Funded Case Studies.
Real results for real clients. Explore how Myers Capital Hawaii structures complex private lending deals to meet unique financing needs nationwide.
Loan Amount
$1,308,000
Property Value
$1,635,000
LTV / Rate
80% @ 12.5%
Term
3 months
Payment Type
Interest Only
Rate Type
Fixed
Closed Date
09/25/2024
Deal Summary
Myers Capital Hawaii funded a $1,308,000 first-lien position equity cash-out bridge loan for a single-family home in Waianae, HI, located on the west side of Oahu.
The loan-to-value ratio was 80% based on an estimated property value of $1,635,000. The Borrower, an experienced real estate investor with excellent credit, utilized the funds to purchase an additional investment property.
Main Highlights
- Equity was cashed out from a single-family home in Waianae on the island of Oahu.
- The funds will be used to purchase another investment property, expanding the real estate portfolio.
- Exit Strategy: Refinance the subject property into a long-term DSCR loan.
Loan Amount
$250,000
Property Value
$2,300,000
LTV / Rate
10.87% @ 13.75%
Term
12 months
Payment Type
Interest Only
Rate Type
Fixed
Closed Date
05/22/2025
Deal Summary
Myers Capital Hawaii partnered with its affiliate, Koa Mortgage Fund, to fund a $250,000 bridge loan secured by a single-family home in Honolulu, Hawaii. The loan featured a highly conservative loan-to-value ratio of 10.87%, based on an estimated property value of $2,300,000.
Although significant equity existed in the property, liquid capital was needed to complete targeted renovations aimed at improving curb appeal and overall marketability. The bridge loan proceeds will be directly used to fund these improvements and prepare the home for sale.
Main Highlights
- Equity was accessed from a free-and-clear single-family home in Honolulu.
- Funds will be used for strategic upgrades and value-add improvements to enhance resale value.
- Exit Strategy: Complete renovations, sell the property, and repay the bridge loan.
Loan Amount
$510,250
Property Value
$800,000
LTV / Rate
63.78% @ 13%
Term
12 months
Payment Type
Interest Only
Rate Type
Fixed
Closed Date
09/03/2024
Deal Summary
Myers Capital Hawaii collaborated with its affiliate Koa Mortgage Fund to provide a $510,250 first-lien position bridge loan for the acquisition of vacant land in Kamuela, a small town located on Hawaii Island.
Funding 63.78% of the $800,000 purchase price, this residential-zoned land was acquired as a replacement property in a Reverse 1031 Exchange transaction. A non-recourse bridge loan was utilized, limiting liability to the property itself and protecting personal assets and income.
Main Highlights
- A non-recourse bridge loan was utilized to acquire vacant land in Kamuela on Hawaii Island.
- The land was acquired as a replacement property in a Reverse 1031 Exchange.
- Building is planned to start next year on the spacious lot situated on the Kohala Coast.
- The exit strategy involves selling another free and clear lot to repay the loan.