Equity Cash Out Loan for Single Family in Aiea, Oahu
$455,000
)
Deal Details
Private Loan Type
Equity Cash Out
Approx. Funding Date
05/28/2026
Property Type
Property City
Aiea
Property State
HI
Loan Term (months)
12
Lien Type
1st Mortgage
Payment Type
Interest Only
Property Value
$1,270,000
Loan-to-Value
35.82%
Property Neighborhood
Aiea
Location Type
Suburban
Property Condition
Good
Building Square Footage
1,590
Lot Square Footage
7,560
Lot Acreage
0.17
Borrower's Plan
Rehab and Rent
Exit Strategy
Refinance
Borrower Credit Rating
Excellent
Interest Rate
13.75%
Deal Highlights
Deal Summary
Myers Capital Hawaii—a residential and commercial mortgage banking company and direct private lender—partnered with its affiliate, Koa Mortgage Fund, to fund a $455,000 first-lien purchase bridge loan secured by a single-family property in Honolulu.
Koa Mortgage Fund, a pooled mortgage debt fund, structured the loan at conservative 35.82% loan-to-value based on the property’s $1,270,000 appraised value.
An existing client, the borrower initially sought to refinance the property into a DSCR loan. However, deferred maintenance and condition issues prevented the property from qualifying for traditional rental financing. To keep the investment strategy on track, our team structured a bridge loan that allowed the borrower to access equity, complete necessary improvements, and prepare the property for the rental market.
The 12-month, interest-only bridge loan was funded in May at a fixed rate of 13.75%, with a clear exit strategy to refinance into a DSCR loan.
Funded By
Myers Capital
Private Lending for Hawaii Investment Property, Including Land
Dealmakers
Reed Myers
Principal
Reed is also Principal of Myers Capital, an award-winning, privately-owned residential and commercial mortgage banking company based in downtown Honolulu. As a second generation family business owner, Reed is personally involved in over $1.5 billion in loan originations, helping thousands of clients throughout the country. He holds active mortgage loan origination licenses in Hawaii and multiple states. He is also an experienced real estate investor throughout Hawaii and the mainland.