

Appraisal Required for Commercial Property

Always

Broker Price Opinion (BPO) Accepted for Residential Property

Sometimes

Broker Price Opinion (BPO) Accepted for Commercial Property

Sometimes

Contact Myers Capital

Myers Capital pays us to be listed, so there is no fee to connect with them directly.

(808) 566-XXXX

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Established in 1998, Myers Capital is an award winning, privately-owned residential and commercial mortgage banking company specializing in loans for investors including dscr, fix and flip, bridge, ground up construction and second mortgages.

Myers Capital also provides financing for commercial real estate, including raw land (Hawaii only), retail, industrial, mixed use, and multi-family. We specialize in working with business owners and real estate investors to assist with purchasing, renovating, or creatively restructuring their real estate debt.

Myers Capital has is affiliated with investment management company, Myers Investment Group LLC, which it coordinates with to fund investor bridge loans.

License

NMLS ID 1662480

Year Established

1998

Office Locations

841 Bishop Street, Suite 2100, Honolulu, Hawaii 96813

Primary Capital Source

Own Funds
Debt Fund We Manage
Bank Credit Line
Life Insurance Companies

Loan Structure for Majority of Loans

Own Balance Sheet
One Investor One Loan
Multiple Investor Fractionalized Note

Percentage of Loans Secured by Commercial Property

15%

Percentage of Loans Secured by Residential Property

85%

Total Number of Loans Funded to Date

5,000

Total Loan Volume Funded to Date

$15,000,000

Contact Myers Capital

Myers Capital pays us to be listed, so there is no fee to connect with them directly.

(808) 566-XXXX

Click to show phone number

Send email Create a Loan Request

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates

Myers Capital

Kailua-Kona, HI

$180,000

Condominium

Myers Capital

Baltimore, MD

$130,000

Single Family Residence

Myers Capital

Hawaiian Paradise Park, HI

$50,000

Residential Land

Myers Capital

Waipahu, HI

$1,015,000

Multifamily

Contact This Lender

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(808) 566-XXXX

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