Commercial loans typically take 60-90 days to fund either it be institutional or conventional funding. There is no easy way to get commercial loans funded quickly. There will be piles of paperwork, due diligence packages, pro forma adjustments and finally the lengthy and costly appraisal. Don't forget the detailed examination of credit history, financial statements and as well as two years tax returns. 

CoHI requires one thing. Real estate that has enough equity to warrant a loan. Generally we look for at least 30% equity in the property for example if a property is valued at $1,000,000 then we would be able to lend at the most $700,000 or a 70% Loan to Value. Obviously LTV changes with the property type and location.  Please see Lending Guidelines for further questions. 

If all of the above refers to your needs and speed is of the essence then we can complete a transaction in 7-10 days.  we do not require an appraisal nor have an exhaustive and lengthy application process. We generally make a decision within 24-48 hours if we want to fund the loan and do not require a due diligence fee. There are no loan committees because you will speak with a decision maker the day that you call.

Please contact CoHI or call 808-633-8201 for a free evaluation of your Hawaii Hard Money Loan.