Equity Cash-Out Bridge
Equity Cash-Out Hard Money Loan for SFR in Honolulu, Hawaii
- Loan Amount
- $735,000
- Loan-to-Value
- 58.8%
- Interest-Only Term
- 6 Months
- Private Loan Type
- Equity Cash-Out Bridge
- Approx. Funding Date
- September 4, 2025
- Property Type
- Single Family Residence
Deal Summary
Myers Capital Hawaii, a residential and commercial mortgage banking company and direct private lender, partnered with its affiliate, Koa Mortgage Fund–a pooled mortgage debt fund—to fund a $735,000 first-lien equity cash-out loan secured by a single-family property in Honolulu, Hawaii. The loan had a 58.8% loan-to-value (LTV) ratio based on an appraised property value of $1,250,000.Our repeat Borrower needed to unlock equity quickly to renovate the property and prepare it for permanent financing. The property’s condition made it ineligible for conventional and DSCR loans, and several insurers initially declined coverage, delaying the project. Leveraging strong industry relationships, Myers Capital Hawaii secured coverage through a highly rated insurance provider, allowing the project to proceed. The Borrower had excellent credit, and the subject property measured approximately 1,680 square feet on a 5,100-square-foot lot. The loan carried a 14% interest rate with a 6-month term. This hard money loan was funded in September 2025.
Deal Highlights
- Borrower accessed equity from a single-family home in Honolulu.
- Property condition prevented eligibility for conventional or DSCR financing.
- Proceeds will be used to renovate and prepare the property for permanent financing.
- Additional funds will be used to upgrade other rental properties.
Property & Loan Details
- Property City
- Honolulu
- Property State
- HI
- Loan Term (months)
- 6
- Lien Type
- 1st Mortgage
- Payment Type
- Interest Only
- Property Value
- $1,250,000
- Property Neighborhood
- Honolulu
- Location Type
- Suburban
- Property Condition
- Good
- Building Square Footage
- 1,680
- Lot Square Footage
- 5,100
- Lot Acreage
- 0.11
- Borrower's Plan
- Rehab and Rent
- Exit Strategy
- Refinance
- Borrower Credit Rating
- Excellent
- Interest Rate
- 14%
Loan Originator
Reed Myers
Principal
Reed is also Principal of Myers Capital, an award-winning, privately-owned residential and commercial mortgage banking company and direct private lender based in Honolulu, Hawaii. As a second-generation family business owner, Reed is personally involved in over $2 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. Myers Capital provides efficient mortgage lending and real estate advisory services in 42 states.
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