Construction Loans on Oʻahu
Construction on Oʻahu has its own logistics, from material shipping to county inspection schedules. We build draw schedules around the way projects actually progress on Oʻahu.
- 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
Using a construction loan on Oʻahu
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.
Oʻahu is where we started and where most of our loans still close. Roughly two thirds of Hawaiʻi residents live here, the resale market turns over faster than any other island, and there is always a buyer for a well-finished home in Kailua, Mililani or Hawaiʻi Kai.
Where this loan works best on Oʻahu
- Kailua. Premium windward beach town. Older post-and-pier homes with strong ARV upside.
- Kāneʻohe. Large lots, older plantation-era homes, ADU-friendly zoning.
- Kapolei and ʻEwa Beach. Newer master-planned inventory, fast turnover, light cosmetic flips.
- Mililani. Consistent family demand and predictable comps.
- Pearl City and ʻAiea. Mid-century homes near the rail line with heavy renovation demand.
Oʻahu specifics we underwrite
The Department of Planning and Permitting has moved most residential permits online through ePlans. Simple interior renovations without structural change can often proceed on a minor permit. Expect longer timelines for additions, and plan draws around inspection milestones.
Honolulu allows accessory dwelling units up to 800 square feet on residential lots that meet minimum size and parking requirements, and recent ordinances expanded where a second unit is permitted. ADU construction loans on Oʻahu are one of our fastest growing products.
How we fund in Oʻahu
Tell us about the property
Island, property type, purchase price, estimated after-repair value and your exit plan. Takes two minutes and needs no personal financial documents.
Same-day quote
We come back with loan amount, rate and structure. No committee, no runaround.
Property evaluation
We inspect the asset and verify title. Local knowledge means this step moves fast.
Fund and close
Sign documents, record the deed of trust, receive funds. Pay interest only until you sell or refinance.
Oʻahu construction loans questions
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.
How fast can you close a hard money loan on Oʻahu?
For a straightforward purchase with clear title we typically close within 15 business days of retainer, and often faster. Our office is in Honolulu, so property visits, document signing and recording all happen locally.
Do you lend on Oʻahu leasehold condos?
Yes. We evaluate remaining lease term, lease rent renegotiation dates and the fee conversion status. Many Waikīkī and Makiki leaseholds are financeable when the numbers work.
Same-day quote for Oʻahu
Two minutes. No credit pull, no documents. Get an instant estimate and a same-day quote from a lender that actually closes in Hawaiʻi.