Hawaii flips combine island purchase prices with shipped-in materials and permit queues that can run long. Your lender needs to size the loan for that and give the schedule room to breathe.
In short: The best fix and flip lender in Hawaii is the one that keeps total cost lowest over a realistic island timeline, finances enough of the purchase and rehab to keep your cash manageable, funds draws without delay and offers workable extension terms. LendingStreet finances investment property in Hawaii, with rates from 9.99% for qualified borrowers, up to 90% of the purchase price and up to 100% of the rehab budget paid in draws. Ask every lender how it treats leasehold property and permit delays before you compare rates.
On a large loan, small differences add up fast. A 0.5% difference in rate on an $800,000 balance is about $4,000 over a year, and an extra three months of interest can cost far more than that.
Use one sheet for every offer so you compare the same things.
| Factor | What to ask | Hawaii angle |
|---|---|---|
| Total cost | Rate plus lender and closing costs, in dollars | High balances magnify every cost |
| Leverage | Share of purchase and rehab financed | Lower leverage means a very large check at closing |
| Term and extensions | Months included and cost to extend | Permit review can stretch schedules |
| Draws | Inspection method and days to fund | Materials shipped from the mainland need ordering early |
| Property type | Fee simple or leasehold, condo or single-family | Leasehold and some condos have narrower options |
We finance flips from $150,000 to $5M+, with rates from 9.99% for qualified borrowers and terms that typically run 12 to 18 months. A complete file can close in as little as 10 days.
Leverage goes up to 90% of the purchase price and up to 100% of the approved rehab budget, released in draws after work is completed and inspected. Experience helps pricing and leverage, and first-time flippers can qualify on some programs, often at lower leverage. The financing team reviews the deal and comes back with 2 to 3 options.
Oahu has the largest market by far. Honolulu, Kaneohe, Kailua, Pearl City, Mililani, Ewa Beach and Kapolei offer everything from older single-wall homes to newer master-planned communities, and military demand from installations such as Joint Base Pearl Harbor-Hickam and Schofield Barracks supports the buyer pool.
On Maui, Kahului and Wailuku are the main residential centers, and recovery and rebuilding after the 2023 Lahaina wildfire have affected supply and insurance across the island. On the Big Island, Hilo and Kailua-Kona have lower entry prices than Oahu, though lava hazard zones on the island affect insurance. Kauai, centered on Lihue, is a smaller market with limited inventory.
Hawaii has a meaningful amount of leasehold property, where you buy the building but lease the land. Many investor loan programs prefer fee simple ownership, and leasehold properties may have narrower options or not qualify, depending on the lease terms remaining. Confirm the tenure before you write an offer.
Condos are a large part of the Oahu market. Condo flips can work, but association rules on renovations, approval of contractors and the building's condition all affect whether a lender will finance and how long the work will take.
Termites, including drywood and subterranean species, are a common issue in Hawaii, and tenting or treatment is often part of a rehab. Salt air speeds up corrosion of metal fixtures, railings and roofing fasteners near the coast.
Many materials arrive by ship, so order windows, cabinets and specialty items early and add freight to the budget. Permit review in Honolulu has been known to take a long time for larger scopes, and each county runs its own process. Check current timing for your scope before setting the schedule.
This example is illustrative and not a quote. An investor buys a fee simple home on Oahu for $850,000, plans $140,000 of rehab and expects an ARV of $1,250,000. The loan covers 85% of the purchase ($722,500) plus 100% of the rehab ($140,000), for $862,500, about 69% of ARV. The investor brings $127,500 down.
Permits and shipped materials stretch the job to nine months. At a sample rate of 10.75% with interest on the full balance, interest is about $7,726.56 a month, or $69,539.06 over nine months.
| Item | Amount |
|---|---|
| Sale price | $1,250,000 |
| Purchase price | -$850,000 |
| Rehab | -$140,000 |
| Sample closing costs | -$22,000 |
| Interest, 9 months | -$69,539.06 |
| Taxes, insurance, utilities ($2,000 x 9) | -$18,000 |
| Selling costs (6%) | -$75,000 |
| Estimated profit | $75,460.94 |
Send the address and tenure (fee simple or leasehold), the purchase contract, a line-item scope with material lead times, comparable sales, condo documents if applicable and bank statements showing funds for the down payment, closing costs and reserves. Add LLC documents and your project history.
We can review the numbers early and show how leverage and a longer timeline change your cost.
Yes. LendingStreet finances investment property in Hawaii, including Oahu, Maui, the Big Island and Kauai. Fix and flip loans are business-purpose loans on non-owner-occupied property from $150,000 to $5M+.
It depends on the property and your timeline. Kiavi, Lima One and RCN Capital also write investor loans, and coverage varies by state, so confirm each lender finances in Hawaii. Compare total cost, leverage, draws and extension terms on the same deal.
Sometimes, but options are narrower. Many programs prefer fee simple, and leasehold eligibility often depends on how many years remain on the land lease.
Often, yes, depending on the building, the association's rules on renovations and the condition of the project. Bring the condo documents to the review.
Each extra month adds interest and holding costs. Ask how extensions work before you close. They are often available if the loan is current, usually for a fee, and terms vary by program.
Yes. Once renovated and rented, a DSCR loan can pay off the short-term loan, qualifying on the property's rent. Short-term rental rules vary by county, so confirm them first.
2-3 competing quotes from 30+ capital sources. No credit pull. No commitment.
By clicking, you provide express written consent to be contacted by LendingStreet (NMLS #1734316) via SMS, phone, or email, possibly using automated technology, regarding your loan inquiry. Reply STOP to opt out. Consent is not required to obtain services. See our Privacy Policy and Terms.