Equity Cash-Out Bridge
Equity Cash-Out Loan for Single-Family Residence in Honolulu, Hawaii
- Loan Amount
- $1,200,000
- Loan-to-Value
- 57.14%
- Interest-Only Term
- 9 Months
- Private Loan Type
- Equity Cash-Out Bridge
- Approx. Funding Date
- August 12, 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, to fund a $1,200,000 equity cash-out bridge loan secured by a single-family home in the Manoa neighborhood of Honolulu, Hawaii. The loan was structured with a 57.14% loan-to-value (LTV) based on an appraised property value of $2,100,000. The Borrower used the bridge loan to pay off a maturing fix-and-flip loan after the institutional lender declined to extend it. Although the renovation was complete, the property sale was delayed due to an open permit related to a minor issue. The bridge loan allowed the Borrower to retire the existing debt, resolve the permit issue, and continue marketing the property for sale. We also provided some cash-out proceeds to fund a new investment project. The subject property is approximately 2,467 square feet on a 3,625 square-foot lot. The Borrower had excellent credit. The 9-month bridge loan carries a 13.75% interest rate and was funded in August 2025.
Deal Highlights
- Borrower leveraged equity from a recently renovated single-family home in Honolulu.
- Loan proceeds were used to pay off a ballooning fix-and-flip loan with another lender.
- Borrower gained time to resolve an open permit issue that delayed the property’s sale.
- Exit Strategy: Sell the property.
Property & Loan Details
- Property City
- Honolulu
- Property State
- HI
- Loan Term (months)
- 9
- Lien Type
- 1st Mortgage
- Payment Type
- Interest Only
- Property Value
- $2,100,000
- Property Neighborhood
- Manoa
- Location Type
- Suburban
- Property Condition
- Newly Renovated
- Building Square Footage
- 2,467
- Lot Square Footage
- 3,625
- Lot Acreage
- 0.08
- Borrower's Plan
- Rehab and Sell
- Exit Strategy
- Sale
- Borrower Credit Rating
- Excellent
- Interest Rate
- 13.75%
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.
Equity Cash-Out Loan for Single-Family Refinance in Keaau, Hawaii
Source: https://privatelenderlink.com/transaction/267270/ Deal Summary Myers Capital Hawaii—a residential and commercial mortgage banking company and direct private lender—partnered with its affiliate, Koa Mortgage Fund, to finance a…
Equity Cash-Out Hard Money Loan for SFR in Honolulu, Hawaii
Source: https://privatelenderlink.com/transaction/263372/ 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…
Equity Cash-Out Bridge Loan for SFR in Honolulu, Hawaii
Source: https://privatelenderlink.com/transaction/257998/ 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…