Construction and Development Loans in Hawaiʻi
Ground-up builds, major renovations and ADUs, funded in draws as work is inspected.
- No credit minimum
- Same-day quote
- Close in days
- All six islands
The Old King Kalākaua Building · 1407 Kalākaua Avenue, Honolulu · Open 7 days a week by appointment
- Leverage
- Up to 70% of completed value
- Draws
- Released on inspection milestones
- Rate
- About 12% a year (1% a month), interest only on drawn funds
- Term
- 12 to 24 months
- Projects
- Ground-up, ADU, rebuild, heavy renovation
- Land
- Owned or purchased at closing
Construction Loans in Hawaiʻi, explained
Bank construction loans in Hawaiʻi are slow, document-heavy and often unavailable to investors. Our construction loans fund the build in draws tied to inspections, so you only pay interest on what you have used.
We lend on ground-up construction, ADU and ohana additions, and major renovations where the finished value supports the loan. We can include the land purchase at closing. We lend at 50% loan-to-value as a standard and go higher when the project justifies it. Interest-only payments at roughly 1% per month. No credit minimum, no W-2s, no bank statements to get a quote.
How a construction loan works with us
Submit plans and budget
Permitted or permit-ready plans, contractor bid and a draw schedule.
Underwrite to completed value
We size the loan to what the finished property will be worth.
Close and begin
Land or initial funds release at closing. Each phase releases on inspection.
Complete and exit
Sell, refinance into a long-term loan, or rent and refinance.
Construction Loans on every Hawaiian island
Each island has its own comps, permitting cadence and buyer pool. Pick yours for local detail.
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11 min readConstruction Loans: questions we hear most
Straight answers. If yours is not here, call 808-523-2000 and talk to a decision maker.
Do you fund the land purchase too?
Yes. We can fund the lot at closing and the construction in draws afterwards on one loan.
Can I be an owner-builder?
Yes, with a realistic budget and schedule. Licensed contractor projects generally qualify for higher leverage.
How do draws work?
You request a draw at each milestone. We inspect, then release funds within days. You pay interest only on funds released.
Do you finance ADUs?
Yes. ADU and ohana construction loans are one of our most common products across Oʻahu, Maui and Hawaiʻi Island.
Related loan programs
Fix and Flip Loans
Up to 75% of after-repair value and 80% of rehab costs. Buy, renovate, sell, repeat.
ExploreADU Loans
Finance an accessory dwelling unit and turn one property into two incomes.
ExploreLand and Lot Loans
Buy the lot now, build or entitle later. Private financing for raw and improved land.
ExploreGet a same-day quote on your construction loan
Two minutes. No credit pull, no documents. Get an instant estimate and a same-day quote from a lender that actually closes in Hawaiʻi.